Careful European bags. Duties, few expectations for US-China talks

2019-10-07T10:28:06.449Z

The indices of the main European financial centers are just above or just below parity, with the Eurostoxx 50 index, which weighs the 50 main Eurozone stocks, which is +0.01 percent. Ftse Mib of Milan -0.05%. The morning was opened by new negative data on German industry. Orders for manufacturing fell by 0.6% in August, compared to July, against an expected drop of 0.3%. Compared to a year earlier, the decline was 6.7 percent. The excellent performance of US markets on Friday is behind us, after unemployment figures at 50-year lows. Today the Chinese stock exchanges are closed for holidays, -0.16% for Tokyo. Expectations are growing for the meeting in Washington, Thursday, between the US and China, represented by Chinese Vice Premier Liu He. Bloomberg anticipates that the delegates will ask to restrict the topics of the negotiation. There should be no commitments to reform Chinese industrial policy or government subsidies, which have been the subject of complaints from the American counterpart. Some analysts relate the tightening of the negotiation to the request for impeachment for President Trump by the Democrats in Congress. The markets also record the economic note on the state of the Istat economy, according to which "the leading indicator has maintained a negative profile, suggesting the continuation of the phase of weakness in production levels". Among the individual stocks, the largest increases at Piazza Affari for Poste Italiane, Saipem and Amplifon, at around + 2%, with worse performances for Ferrari, Prysmian, down by seven tenths of a point, and for Nexi and Diasorin, negative for just over a percentage point.