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Stock market, the latest rally fails. Rome shines, Azimut at the top

European stock markets are on their way to closing an extremely positive 2019 – The 5-year BTP yield at auction is down – Fincantieri is up, Nexi continues its race – But Atlantia goes down

Stock market, the latest rally fails. Rome shines, Azimut at the top

The European stock markets are starting to close the last session of a largely positive year in the red. Business Square it dropped by about 0,6% around 23.750. Decline analogous to Frankfurt and Paris it drops just over 0,3%. On Essilor/Luxottica (-1,8%) weighs the effect of confirmed fraud in one of its factories in Thailand: the impact will be a maximum of 190 million, partly offset by insurance. Madrid -0,3%: The Spanish economy grew by 0,4% in the third quarter, in line with flash estimates. London yields 0,3%.

Lo spread Btp/Bund drops to 160 basis points. In today's medium-long shaft, the first to be settled in 2020, the Treasury placed bonds for 4,5 billion euros on a range of offers equal to 3,5-4,5 billion euros.

The ninth tranche of BTP April 2030 with a 1,35% coupon, placed for 2,5 billion, saw the yield rise to 1,35%, the highest since July, reports the Reuters agency, from the 1,29% of the placement at the end of November.

For the seventh tranche of the Btp 5 years February 2025, coupon 0,35%, the yield fell to 0,61%, compared to 0,64% at the auction at the end of November.

Il Waist trade at -0,22%, the BTP ten-year interest rate at 1,40%.

Fifth day of up Petroleum Brent at 68,3 dollars a barrel. At Piazza Affari Tenaris -0,9%. In the United States, there are fewer drilling rigs in operation. Eni -0,5%.

In a market with festive volumes, some values ​​outside the main basket are highlighted.

Shines AS Roma (+3,50%). The company is about to change owners, given that Dan Friedkin accepted Pallotta's assessment: 975 million euros, formed by the price of 550 million net plus the approximately 275 million debt of the club and the 150 million capital increase already approved by the shareholders' meeting (one third to be paid by 31 December). This is the highest transfer in the history of Italian football. The "enemy" Lazio takes advantage of this (+8,63%).

Fincantieri +2%. The US Navy has awarded a multibillion-dollar order to a consortium led by Lockheed Martin, which includes Fincantieri Marinette Marine, for the construction of four Multi-Mission Surface Combatants units destined for the kingdom of Saudi Arabia, as part of the Foreign Military program Country Sales. 

Mount Paschi +0,75%. The bank announced this morning that it has transferred 1,8 billion euro of non-performing loans. The operation took place in three tranches, the one by far the most important being of 1,6 billion euro: these are non-performing loans sold without recourse. 

The Interbank Deposit Guarantee Fund (FITD) meets today to decide on the bailout intervention in the People of Bari.

nexi +1,44%: HSBC raises the target price to 13,5 euros. In the Christmas shopping week, electronic payments soared to 123 million, 31 million more than in the same period of 2018. The data was communicated by SIA, a company that manages the process phase of electronic transactions for various operators, including Nexi .

The best title is Azimuth (+1,4%), which closes the year in which it was the stock with the greatest growth: +125,65.

It is at the bottom of the list Italgas (-2,4%). Terna -0,5%.

Atlantia lose 2%. The latest version of the Milleproroghe decree is even tougher on the concessionaires, as it excludes the possibility of a legal resolution. The rest of the provision does not change, including the limitation of compensation which would drop from 23 to 7 billion.

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