Contrasted session for the European price lists that end the day just below parity. It's no exception Piazza Affari which closes trading down by 0,2% to 23.801 points, weighed down by the utilities that pay for the rise in yields on government bonds worldwide.
THE EUROPEAN EXCHANGES
Less than 24 hours from appointment of the new president of Catalonia by the Parliament, the worst of the mainland exchanges is Madrid (-0,38%), on which regional uncertainty continues to weigh. Carles Puigdemont has requested immunity in order to be able to participate in the investiture session, the only way to be re-elected. In parity Paris (-0,14%), weak Frankfurt (-0,12%) after yet another scandal involving the auto sector. According to the German press, Volkswagen, Daimler and BMW used monkeys and human guinea pigs to test the emissions of diesel vehicles. Instead, it saves London (+0,08%)
WALL STREET IN RED
After the rallies of the past few weeks, profit-taking dominates on Wall Street in anticipation of the important appointments scheduled for the week. In addition to the quarterly reports from the tech giants, eyes are on Donald Trump's speech tomorrow, January 30, and the outcome of Wednesday night's FOMC meeting.
In red the Dow Jones, which loses 0,43% to 26502 points. Bad too S & P 500 (-0,49% at 2858 points) and the Nasdaq (-0,46% to 7471 points). Remaining in the technological list, it is necessary to point out the performance of Apple Lossless Audio CODEC (ALAC), down by almost 2% (-1,9% to be precise) on the rumors relating to the possible cut to the production of the iPhone X following lower-than-expected sales. In just one week, the Cupertino colossus burned 45 billion dollars of capitalization, now equal to 858,8 billion dollars.
GOVERNMENT BONDS AT THE TOP
Government bonds and above all the rise in their yields condition today's stock market trend: the spread between BTPs and Bunds it closed down by 2,84% to 134 basis points with a yield of 2,03%, on the highs of the beginning of the year. In this context it should be emphasized that the yield of gUS overnative at 10 years it recorded a surge to 2,71%, that of Waist at 10 years it rose to 0,68%, while the BTP maturing in August 2017 reached 2,03 percent. This morning, the Bobl, a 5-year German bond, returned to offer a positive yield for the first time since January 2015 in line with the upward trend in rates both in Europe and in Asia and the USA.
EURO AND OIL
The prices of Petroleum discount the weakening of the US dollar last week: Brent settles at 69,45 dollars a barrel (-1,45%), Wti drops to 65,25 dollars a barrel (-1,25%). On the currency front, theeuro it moves to 1,2360 against the dollar, returning below the psychological threshold of 1,24.
STM AND LEONARDO RUNNING IN PIAZZA AFFARI
In Milan, he wears the pink jersey stmicroelectronics (+2,26%) which benefits from the increases that have characterized the entire sector arrived by virtue of Intel's quarterly (which despite the losses due to the US tax reform has exceeded analysts' expectations), and the improvement in sales targets of the Austrian Ams.
Also up sharply Leonardo (+1,58)%, thanks to the positive expectations on the new business plan which will be presented tomorrow and the new valuation by Kepler Cheuvreux which confirmed the "hold" recommendation on the stock and the target price at 12 euros. The declarations of today's French and Italian ministers also gave force to the title, opening up the possibility of establishing further partnerships in the defense sector and in space.
Up too Brembo (+1,13%), contrasted the banks: Understanding is the best, with an increase of (0,79%), well too Bpm bank (+0,74%). Down Unicredit (-0,45%), unchanged Ubi Bank.
UTILITIES IN RED
At the bottom of the FTSE Mib are utilities and oil companies. The worst is Saipem (-2,24%), badly Eni (-1,07%) And Tenaris (-1,38%). In red the utilities affected by the upward trend in interest rates and government yields: A2A (-1,4%) And Terna (-1,26%), Italgas (-1,13%) Enel (-0,8%) And Snam (-0,5%). Down too Recordati (-1,33%).
POLYGRAPHIC AND MONRIF FLYWHEEL
Outside the Ftse Mib it is impossible not to mention the performance of Editorial polygraphs which recorded an increase of 17,96%, bringing the account from the beginning of the year to +77,3%. Shopping rain on Monref (+20,37% to 0,26 euro) in the wake of last week's increases by the entire Monti Riffers group.
On the other side of the fence, it closed sharply lower Cattolica Insurance (-5,16%) after the rally achieved in the last two months. The company has presented today the new business plan expects operating profit to rise by 60% and dividends by 50% in three years, and many investors took the opportunity to start profit-taking.
