European stock exchanges accelerate downwards under the pressure of international tensions. In Milan, the Ftse Mib index falls by 0,6% just above 20.100 points. Frankfurt +0,3%, Paris +0,6% and Madrid -0,5% are also in negative territory. Pale red in London -0,09%.
The terrorist attacks in Egypt are helping to keep pressure on oil prices: Brent is up 0,83% to 55,70 dollars a barrel and Wti is up 0,71% to 52,61 dollars a barrel. Despite the rise in crude oil at Piazza Affari, the securities of the sector weaken: Eni -0,6% Saipem -0,5% Tenaris -0,8%.
The dollar gains ground against other international currencies to 1,95973 in a market that remains oriented towards the prospect of a progressive increase in Fed rates, as confirmed by the rise in yields on US Treasuries.
On the bond market, the attraction of the Bund is strengthening to the detriment of the rest of the Eurozone. The 10-year BTP weakens to 2,35%, from 2,32%. The spread goes up to 202 basis points.
The spread between the German 69-year and the French XNUMX-year period widens to XNUMX basis points, returning to the levels seen at the end of February. Latest weekend French presidential polls show far-left candidate Melenchon rising to third ahead of conservative Fillon in first round
From this morning's Istat communications we learn that the restart of industrial production in February, after the sharp slowdown in January, was less strong than expected. The month-on-month increase was 1%, against the estimated +1,5%. The December 2016-February 2017 quarter closed with an increase of 0,7%.
Space seat for Avio, the freshman of space. The company's shares gained 10,42% to 13,88 euros on the first day of trading on the Star segment of the MTA in Piazza Affari. The landing on the Stock Exchange came following the merger with the Space 2 spac. 'It is the first time in the world that a manufacturer of space launchers has been listed on the Stock Exchange. The astronaut Samantha Cristoforetti also took part in the ceremony organized in Piazza Affari.
The Italian basket of banks loses one percentage point. Intesa Sanpaolo -1%. He should be well advanced in the tender for the sale of a €2,5 billion bad loan portfolio.
B for Bank lose -2%. The assembly was held on Saturday. The list for the new board of directors presented by the historical shareholders obtained 28,5%, against 11,6% for the Assogestioni list.
Bpm bank -1%. Unicredit -0,9%. In sharp decline Mediobanca -2,6%.
Telecom Italy loses 1,5%. The first shareholder Vivendi yesterday presented his list of candidates for the new board of directors. Arnaud De Puyfontaine is indicated as the new president, replacing Giuseppe Recchi. Among the utilities, Enel -1,2%. The company completed the purchase of some shares in two Romanian subsidiaries. A2A -1,2%. Contains losses Snam which travels around 4 euros on the day in which SocGen started covering the security with a "hold" recommendation and a target price of 4,27 euros.
In negative ground fca -0,5% stm -1,4% leonardo –1%.
Under pressure Astaldi after Moody's downgraded its rating to B3 with a stable outlook on Friday with markets closed.
However, there are some positives:
– New all-time high for Moncler +1,64% at 21,73 euros.
– It shines Fincantieri + 4,20 %
- Ferrari gains ground against the trend of a European car basket down by about 0,4%.
