Weak stock markets and flickering trading in the last meeting of 2017. After the announcement of the election date, Piazza Affari left more than half a percentage point on the ground, the worst price list of the session. The index Ftse Eb it slipped below 22 points. The other Eurozone price lists are also in red: Frankfurt e Madrid -0,3% Paris -0,1%. In positive ground only London (+0,3%), outside the common currency area.
THEeuro in fact it is close to the highs for a month on the dollar at 1,1975, in a context of general weakness for the greenback penalized by the rebalancing of positions in view of the end of the year.
Data on theGerman inflation, expected by the markets in terms of the ECB. Spanish price data will also be released later in the day.
Start of session down for i BTP, on which the political risk weighs again, in the aftermath of the next elections. The rate on the ten-year benchmark rises to 1,98% from 1,95% at yesterday's close: the yield has risen by about thirty cents from the lows of early December. The spread between BTPs and Bunds at 10 years it reaches 155 basis points from 153 at yesterday's close.
In November, the portfolio of Italian government bonds in the hands of banks operating in the country dropped again, falling to its lowest level since September 2012. According to preliminary ECB data, the value of the portfolio stood at 347,3 billion in November from 362 at the end of October. The amount of the portfolio has remained above 400 billion continuously from May 2013 to October 2016
Still uphill oil prices, the highest since mid-2015. New purchases were triggered in the wake of the latest weekly data which signaled an unexpected drop in US production and a reduction in commercial crude inventories, while in the background the output cuts by OPEC and from other producing countries. Brent futures trade at 66,4 dollars a barrel (+0,4%), while WTI breaks through the 60 dollar barrier.
Saipem (+0,7%) is the best blue chip in Piazza Affari. Eni -0,43%.
Weak banks. Back off Ubi (-1,2%) which it received from the European Central Bank the minimum capital solidity targets which provide for a Cet1 Ratio of at least 8,625% and already take into account the integration of the three 'good banks' acquired a few months ago. As at 30 September, Ubi had a solidity index of 11,54% at full capacity, almost 300 basis points above the targets.
An agreement has been finalized for the sale of the assets of Aletti Gestielle da Bpm bank (-0,9%) ad Soul Holding (-0,2%). The price paid by Anima is 700 million, and will be subject to "adjustments according to the terms agreed and announced at the beginning of November".
The pressing of the European Central Bank continues on Banca Carige, unchanged. A board meeting is expected at the end of January to take stock of the plan for 2020 Valtellinese credit (-1,8%): the capital increase should start on February 5th.
Falck Renewables marks new highs for the period at 2,14 euros, +3%. Lavaredo, a newly incorporated company designated by Burlington Loan Management, completed the purchase of 44,86% of Prelios (+0,2%). Lavaredo is now required to promote a mandatory takeover bid on all the ordinary shares of Prelios.
Dolphin, Leonardo Del Vecchio's finance company, entered with 6% in the capital of space4 (+0,3%), vehicle Spac.
