banks under attack, deep red for CNH



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Today’s stock market, September 21, 2020, started the week in strong negative territory following updates on the trend of new infections, which in Europe have already led to the adoption of partial closures.

Bearish signs also come from the banking sector, after the alleged movements of money of illicit origin that would have involved Hsbc e Standard Chartered.

At the close of operations in the Old Continent, the Eurodollar stood at 1.17343 (-0.88%) while, among raw materials, the future for delivery in December in Brent changes hands at 41.6 dollars a barrel -4.8% compared to the previous figure.

Milan Stock Exchange today, update at 17:40: Ftse Mib below 19 thousand, CNH crash

In Milan, the Ftse Mib finished the first session of the eighth a 18,793.35 points, -3.75%, while the Italy-Germany differential is trading at 147 basis points (+ 1.15%).

News related to HSBC and Standard Chartered heavily penalized the banking sector: UniCredit fell 6.17%, Intesa Sanpaolo lost 4.62% and Banco BPM 5.86%.

Among the industrialists sitting to forget by Leonardo (-6.73%), Fiat Chrysler (-4.25%) and CNH Industrial (-8.05%).

Penalizing the latter is the news that Trevor Milton, founder and president of the USA. Nikola (of which CNH is a shareholder), resigned.

Strong negative sign, on the day of the dividend distribution, for Eni (-5.93%) and STMicroelectronics (-2.74%).

Piazza Affari, update at 13: Ftse Mib below 19 thousand points

In the middle of the session, the Ftse Mib lost 3.24% (18,892.02 points), the Cac40 fell 3.3% and the Dax 3.2%.

Negative performance also for the spread, with an increase of three percentage points to 150 basis points.

News related to HSBC and Standard Chartered are heavily penalizing the banking sector: -5.26% for UniCredit, -4.48% for Intesa Sanpaolo and -4.75% for Banco BPM.

Among the industrial companies, we highlight the -5.86% of Leonardo, -4.17% of Fiat Chrysler and -7.55% of CNH Industrial. To penalize the latter is the news that Trevor Milton, founder and president of the USA. Nikola (of which CNH is a shareholder), resigned.

Minus sign, the day of the dividend distribution, for Eni (-3.91%) and STMicroelectronics (-3.28%).

Future Wall Street: Indices are expected to be in sharp decline

Two and a half hours after the start of trading, the Dow Jones derivative registered -1.92%, that of the S & P500 lost 1.57% and the Nasdaq future registered -1.42%.

Piazza Affari, update at 9:25 am: banks in the spotlight

In Milan, the blue chip index, the Ftse Mib, in the first trading of today’s session, September 21, 2020, stands at 19,285.53 points, -1.23%, while the Italy-Germany differential is trading at 146 basis points (+ 0.77%).

Stronger sales in the Cac40 (-1.6%), the Dax (-1.79%) and the Ftse100 (-2.09%).

In the first operations Eni lost 2.88% and STMicroelectronics fell 1.04% on the day of distribution of dividends.

Less than 1.87% of Assicurazioni Generali despite Kepler Chevreux raised the rating from “hold” to “buy” and -2.12% from Banca Mediolanum, after Goldman Sachs increased the target price from 7 to 7.3 euros (confirmed hold).

News related to HSBC and Standard Chartered are heavily penalizing the banking sector: UniCredit loses 3.77%, Intesa Sanpaolo loses 1.88% and Banco BPM leaves 2.98% in the parterre.

Negative session for Asian stocks

Sitting with a negative sign for the Hang Seng index (-2.05%) and for the TSE China A50 (-1.12%). Letter also about the Australian S & P / ASX 200 (-0.71%) while the The Nikkei closed just above the pair (+ 0.18%).

Closing week in red for Wall Street

In the last session of last week the Dow Jones closed with -0.88%, the S & P500 has returned at 1.12% and the Nasdaq finished -1.07%.

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