Nervous and uncertain European markets, with sales accelerating towards the closing followed by Wall Street. After yesterday's records, the New York market appears particularly volatile: it starts badly, turns upwards and then returns largely negative. Among the reasons for uncertainty returns the epidemic that started from China, which shows signs of slowing down in the celestial empire, but is starting to expand beyond those borders. The American super-index of the economy is better than estimates, but the Federal Reserve, in the minutes published yesterday, observes that the coronavirus is one of the new risks to the outlook, while the ECB's minutes show the director's willingness to keep rates negative to support the area. Meanwhile, there is no agreement among European leaders on the budget of the euro area. In this context continues to run thegold, currently trading at $1625,45 an ounce. Salt the Petroleum, encouraged by a lower than expected rise in US weekly inventories: Brent +0,46%, 59,38 dollars a barrel. The dollar stay on the shields and theeuro trades at 1,079.
So, at the end of the session: Frankfurt -0,9% Paris -0,8% Madrid -1,49% London -0,32%.
Business Square it is the worst, -1,56%, but remains above 25 points (25.080). The banks are in fibrillation. Raise your head Bper, +1,62%, under pressure in recent days due to the decision to increase capital with the intention of purchasing 400-500 branches in the case of the Ops Understanding (-2,05%) on Ubi (-2,15%) was successful. However, the operation launched by Carlo Messina today encountered a first obstacle: hostile and unacceptable offer, supports the consultation pact which holds 17,8% of the share capital of Ubi. If the attempt were to up the ante, the CEO of Intesa nips it in the bud: "there is zero probability of increasing the price of the offer".
In this stalemate, a part of the investors decided to cash in on credit securities. The worst is Unicredit -2,93%.
In the rest of the list: they suffer Diasorin -2,97%; nexi -2,87%; Recordati -2,75%.
Atlantia, -2,73%, closes negative but recovers from the lows reached following the approval of the Milleproroghe decree yesterday in the Chamber. A step that brings the possible revocation of concessions by the government closer. From Brussels, however, Prime Minister Giuseppe Conte invites the top management to come forward: "The government - he says - is conducting this revocation procedure, it is in the interest of the counterparty, of Autostrade, possibly to make a settlement proposal that the government would even have the duty to evaluate" .
Purchases reward Tenaris +3,7%, despite the negative accounts; Saipem +1,11%; fca +0,07%%.
Lo spread upward adjustment: 137 basis points (+1,66%); the Italian 0,93-year yield is XNUMX%
