MILAN – 10.15 am. The European lists are trying to recover after yesterday’s thud following the explosion of the crisis of the Chinese real estate giant Evergrande. In a letter sent to his employees, President Hui Ka Yan explained that the company “will come out of its darkest period as quickly as possible”. According to the S&P rating agency, the Chinese government will not intervene directly to provide assistance to the company. Perchino – the analysts note – will not provide “any direct support to the Evergrande group. We believe that Beijing would be forced to intervene only if there was a far-reaching contagion that would cause the failure of many important developers by posing systemic risks to the economy”. According to Standard & Poor’s “Evergrande’s direct negative effects on the projects of other major players would be manageable, even in a predefined scenario”, while the banks would be able to handle the impact.
In Europe Milano salt of 1.33%, London advances by 0.97%, Frankfurt 1.13% e Paris dell’1,3%. Saipem shines in Piazza Affari after the announcement of a memorandum with Saudi Aramco. In Amsterdam it takes off Universal, up by more than 30 points on its debut on the Dutch financial center after the spin-off from Vivendi, which instead is in sharp decline. at the debut The Evergrande effect, however, is still felt only on the Asian lists. The indices close lower, with a more significant impact on Tokyo: the Japanese stock exchange was closed yesterday for holidays and today ends at -2.7%.
Bolloré makes cash by bringing Universal music to the stock market
by Giovanni Pons
Among currencies, theeuro there is little movement this morning on the currency markets: the single European currency changes hands at 1.1735 dollars with an increase of 0.08% and at 128.5200 yen with a growth of 0.14%. In slight decline spread: the spread starts at 102 points compared to 103.4 at yesterday’s closing, with the yield of the Italian ten-year bond at 0.71%.
The price of the Petroleum. The barrel of crude oil expiring in October changes hands at $ 70.90 with an increase of 0.87%. Brent maturing in November is trading at $ 74.47 with a growth of 0.74%
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