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by Fabrizio Patti
16 September 2021 The rebound of Piazza Affari continues, in the middle of the session (+ 1.12% for the Ftse Mib index), yesterday the weakest together with that of Madrid.
In the rest of Europe, Paris + 1%, London and Frankfurt + 0.5%, Madrid + 0.7%.
The stocks most penalized yesterday recovered, even if only in part: Enel, yesterday -5 and a half, today + 1.5%;
A2A yesterday -4.21%, today + 0.37%, after a brighter start.
Yesterday's decline is due to the assumptions that the Spanish government is following the path, which has foreseen both tax cuts and a tax levy on the extra-profits of the operators of hydroelectric and nuclear power plants. Yesterday, Enel was the most penalized for the decline of its Spanish subsidiary, Endesa. In these hours, a meeting of Prime Minister Mario Draghi with Ministers Roberto Cingolani and Daniele Franco on the subject of the rise in energy bills is underway at Palazzo Chigi.
Asian indices down overnight. In Hong Kong (-1.51%) the stocks of gambling companies based in Macao especially fell, because the Beijing government is expected to tighten up in this sector as well, after the technological one. Furthermore, the liquidity crisis of Evergrande, the second Chinese real estate developer, weighs once again: fears are of a domino effect on banks and other construction companies.
Yesterday Wall Street was not affected by these dynamics, the main indices closed up, Dow Jones + 0.68%, Nasdaq + 0.82%; index futures are down slightly today. The data on new weekly unemployment claims in the United States is expected at 2.30 pm.
Among the other stocks of the Ftse Mib today stands Cnh Industrial, + 5%. According to reports from Il Sole 24 Ore, the spin-off of Iveco from the group could take place in January. This is followed by Exor, the holding company of the Agnelli family to which Cnh Industrial also belongs. Greater reductions for Saipem (-0.7%) and Banca Generali (-0.94%).