The Bull returns to the markets and forces the dreaded Chinese coronavirus into a corner, at least for one day. The rebound is generalized in Europe and also Wall Street upside, but the best is business square, +2,61%, which flies again to 24 points (24.027). All blue chips are in green and the brightest is Atlantia +6,38%, which turns out to be decidedly optimistic about the concessions after the downsizing of the 5 Stars in Emilia-Romagna. Undersecretary Giancarlo Cancellieri, however, who seemed open to a hypothetical rethinking of the revocations, wrote on Facebook in the evening: "Black on white: the 5-star movement wants and asks for the revocation of the concessions to the Benettons".
Utilities and banks are picking up after the ECB's report card and the further drop in the spreads. The spread between 10-year BTPs and Bunds of the same duration drops to 140 basis points (-3,96%) and the yield on the Italian 1,02-year bond stops at 1% after having cut the 2021% threshold downwards, as it had been since November. In the meantime, the three days of Italian government bonds got underway on the primary market: in the morning the Treasury placed a Ctz (November 5) and a 3,25-year Btp, indexed to inflation for a total amount of XNUMX billion euros with negative yield.
In the rest of Europe: Frankfurt +0,89%; Paris +1,07%; Madrid +1,29%; London +0,99%. On the other side of the Atlantic, New York continues to grow, waiting for the quarterly Apple Lossless Audio CODEC (ALAC), (+2,4%), tonight, after the closure of the American stock exchange, and the decisions of the Fed, tomorrow, at the end of the first monetary policy meeting of 2020. The "demon", as President Xi Jinping defines the mysterious coronavirus , could cost the heavenly empire 1-1,5% of GDP and this would spill over into world growth. In such an uncertain context, Jerome Powell's tone could turn out to be more accommodating than expected, even if no interventions on rates are expected.
On the currency market the dollar remains well tuned, with the main safe-haven currencies, the yen and the Swiss franc. L'euro it remains weak against the greenback and trades at 1,101.
Among the raw materials the Petroleum attempt a recovery, after the recent hemorrhage. Brent crude rose by 1,23% to 59,30 dollars a barrel. Gold weakens, with February 2020 futures at 1567,95 dollars an ounce (-0,6%).
Returning to Piazza Affari, the best performances of the day after Atlantia are those of Post +4,18%; Ivy +4,04%; Nexi +4,04%; Italgas +4,03%; Finecobank +3,83%; A2a +3,52%; stm +3,48%; Ferrari +3,41%. Among the banks the best are Mediobanca + 3,14 %, Ubi +2,87% and Unicredit + 2,48%.
