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by Fabrizio Patti August 16, 2019The growth of European stock markets has strengthened in the end. Milan the best, up 1.51%, slightly better than Frankfurt (+ 1.31%) and Paris (+ 1.22%), the London climb was more limited (+ 0.71%). After a week of roller coasters the Ftse Mib returns almost exactly to the levels of last Friday's closing (-0.08%), in the last month the descent is 8%.Growth accelerated after the opening of Wall Street. The Dow Jones is up 1.09%, the Nasdaq is 1.55%. In particular, the semiconductor sector is on the rise, with Nvidia flying (+ 7.9%) after the positive data of the second quarter.
There was no positive economic data to make the exchanges to the exchanges, with a picture that remains worrying after the minus sign of the German GDP in the second quarter and after the threat of retaliation by Beijing against the increase in duties by the United States . But the words came Olli Rehn, a member of the ECB board. He told the Wall Street Journal that the European Central Bank is ready for large-scale expansionary measures as early as September. The markets expect a rate cut or a stock purchase plan that could also include stocks.
The spread, which dropped to 205 basis points yesterday, is now at 208. The 10-year BTP rose by 7 basis points, but we are far from the 240 points of last Friday. Among the individual titles, Mediaset stands out, + 10%. According to analysts, the purchases are to be related to the assemblies of September 4 for the reorganization of the group. In the Ftse Mib, the best Ubi securities (+ 5.62%) and Enel (+ 4.59%). The FCA ranking closes with a 3% drop.