(Il Sole 24 Ore Radiocore) – European stock markets, which started the first session of August on a slow note, slowed in the face of weakness financial world and stroke petroleumCaught between waiting for OPEC decisions and worries about global energy demand (after China’s slowdown). Therefore, the bearish weight of this sector falls on the indicators. Production In Beijing (where the numbers for small and medium-sized companies fell more than expected in July, highlighting the difficulties in the economy of the People’s Republic of China) and in the eurozone, where small and medium-sized index companies posted their first in two years in July. contraction recorded. Meanwhile, the release of quarterly reports continues to help, with central banks considering further movements (a new adjustment to the cost of money in the UK, Australia and India is expected during the week). Additionally, over the weekend some Fed governors stressed the need to raise interest rates further to curb inflation, which is still raging. FTSE MIB matching is better, also thanks to encouraging signs in the labor market (Istat, in fact, The number of employees started increasing again in June, with a record-keeping employment rate of 60.1% since 1977). On the other hand, the CAC 40 dated the DAX 40 in Paris, Frankfurt, after falling 1.6% in June and 8.8% year-on-year in retail sales, Elcabra ibés 35 MadridAEX Amsterdam and London’s FT-SE 100
EU manufacturing declines, Italy at its lowest level since 2020
Slowdown in production in the Eurozone. The index for small and medium companies declined to 49.8 points from 52.1 in July. Also, Italy’s manufacturing PMI fell to 48.5, the lowest since June 2020, from 50.9 in June. “With further declines in output and new orders, the Italian manufacturing sector faced more challenges in July,” said Lewis Cooper, economist at S&P Global Market Intelligence. This figure also decreased in Germany (52 to 49.3 points) and in France (51.4 to 49.5 points).
Leonardo overcomes Banks’ performance in Milan
Among the highest-capitalized Milan stocks, Leonardo – Finmeccanica is recovering after Friday’s fall. Good SaipémAnd the Mediobanca And the Intesa So Paulo After quarterly accounts, exceeding expectations, while in general it is growing well on the eve of the appointment with the publication of financial statements. CNH Industrialholding Company Exor and David Campari and the group between the bombs at the end of the main basket. From the main menu, the quiet presence of Energy in the Euronext Growth Milan market in Piazza Afari: this is the 14th entry in the Borsa Italiana market dedicated to small and medium-sized companies since the beginning of the year, increasing the number of companies currently at the EGM. Doing business at 181.
Spreads, also touches 219 points
The spread between BTP and the Bund continues to trend in the MTS secondary market for European government bonds since the end of last week. The yield between the benchmark 10-year BTP index and the same German maturity is pointed at 221 basis points, falling from 233 points on Friday, July 29, to 219. The Italian 10-year yield fell to 3.06% from 3.15% on the eve of the year.
US manufacturing index in July in line with projections
The US Manufacturing Activity Index fell in line with expectations in July, with the final reading slightly lower than the initial reading and its lowest level in two years. Data compiled by IHS Markit, which measures the trend, fell from 52.7 points in June to 52.2 points; Analysts had expected a figure of 52.2, after a quick reading of 52.3. The slowdown was due to lower production, the first since June 2020 and falling new orders.
