The European stock exchanges are holding back pending the data on US jobs to be released at 14 pm. Tonight, with the markets closed, the update of Italy's rating by Moody's will be released. The report card, also edited by Moody's, of the United States is also arriving. Standard & Poor's instead will release the opinion on the French debt.
The worst price list is Madrid -0,8%, where the conflict with the Catalan independence activists escalates. Are the big institutions fleeing Barcelona, moving their headquarters elsewhere, on the eve of the declaration of independence, as has already been done by Banco de Sabadell (soon followed by Caixa Bank). The EU commissioner for the economy, Pierre Moscovici, was clear: «A new republic would be outside the European Union. We know only one member: Spain.'
Milan follows: the Ftse Mib index drops by around 0,7% around 22.400 points. Lighter Paris losses -0,15%. In practice unchanged Frankfurt. More good news from the German economy: factory orders rose 7,8% on a seasonally adjusted basis in August, accelerating from July and above estimates.? London rises against the fall of the pound (-0,5% against the euro). The yield differential between the BTP and the Bund on the 10-year stretch stands at 175 basis points, the same level as yesterday's close, after having gone up to 183 points (high since the beginning of June) in Wednesday's session. The 2,22-year rate rises to 2,20% from XNUMX%.
Brent oil is down to 56,77 dollars -0,4%. The prospect of an agreement between Moscow and Riyadh to lengthen the agreement on production cuts raised prices yesterday. Meanwhile, in the Gulf of Mexico, the arrival of hurricane Nate has prompted some oil companies to evacuate plants and platforms. Eni? is down by 0,5%.?Saipem by 0,3%.
The landing of Warren Buffett gives wings to Cattolica Assicurazioni +15,46% to 8,43 euro. Il Saggio di Omaha, active for the first time on the Italian Stock Exchange, acquired the 9,04% of the company held by Banca Popolare di Vicenza, in compulsory administrative liquidation, and passed to a wholly owned subsidiary of Berkshire Hathaway. The consideration for the sale is equal to 7,35 euro per share, for a total value of 115,9 million. Unipol +1,25% and Vittoria Assicurazioni +1,8% also rose. Little move Generali +0,1%. The banking sector, on the other hand, was weak: the Italian sector index fell by 1,06%. Among the most penalized, Bper and Ubi mark declines of more than 2,5%, thus expanding yesterday's losses, after the guidelines on the policy of provisions on NPLs published by the ECB have increased the risks of the banking sector. In contrast Mediobanca which rises by 0,66%.
Among industrialists only Leonardo shines +1,8% supported by the improvement in the target price by UBS, which now sees a target of 17,5 euros for the stock from the previous 16,5 euros. According to the analysts of the Swiss bank,?the possible sale?of the US?subsidiary?Drs?could create?approximately 1 euro per share of greater value.?
Stm also rose +0,30% to 16,85 euros. Continues?the "money" on the whole semiconductor sector.? The Sox index of the main producers listed in the US yesterday jumped to new highs since March 2000: +33% since the beginning of 2017.
