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Stock market: mixed Europe, US futures down, Milan -0.2%

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The risk of poverty increases in Italy, to 20.1% in 2021 (ANSA)

(ANSA) – MILAN, AUGUST 26 – European stock exchanges thwarted on the second day of the Fed symposium in Jackson Hole, awaiting the intervention of President Jerome Powell on the future moves of the US central bank. The best is London (+ 0.3%), followed by Madrid (+ 0.2%) and Paris (+ 0.05%). Conversely, Frankfurt (-0.05%) and Milan (-0.25%) are down, with negative US futures. Consumer confidence in France in August was better than estimated, at 82 points against the 79 forecast and 80 in July, while in Italy consumer confidence rose unexpectedly from 94.8 to 98.3 points in August, compared to 92.5 expected. Business sentiment, on the other hand, fell from 106.4 to 104.3 points, compared with the expected 104.4. Consumption and personal expenses for July are arriving from the USA.

Crude oil rose (WTI + 1.1% to 93.56 dollars per barrel), while natural gas returned to below 300 euros (-6.97% to 299 euros per MWh in September futures in Amsterdam). Contrasted oil, with increases for BP (+ 0.6%), Shell (+ 0.55%) and TotalEnergies (+ 0.5%) and Eni negative (-0.8%). It is better than the banks Commerzbank (+ 2.4%), Sabadell (+ 2.26%), SocGen (+ 2.1%), Hsbc (+ 1.57%), Santander (+ 1.41%) and Bnp (+ 1.24%). The Italian Unicredit (+ 0.1%) and Banco Bpm (+ 0.04%) are more cautious, eliminating the increase, while Intesa (-0.18%) and Bper (-0.23%) turn negative. The differential between German BTPs and ten-year Bunds rises to almost 228 points (227.7), while the Italian annual yield grows by 7.3% to 3.6%. (HANDLE).

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Source: Ansa

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