Business Square Turns Red. Waiting for the judgment of Moody's

2019-09-06T07:56:08.703Z

Contrast start for European stock exchanges. Milan, after a positive start, marks -0.18%, Frankfurt + 0.22%, Paris -0.01%, negative also London: -0.10%. The Dax index in Frankfurt is the best in the old continent, despite data below expectations for industrial production in July: -0.6% compared to June, against the expectation of 0.4% growth; the previous economic data was -1.1%. July marks a 4.2% drop in industrial production compared to the same month a year earlier. Yesterday was a very positive day, with a 1% rise across Europe and even more on Wall Street: + 1.75% for the Nasdaq technology market. Yesterday, the Chinese Ministry of Commerce announced that the delegation in charge of discussing trade relations with the United States will be in Washington early next month. Among the technological titles in the night Zte also rose, + 9.27% ​​to the Shenzhen stock exchange. Yesterday the Italian government decided to apply the golden power on 5G, imposing stakes on companies like Huawei and Zte. The Shanghai and Hong Kong stock market indices rose by half a point despite the rating cut this morning in Hong Kong by the Fitch agency, from AA + to AA. Today, Moody's rating on Italy is also expected. Meanwhile, the note from the Dbrs agency has arrived: "The new coalition government between the M5s and the PD - it reads - will probably be more favorable to the EU than the previous M5S coalition with the League". According to the agency, the new executive "increases the chances of a more constructive relationship with Europe regarding the budget", moreover "the Eurosceptic rhetoric will be put aside". Yesterday descent for safe-haven assets: -2% for gold, the yields of the Italian BTP and the German bund also rose by 8 basis points, with the spread at 154. At the opening the differential is at 152. Among the sectors to Piazza Affari, purchases for automotive stocks (+ 0.83%), a slight decline for banks instead. Best Atlantia shares (+ 1.32%) and for Amplifon (+ 1.21%). At the bottom of the ranking of the Ftse Mib Ubi Banca (-0.84%) and Diasorin (-1.21%).