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Beijing’s new squeeze on education and tech sends stock exchanges red. Oil down

(Il Sole 24 Ore Radiocor) – Debut of the week uphill for European stock exchanges. Beijing’s squeeze on companies linked to the‘instruction, where foreign investments and quotations will be limited, puts Asian markets in difficulty, fearing that the crackdown will soon spread to other sectors as well. Sales also hit the headlinesi after the Chinese Antitrust ordered the internet giant Tencent to terminate exclusive agreements on streaming music. Heavy performance for Hong Kong e Shanghai. Down also i prices of Petrolium .

The tensions reverberate up to the markets of the Old Continent: the FTSE MIB however limits the liabilities while the worst is Amsterdam (AEX), followed in the wake of
Madrid and Frankfurt (IBEX 35 e DAX 30).

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Tokyo stock market, closing at + 1% after two stop sessions

On the other hand, the Tokyo Stock Exchange closed sharply up, returning to trading after the holiday closures of 22 and 23 July. The Japanese market has therefore absorbed the effect of the performance of the US markets where last Friday the Dow Jones ended near the all-time highs. On the other hand, the impact of the Pmi Jibun Index was limited, which indicated a less sustained trend than expected for the Japanese economy. At the end of trading, the Nikkei index recorded an increase of 1.02%, settling at 27,829.50 points. The broader Topix index also performed well, closing with a gain of 1.11% at 1,925.62 points.

Recordati rises in Piazza Affari, no dividend effect on banks

The decision of the ECB not to extend the ban on distributing dividends for banks beyond September 30 is not enough for Piazza Affari: banks: the prices of credit institutions are among the most penalized. On the Ftse Mib the best is Recordati followed by Intesa Sanpaolo. The prudence of the lists comes after last week the stock exchanges managed to record a positive balance, with Piazza Affari having finished trading above the 25 thousand points threshold (it had not happened since last July 14), despite the fears triggered by the spread of the Delta variant of Covid-19.

BTp, spread rises to 106 points

On the rise spread between BTp and Bund. In particular, the yield differential between the ten-year Italian benchmark (IT0005436693) and the same German duration rose to 106 basis points, up from the 103 points recorded at the close on Friday 23 July. On the other hand, the yield of the ten-year benchmark BTp, which is initially indicated at 0.62% from 0.63%, on the eve of the day, slightly decreased.

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