Positive closure for Piazza Affari, 22.552 points, +0,97%, up with banks and the European Commission's proposals on non-performing loans, after the declines of recent sessions due to fears of a tightening on NPLs by the ECB. Madrid is doing even better, +1,34%, in the wake of declaration of independence in half of Catalonia. However, today the Spanish premier Mariano Rajoy asks to clarify the intentions, paving the way for the application of art. 155 of the Constitution, which would allow the region's autonomy to be suspended and warns: "There can be no mediation between democratic law and illegality".
Improve the climate and the Italian secondary school revives, while the Chamber vote the first confidence in the electoral law. The 10-year BTP reduces the yield to 2,16% and the spread with the German Bund to 170.90 basis points, -3,09%. The Spanish Bonos remain in red instead.
Flat Frankfurt, +0,17%, Paris -0,02%, London -0,06%.
Subdued opening for Wall Street, even if the main price lists are currently slightly positive. Good BlackRock and Delta Air Lines after the accounts, waiting for the quarterly season to get underway tomorrow, with the first banks (Citigroup and JPMorgan). The markets are also awaiting the minutes of the Fed of the Federal Committee of last September 20, which will be released in the evening. Finally, it should be noted that Donald Trump wants to tenfold the American nuclear arsenal. According to what Nbc News reveals, the shock request was allegedly made by the American president to the US military leaders last July.
The euro appreciates against the dollar by 0,3%, bringing the cross to 1,184. Slight drop in oil, Brent -0,5%, 56,08 dollars a barrel. Gold was stable at around 1288 dollars an ounce.
While the EU relaunches the banking union, after days of passion on the Ftse Mib, banks catch their breath and recover part of the losses suffered. The best is Banco Bpm, +4,8%, followed by Ubi +3,9% and Bper +3,49%. Positive Unicredit, +2,06%, despite the Monetary Fund including it among nine systemic banks that will struggle to "generate sustainable returns also in 2019".
Just below the Intesa parity, -0,07%, after the downgrade of JPMorgan. Brilliant Unipol +3%, also supported by new rumors on the bancassurance agreement with Banco Bpm. Telecom is picking up, +2,25% and, always in the Vivendi area, some profit taking was recorded on Mediaset -0,56%. At the bottom of the list Saipem, -3,62%, which sinks with the cut of the recommendation from buy to neutral by Goldman Sachs. Sales focus on Tenaris -1,54%; Azimuth -0,72%; Leonardo -0,58%; Luxottica -0,44%.
