European stock exchanges did not particularly welcome the speech of Jerome Powell (president of the American Federal Reserve) at the Jackson Hole meeting: the promise of an accommodative monetary policy even in the event of a recovery in inflation was not enough to support the indexes of Paris (-0.64%), London (-0.65%) and Frankfurt (-0.70%); Milan too badly, with the Ftse Mib index -1.44% to 19,847 points and the All Share -1.36% to 21,667.
On the main stock market in Piazza Affari they lost more than all Diasorin shares (-8.65%), also following an interview in which the CEO complained that “as long as there are no clear rules on the biotech, we will no longer do clinical research ». In the medical sector, Recordati also lost positions (-2.37%). In other segments, Enel (-2.32%) and Intesa Sanpaolo (-2.11%) shares were weak. Instead, Telecom Italia (+ 3.42%), Mediobanca (+ 0.62%), Pirelli (+ 0.38%) and Prysmian (+ 0.34%) moved against the current.
On the macroeconomic front, Istat will communicate the numbers on consumer and business confidence and on producer prices in industry, construction and services tomorrow. The EU disseminates index numbers on business and consumers, on the state of health of companies, and on the expectations of industry and services. From the US comes data on prices, consumption and retail and wholesale inventories, as well as the consumer confidence index of the University of Michigan and the PCE of the Dallas Fed.