The equity lists began the month of August with heavy drops, although it must be considered that in the first seven months of the year they had recorded positive double -digit performance in most cases (the French market is except in Europe). The drops of the last session also bring the budget on a weekly basis.
Today’s session
Among the bad European price lists for Frankfurt, which records a 2.65%reduction, prey to London vendors, with a decrease of 0.70%, and black session for Paris, which leaves a 2.91%loss on the carpet.
Summit Piazza Affari at the end of the seat, with the FTSE MIB which accuses a discount of 2.55%; On the same line, day to forget for the Ftse Italia All-Share, which stops at 42,436 points, retracing by 2.47%. The Ftse Italia Mid Cap (-1.58%) is clearly worsening; On the same trend, the Ftse Italia Star (-1.69%) is bad.
Among the best Italian actions with great capitalization, Fly Campari, with a marked ascent of 7.95%. Positive balance for Nexi, which boasts progress of 1.40%. Substantially inwit toned, which records a capital gain of 1.16%. Moderate gain for Hera, which advances by 0.64%.
The worst performances, on the other hand, recorded themselves on Fineco, which closed at -5.80%. Sales are concentrated on Intesa Sanpaolo, which suffers a drop of 5.57%. At loss Saipem, which drops by 4.69%. Heavy Popolare di Sondrio Banca, which marks a descent of well -4.49 percentage points.
The reasons for the drops in the stock exchange
The new duties announced on Thursday evening by the US president Trump still leave a large margin of uncertainty on the definitive impact of the tariff move triggered against the various nations. Dice between 15% and 50% will come into force from 7 August for dozens of countries (the EU saw the confirmation of the agreement for 15%), in addition to the 35% duties that will affect the goods produced in Canada, as an agreement has not yet been found.
In addition, the data published today in the United States showed a braking of the labor market that goes beyond simple moderation and that could weigh on consumption. In particular, the July employment report showed a sharp cooling of the process of creating jobs: the new non -agricultural employees have in fact stood at 73 thousand (against 106 thousand expected), with a very remarkable reduction of the reduction of the June figure (passed to 14 thousand from 147 thousand, in part due to less numerous public places), and the unemployment rate rises to 4.2% from 4.1%.
The appointments of the next few days
This Sunday, August 3, the OPEC+ is expected to approve another increase in production for September, thus completing the recovery of 2.2 million barrels per day of offer interrupted in 2023. The process will end a year before the provisions of the market.
The Bank of England should reduce the interest rate of 25 points base to 4.00% on August 7th. This would bring cumulative cuts to this cycle to 125 basis points and would keep the quarterly rhythm.
The moves of central banks
After the decision to leave the rates unchanged by the ECB and Fed in July, the Reserve Bank of Australia is expected that the Reserve Bank of New Zealand will probably return to cut the rates of 25 basis points in the meetings of 12 and 20 August, respectively, after the two central banks had been waiting in July.
The president of the Fed, Jerome Powell, should illustrate the conclusions of the “Framework Review” of the US Central Bank to the economic symposium of Jackson Hole, from 21 to 23 August.
