Wall Street's uncertainty slows down, but does not slow down European stock markets, which close the first session of the week positively. Business Square it is the best and rises by 1,21% to 19.586 points, driven by the banks. The wave of confidence in the sector comes from the "stakes” set by the ECB, lower than the capital ratios achieved by institutions in December. A surprise that makes ex-popular people breathe a sigh of relief, with Bpm bank, +7,03%, in the lead, which Frankfurt has reduced the requests for the second pillar requirement.
It lowers it contextually spread to 277.10 basis points (-5,46%) and the Italian 2,89-year yield falls to 5%, after last week's bad performance. Here's a toast to the solidity of the banks and perhaps also to the electoral outcome in Abruzzo, given the weakening of the XNUMX stars.
Bene Frankfurt + 0,99% Paris + 1,06% Madrid + 0,9% London +0,84%. TO New York the start on the upside, but volatility prevails right now and the Dow is pale red.
On the other hand, many major issues still remain to be resolved. In particular that of duties, pending the resumption of negotiations between the US and China on Valentine's Day. There are also fears of a new block on the federal government's activity due to frictions on immigration and in the absence of an agreement with the Democrats to finance the wall with Mexico that Donald Trump wants.
Even in Europe, there is no shortage of reasons for concern. Italy-France relations continue to creak, while the attack on the Bank of Italy by government officials leads the vice president of the European Commission, Valdis Dombrovskis, to recall the importance of preserving the independence of the central institution. On the macro front, there was a slowdown in the British economy (+0,2% in the fourth quarter) in yet another crucial week for Brexit.
Back the GBP (0,87 the euro exchange rate), while the dollar assumes the role of safe haven and rises against the main currencies. The cross between the single currency and the greenback slipped to 1,128.
THEgold it weakens and drops to the 1309 dollar an ounce area. The strong dollar also weighs on the Petroleum, -1,37%, 61,25 dollars a barrel.
In any case, today we are celebrating in Piazza Affari and the only negative headline on the Ftse Mib is fca, which loses 0,38%.
Among the biggest gains of the day there is Azimuth +3,98%, with the CEO Pietro Giuliani who sees his creation as attractive to other players in the sector. Bper +4,15% is one of the best banks, also following last week's important news: the purchase of 100% of Unipol Banca and 49% of Banco di Sardegna. Ubi +2,96
Well there Juventus, + 3,07%. Enel it rose by 0,74%, with the Fitch agency improving the long-term rating bringing it to “A-” from the previous “BBB+” and confirming the short-term one at “F-2”.
Out of the main list in dust Bank Ifis +14,98% after the accounts and the record profit of the fourth quarter of 2018.
