Piazza Affari loses ground, the only European Stock Exchange in negative ground together with Madrid (-0,28%). In the middle of the day the index Ftse Eb it retreats by 0,25%, around 19,600. Few moves but positive Paris (+ 0,06%) and Frankfurt (+0,11%). Salt too London (+ 0,12%).
La industrial production Italy has been at its lowest for 5 years. In January, the seasonally adjusted index decreased by 2016% compared to December 2,3. Investors await the Fed's decision on rates on Wednesday, with all economists taking for granted an increase in the cost of money in the US, the first of three forecast by the central bank for 2017.
After a flare up to 1,0714, the euro/dollar cross it is back to Friday night levels, at 1,067.
Donald Trump's policies in the US may negatively affect global trade and make the Federal Reserve's rate hikes less gradual, Bank of Italy governor said Ignazio Visco: "The consequent appreciation of the dollar and the increase in medium-long term interest rates, which have so far been contained - he added - could accentuate and reverberate their effects on international markets".
At the auction of medium/long-term securities, the Treasury assigned all 6,25 billion euros of BTP at 3 and 7 years with rising rates. The average yield on the three-year bond rose to 0,37% from 0,25% at the February auction, while that of the seven-year bond rose to 1,90% from 1,59% last month. Demand fell to 1,39 times the amount offered for the three-year BTP (from 1,48) and to 1,26 times (from 1,34) for the seven-year bond.
Via XX Settembre also placed a total of 2,751 billion euros of 15- and 30-year securities. The yield on the 15-year bond rose to 2,87% from 1,77%, while that of the 30-year bond remained stable at 3,42%.
Il Brent this morning it fell by 0,2% to 51,2 dollars a barrel, wtf at 48,3 dollars (-0,3%). Eni -0,4% Saipem + 1,5% Tenaris + 1%.
The financial sector is showing cautious growth in Piazza Affari. salt Unicredit (+0,6%) awaiting the Board of Directors on the quarterly report +0,6%: Jefferies defines the Milanese bank as "attractive" compared to other European banks: confirms the Buy rating, target price at 17,2 euros.
Bpm bank + 1,4% Mediobanca -1% B for Bank -0,9% Understanding + 0,6% Generali +0,5%. Go back to managed Azimuth (-1,5%), which signed an agreement to acquire 80% of New Horizon Capital Management Ltd, an asset management boutique based at the Dubai International Financial Center.
Among the industrialists, Ferrari +1,2%: Jefferies has started hedging with a Buy recommendation and a target price of $74. Leonardo + 0,2% StM +0,5% and Fiat Chrysler + 0,1%.
in luxury, Moncler (+0,3%) marks the new all-time high at the start.
