MILANO – Fears about a possible slowdown in Chinese growth did not hold back the markets in the morning. The European stock exchanges all restarted well in tune, aligned with the positive trend of the Asian lists and futures on Wall Street. Surprisingly, the Chinese SME Caixin fell in July to 50.3 points against 51.3 in the past reading and against a figure of 51 points expected by insiders. For the manufacturing sector, this is the worst figure in 15 months, which is weighed down by a slowdown in weak exports and the difficulties encountered by companies in the procurement of raw materials and components.
The Asian side reacts as well as mentioned, listening more to the other signs of recovery coming from the economies of the Far East. Tokyo is in good shape, closing the session at + 1.82%. A good start also in Europe, with futures all pointing upwards.
In Piazza Affari the spotlight is still on Unicredit and Mps, whose possible marriage triggered a clash in the government majority, with Lega and M5s who expressed themselves negatively on the operation and the Ministry of Economy Daniele Franco called to report this week in Parliament.
Mps-Unicredit, European flagship: the Antitrust will supervise state aid
by our correspondent Claudio Tito
Slightly down spread at start-up: the differential between BTPs and Bunds is 107.3 basis points compared to over 108 at which it closed the previous week.
After a month of increases the Petrolium slows earlier in the week, with analysts worried about the spread of the Delta variant around the world. The WTI with delivery in September drops 1% to 73.18 dollars a barrel. In London, Brent lost 1.1% to 74.56 dollars.
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