Square business unique positive stock exchange in Europe. The mit rejects the eaves, Atlantia in red

2019-08-22T10:25:53.715Z

Even today, Piazza Affari is positive: + 0.23%, after + 1.77% yesterday. The opening had been red. Then the recovery, on a day when the other European markets are negative: the London and Paris indices fall by half a percentage point, Frankfurt by three tenths. The Ftse Mib index is helped by banks (+ 1%), which benefit from the new drop in the spread: -3 basis points for the ten-year Italian BTP, to 1.30% yield. +1 point for the German bund. The spread is now at 196 points. At 10 am the data on the expectations of the purchasing managers in the Eurozone arrived. Data better than expected, with the Ihs Markit Pmi Composite index at 51.8. Better than 51.5 in July and the highest in the last two months. The market expected a lower level of 51.2 points. Quota 50 is the threshold that marks the distinction between contraction and expected growth. SME Composite is the average between an SME still in contraction, at 47 points, and a Tertiary SME which has risen to 53.4, in both cases with a slight improvement compared to July. Among the major European economies, Germany recorded a composite SME at 51.4, up from 50.9, above expectations (50.5). The manufacturing SME also rises, albeit below 50: 43.6 from 43.2 (expectations 43). Among the large-cap Italian stocks, the best results are for Banco Bpm and Tim, close to + 2%. Leonardo and Ferrari close the rankings, with descents of over one point. Atlantia was also negative by almost one percentage point: the publication by the Ministry of Infrastructures of the cost / benefit analysis on the Gronda di Genova may have influenced. The document suggests pursuing more efficient transport, environmental and financial options.