Weak stock exchanges, uncertainty about Evergrande. Brent oil flies to 77.5 dollars

2021-09-25T03:29:34.260Z

Stock markets start lower after yesterday's positive day. The Ftse Mib falls by 0.4% and the week is starting to end with a slightly positive balance (+ 1.05%). In the rest of Europe, London -0.3%, Frankfurt and Paris -0.7%. US markets were also up yesterday (Dow Jones + 1.48%). To bring some serenity was the meeting of the American central bank, the Fed, which has indeed anticipated the start of the reduction in purchases of securities, or tapering, but has given no signs of wanting to accelerate and has removed a little of uncertainty to investors. Uncertainty that instead remains on the fate of the Chinese real estate giant Evergrande, which today drops by another 13 percent, after yesterday's + 17%. The company yesterday announced that it had "resolved" the payment of interest on abond in local currency but has not yet said anything about another bond that matured yesterday, in dollars and probably held by foreign investors. The interest due is $ 83 million, the time to pay and avoid a technical default is 30 days. Meanwhile, the Wall Street Journal wrote that the Beijing authorities are asking local governments to prepare for the possible bankruptcy of the group. Uncertainty also remains about when the oil rush will stop. Today Brent is trading at 77.5 dollars a barrel (+ 6% compared to the beginning of the month). We are at the highest values ​​since October 2018. In Piazza Affari, among the securities of the Ftse Mib, the highest rises for Mediobanca (+ 1.5%), followed by Bper Banca (+ 0.95%). Mediobanca yesterday announced that it had signed a loan from Generali,lasting 8 months; in this way it will rise to 17.22% of the Lion of Trieste, a move that contrasts the rise of Generali of the partners Del Vecchio and Caltagirone. Greater reductions for Cnh Industrial (-1.67%) and Snam (-1.96%).