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The tension of the trade war does not diminish, with the US project (denied by Treasury Secretary Mnuchin) to leave the WTO and Canada's response to US tariffs, and this factor with the political crisis in Germany (shock Merkel) Seehofer on the subject of migrants), which puts the balance of the government to the test, immediately makes the European stock markets fall. The leading indices, which ended the first half of 2018 on Friday with a negative balance, lost more than 1%. The fall in Frankfurt is weaker. Turnover on Italian government bonds: 10-year construction performance rises to 2.7% with spread on the Bund widening to 244 points
Piazza Affari is the worst (see the performance of the FTSE MIB index): On the main list, looks are focused mainly on the fall of Recordati after the announcement of the agreement of transfer of control of the founding family to the American fund Cvc followed by a public offer of 28 euros per share: the price is much lower than the stock market values Friday (34 euros) and expectations for the last weeks. The stock has also come to lose 18%. Mediaset was also bad, already Friday, after a negative evaluation of Morgan Stanley, in the banking sector (especially Banco Bpm).
Part of the increase of 500 million euros Prysmian
Prysmian 's turnover on the first day of the capital increase of 500 million. euros related to the acquisition of General Cable: withdrawal of shares in relation to the price of 20, 62 adjusted on Friday and also the decrease of the rights compared to 0.7082, value at detachment of ordinary shares. The increase entitles the holder to subscribe for 2 new shares for 15 rights at a price of € 15.31. Oil suffering (starting with Tenaris eSaipem) given the sharp drop in oil prices following statements by US President Trump on Saudi availability to increase production: August WTI yields 0.65% to 73, $ 78 a barrel, September Brent 1% to $ 78.46 a barrel. Moncler stands out with a recommendation from Merrill Lynch and exceeds 10 billion market capitalization. Luxottica Limited Decline: On the title of the group of glbades does not affect the postponement of the deadline for integration with Essilor.
Oil, Trump asks the Saudis to pump 2 million more barrels
Oil down: Trump asks A. Saudita to increase his production
Oil drops sharply in the Asian morning after the tweet of US President Donald Trump written this weekend and according to which he would have convinced Saudi Arabia to increase its production every day. The barrel of WTI in Asia this morning is
trading at 73.23 dollars down 92 cents while Brent crude oil loses more than a dollar to 78.19 dollars. President Trump in the twwet said that he had asked the Saudi monarch Salman to increase production "because of the tensions and malfunctions in Iran and Venezuela" of about "2 million barrels to make up the difference ". According to Trump, the Saudi king also said that he was in agreement with the US president's observation that the price of crude oil "is too high". The euro retreats, returning to 1.16 of the exchange rate with the dollar: the single currency starts at 1.1629 dollar against 1.684 on Friday.
The Tokyo Stock Exchange falls by 2%: the confidence of Japanese companies is declining
Trade tensions and the decline in confidence of large Japanese manufacturing companies weigh on the first weekly session of the Tokyo Stock Exchange . The Nikkei index of the top 225 titles ends at 21,811.93 points down 492.5 points or 2.21%. The Tankan index released this morning by the Bank of Japan showed a decline in short-term confidence expectations of large manufacturing companies but more generally fears for commercial risks related to the protectionist policy of the US administration. to depress the courts. The Topix index of the main price list left more than 2% on the ground (-35 points) to 1 695.29 points
(Il Sole 24 Ore Radiocor)
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