Home » Bags still on records. Milan (+ 0.4%) closes with the seventh rise in a row

Bags still on records. Milan (+ 0.4%) closes with the seventh rise in a row

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(Il Sole 24 Ore Radiocor) – Frankfurt stands out in the contested session of the European stock exchanges which, however, thanks to purchases on cars, insurance and telecommunications, has allowed Paris to reach a whisker from all-time highs (touched in September 2000) and Piazza Affari to insert the seventh consecutive rise .

In the aftermath of the data onUS inflation – watershed of the week on the financial markets – which seem to be able to postpone the squeeze of the Federal Reserve, the stock markets have traveled at different speeds: lively Frankfurt (DAX 30), steadily rising Milan with the FTSE MIB and Paris (CAC 40), Madrid and Amsterdam were flat while London closed in red despite the performance of Aviva after the accounts and of Marks & Spencer. The gains in the insurance company Zurich and the telecommunications group Deutsche Telekom led to their respective sectors.

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Wall Street in equilibrium later on production prices and subsidies

The Wall Street session was contrasted with purchases that reward stocks in the technology sector. On the macroeconomic front, requests for subsidies by the unemployed: the number of workers who applied for unemployment benefits for the first time, in the week ending 7 August, decreased by 12,000 units.
375,000, as reported by the Labor Department; the expectations were precisely for a figure of 375,000. Accelerate i producer prices in July: as announced
from the Department of Labor, they grew by 1%, against expectations for + 0.6%, after + 1% in June (which remained unchanged). The “core” component – the one purified from
more volatile components represented by the prices of food and energy goods and commercial services – grew by 1% compared to the previous month, against expectations
by + 0.5%.

FTSE Mib stock market trend

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In Milan, Stellantis and Atlantia offset the decline in banks

In Piazza Affari, the new sales in the banking sector – with Banco Bpm, Banca Popolare Emilia Romagna and Unicredit downhill – they are more than compensated for by the good performance of Stellantis and by purchases across the various sectors. Atlantia took advantage of the improvement data on motorway and airport traffic, Davide Campari benefited from the confidence expressed by the ceo Kunze-Concewitz on the business trend, while good performances came from Interpump e Diasorin. Out of Ftse Mib more money on Webuild, which has updated on the progress of a project in Seattle, while speculation about Salvatore Ferragamo has died down.

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