Milan closed just below parity, -0,14%, 22.209 points, an overall weak session for the European stock exchanges which, after the awakening with the victory of the Independentists in Catalonia, did not find positive ideas in the afternoon even overseas. The worst place is Madrid, -1,19%, followed by Paris, -0,39%, Frankfurt, -0,28%, London -0,15%.
Wall Street opens cautious and is currently moving in negative territory, indifferent to the fact that Donald Trump, as promised, today signs the tax reform by announcing on Twitter: "I will sign the largest tax cut ever in the Oval Office". The tenant of the White House also gives the green light to a measure, approved yesterday in Congress, which allows the government to be financed until January 19, avoiding a shutdown at midnight today in Washington. However, the start of the Santa Claus rally (a growth phase between now and January 3) seems to be postponed at the moment.
The euro weakens slightly against the dollar and the cross returns to the 1,184 area. In terms of currencies or rather cryptocurrencies, the collapse of Bitcoin was recorded which, in 24 hours, burns about a quarter of its value and, in a week, shrinks by 40%. It could be the showdown, if you think, like UBS, that Bitcoin is "the biggest speculative bubble in history" or "a plague" as Charlie Munger, Warren Buffet's right-hand man, says. Others, however, believe it and some, in recent months have enriched themselves enormously. Goldmann Sachs is looking at the phenomenon with interest and for this reason it is reportedly working on the creation of a trading desk active in the digital currency markets.
Remaining in more traditional areas, gold recovered, appreciating by 0,6% and reaching over 1274 dollars an ounce. Oil consolidates gains, Brent $64,94 a barrel, up 0,06%.
In Piazza Affari, sales are concentrated on banks: Bper -1,97%; Unicredit -1,61%; Banco Bpm -1,32%. A peak Carige, -12,87%, after the data on the subscriptions of the capital increase lower than expected. The fact that Malacalza has invested 25 million instead of 50 in the purchase of the unopted one weighs heavily. Rebound for Banca Generali +0,79%.
Losses for Ynap -1,32% and Leonardo -1,05%. Purchases reward Buzzi +1,8%; Recorded +1,51%; Luxottica +0,78%; Tenaris +0,75%. Out of the main basket, Anima Holding takes off +6,57%, after the announcement of the agreement to strengthen the partnership with Poste Italiane (-0,63%).
Finally, a positive session for the Italian secondary market: the yield of the 10-year BTP remains in the 1,9% area, however the spread with the Bund improves, closing at 146.70 points, -2,46%.
