A king died, long live the king. Wall Street awaits the inauguration speech of the 45th president of the United States, Donald Trump, with the three price lists almost all on the rise. Optimism seems to guide the operators, even if there is much expectation to understand how the new president will want to move from words to deeds, from electoral promises to action. Mystery that is being revealed in these very minutes, in which Trump is speaking to the nation and to the world. Surprisingly, even the Mexican peso, in the run-up to the speech, recorded the best performance against the dollar (+0,9%), but after hitting record lows yesterday.
European markets are cautious. Milan, after having floated above parity during the day, slipped in the final to -0,06% to 19.479 points (with Yoox sinking to -4,25%); more adverse fate for London, -0,14%. At parity Madrid -0,01%; fractional increases for Paris +0,20% and Frankfurt +0,29%.
To signal the brilliant performance of oil, Brent +2,64% to 55,59 dollars a barrel, in view of the weekend meeting between the major world producers. Black gold also benefits from the growth in Chinese demand which, in December, recorded an increase of 3,4% to 52,8 million tons. On the other hand, however, according to EIA data, it pays tribute to an unexpected accumulation of US crude oil weekly reserves (+2,3 million against expectations of +342.000) and a leap in gasoline reserves.
In Piazza Affari, oil companies are doing quite well: Eni +0,26%, it also won the tender for the supply of 180 loads of LNG in Pakistan for 15 years; Tenaris +0,71%. Positive energy and utilities: Enel +0,27%; Italgas +1,27%.
Banks in no particular order: Bper's brilliant momentum continues +1,59%, waiting to take the decisive step on the mergers front; Ubi Banca, on the other hand, fell back, -2,19%, after yesterday's rally and a growth of more than 37% since the beginning of the year. Heavy seat for Unicredit (-1,47%) on the day preceding the grouping in a ratio of one share every ten.
Fiat Chrysler Automobiles remains quite tonic +0,32%, on which S&P confirmed the long-term rating (equal to BB) and the short-term rating (B), with a stable outlook. For the American agency, any fine, even a considerable one, would not bring FCA to its knees, which "has room for maneuver in its leverage measures" and "ample liquidity available, if necessary".
Purchases on Cnh +1,47%, Moncler +0,45%, Telecom, +0,71%.
Fractional decrease for Mediaset, -0,19%, with Pier Silvio Berlusconi who sees "legal measures" as the only solution to get out of the impasse with Vivendi.
Yoox sinks again, -4,25%, despite the "buy" ratings indicated by multiple brokers. Probably at the origin, the weak estimates on the fourth quarter data and the decision of Sarah Rutson, vice president of global purchasing, to leave her role.
Out of the main basket stands out Fincantieri, +7,14%, after the signing of a memorandum of agreement with the US group Carnival Corporation for the construction of two new cruise ships, for a total value of over 1 billion euros, destined for the Holland America Line (HAL) and Princess Cruises brands.
Sales on bonds, with the yield of the BTP returning to 2,03%, the highest since December. However, the spread with the Bund was little moved, at 160.50 basis points (-0,43%).
