MILANO – The European lists closed in recovery 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.
London marks a + 1.13% with the Ftse 100 at 6,982 points. Paris recorded a 1.5% with the Cac 40 at 6,552 points while Frankfurt closed the session with a + 1.41% and the Dax at 15,345 points. Milan also did well with the Ftse Mib which added 1.22% above 25,300 points. Saipem shines in Piazza Affari after the announcement of a memorandum with Saudi Aramco. It should be noted that Caltagirone rose again to 6.2% in General, with the agreement with Del Vecchio which consequently rises to 12.4% while the Crt Foundation adheres “unconditionally and irrevocably, for all legal purposes” to the agreement. 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. Volatile sitting for Wall Street, which starts well, then turns negative and at the close of the European markets is again in the black: the Dow Jones is up by 0.04%, the S&P by 0.08% and the Nasdaq by 0.27%.
The Evergrande effect was still felt only on the Asian lists. The indices close lower, with a more significant impact on Tokyo: the Japanese stock exchange yesterday remained closed for holidays and today ends at -2.7%.
by Giovanni Pons
Among currencies, theeuro it closed below $ 1.18 and the greenback also moved back against the yen. The European currency changes hands at 1.1724 dollars and 128.08 yen. Dollar / yen goes down to 109.25. The rebound in equities after yesterday’s crash also weakens the greenback. In slight decline spread which rose to 101 points at the end of the day, from 103.4 at yesterday’s closing, with the yield of the Italian ten-year bond at 0.69%. in the meantime the OECD has updated his estimates on the growth of the world economy, bringing Italy’s rebound expected for this year to + 5.9%.
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%.