European bags flat but London shines. At Piazza Affari, the banks are down

2020-09-11T11:15:03.278Z

Weak stocks in the last trading session of the week. The Financial Times Stock Exchange - Milan Stock Exchange Index, or Ftse Mib, is just below par (-0.06%), after yesterday's slight rise. The weekly balance remains largely positive, +2.14 per cent. A similar trend was also observed in the rest of Europe. Just below parity Frankfurt and Paris. London was positive (+ 0.45%): despite the stalled Brexit negotiations with the European Union, a trade agreement with Japan was signed today, the UK's first major agreement after Brexit. There were also better than expected industrial production data in July. During the morning, the economic estimates of the Confindustria Study Center on Italian GDP arrived. The estimate of the center is that in the third quarter the GDP will rise by 9% (so the rebound will not be double-digit). In 2020, according to the Csc, GDP will be between -10 and -11 percent. In Europe today, banks are especially bad. Italy is no exception, where the sector index is down by 0.9 percent. Among the stocks, the best performance for StMicroelectronics (+ 2.4%) and Diasorin (+ 1.6%), worst for Leonardo (-1.8%) and Mediobanca (-2.12%). The Euro has started to rise again a bit, at 1.186: it returns to approach 1.19, where it had arrived yesterday after the ECB confirmed that rates were left firm. Yesterday Wall Street closed with a minus sign due to the lack of agreement at the US Congress on the new stimulus package for the economy. Today, futures anticipate an upward start.