The change of course of Wall Street, after an upward start, disorients the European stock exchanges which close mixed awaiting Mario Draghi's intervention tomorrow, at the end of the first ECB meeting in 2019. Business Square loses 0,19% and drops to 19.400 points, held back by the Agnelli team, despite a Juventus indomitable (+2,41%). They go down Frankfurt -0,17% and Paris -0,15%. Well Madrid +1,01%. In sharp decline London, -0,85%, on which the thud of Metro Bank (-38,92%), after the announcement of an increase in exposure to high-risk loans.
Wall Street is slowing down, after a green start, due to the good quarterly results of major companies such as IBM, Procter & Gamble and United Technologies. The rebound does not look all that solid at the moment, as the Nasdaq and S&P have slipped into the red. The concerns of the negotiations with China on tariffs and the shutdown, now in its 33rd day, remain in the background. Due to the federal blockade, US growth in the first quarter could be equal to zero, says Kevin Hassett, president of the Council of Economic Adviser of the White House, even if the situation would return to normal with the resumption of activities. The shutdown also prevents the processing of essential macroeconomic data used by the Federal Reserve to make its monetary policy decisions.
In Europe, however, the spotlights are on Mario Draghi and on what he will say on the economic slowdown further highlighted in Davos in recent days. After the closure of quantitative easing, some analysts believe that the ECB president could bet on the launch of a new TLTRO, the liquidity operation aimed at loans for companies, but nothing is taken for granted.
Italy, with its cyclopean public debt and with the prospect of weaker growth, awaits the moves of the Central Bank with even more anxiety, even if Minister Giovanni Tria guarantees that the deficit/GDP ratio is 2,04%. envisaged in the budget law will be respected, there will be no need for corrective measures and the spread will continue to fall.
Meanwhile, today the differential between the Italian 0,88-year bond and the German 252.40-year bond widened slightly +2,76%, XNUMX points and the yield of the Italian benchmark rose slightly, to XNUMX%.
The raw materials moved little. The Petroleum, like Brent trades at 61,47 dollars a barrel. Gold moves in the area of 1284,7 dollars an ounce.
Euro slightly up against the dollar, at 1,138. The pound strengthens again and the exchange rate with the single currency is around 0,871.
In Piazza Affari the banks are opposed: Unicredit, +1,65%; Ubi +0,81%; Understanding +0,62%, whose CEO Carlo Messina has categorically excluded an involvement in Carige. According to Fabio Panetta, deputy general manager of the Bank of Italy, in any case it is necessary to look for a partner for the Genoese institute, which has interesting strengths for a possible buyer. Weak Bper -1,47%, while outside the main list Ps earns 1,24%, after having placed a 1 billion euro bond.
Always in vogue Juventus, which seems to want to win the Ftse Mib championship, if there ever was one.
Post +0,93%. Raise your head a little Telecom, +0,54% later the minimum reached yesterday.
The Agnelli galaxy is above all holding back the price list: Exor -1,68%; fca -1,32%; Ferrari -1,61%. It also moves back Recordati -1,6%.
