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by Fabrizio Patti

Milan 01 September 2021 First day of increases for the stock markets, both in Asia during the night and in Europe.

In Milan, the Ftse Mib index rose by 0.6% in the middle of the session, after yesterday closing the month of August with a rise of 2.55%.

Today in Europe the stocks of utilities, banks and consumer goods are on the rise, while the auto sector is on the downside, struggling with production stoppages linked to the shortage of microchips.


The stocks linked to the automotive sector limit the Frankfurt stock exchange (+ 0.10%), the one that is growing less today.

Also because this morning there were some declining and lower-than-expected data on retail sales in Germany;

-5.1% in July compared to June, the month in which the change was positive by 4.5%.



Today a lot of data has arrived on the trend of the economy. The manufacturing SME index in Italy in August rose more than expected, reaching 60.9, therefore well over 50, which marks the border between contraction and expansion. In Europe it was 61.4, and in Germany 62.6. Data higher than the Italian ones but down compared to July. Overnight China's manufacturing PMI, supplied by Caixin, fell below 50 to 49.2 for the first time since February 2020. 



In terms of data, inflation rose more than expected yesterday: + 3% in the Eurozone in August compared to a year earlier, which had led to an increase in the spread. Today it remains at yesterday's levels, at 109.



Among the stocks, higher rises for Diasorin (+ 2.5%) and Leonardo (+ 2.3%), higher falls for Saipem (-0.60%) and Cnh Industria (-0.75%).