European equities are negative at the end of the morning on the day in which, with Brexit, the UK will officially end its 47 years of EU membership. However, the WHO's decision to declare iThe Chinese coronavirus is a global emergency. After the cases in Italy, today it was the turn of two patients in Great Britain.
Business Square it loses 1,1% around 23.500. In the fourth quarter of 2019 GDP decreased by 0,3% compared to the previous quarter and remained unchanged in trend terms. A figure definitely below the expectations of economists. Also in the rest of the Eurozone, growth was slower than expected in the last three months of 2019: gross domestic product in the 19 countries that share the euro increased by 0,1% on a quarterly basis, +1,0% on annual basis.
The other stock exchanges are also in red: Paris - 0,56%. Essilor/Luxottica -1,35%. Equita examines the effects of the closure of the Donguan plant in China until February 9th.
Frankfurt . Madrid yields 0,9%. The results of the Spanish lenders are contrasting: more than doubled, while Banco Sabadell plunges nearly 11% after declining profit in the fourth quarter.
London -0,8% The pound continues to strengthen following the Bank of England's decision to leave interest rates unchanged.
The title Amazon, after the announcement of the results, is a strong growth in trading in Europe with an 8% increase compared to the day before.
Bonds always well bought in terms of risk protection. 0,41-year Bund -0,92%, Btp 2%, -1,4 basis points. Estimated inflation in the Eurozone in January grew by 1,3%, as estimated, a slight increase from the previous +XNUMX%.
Il Petroleum almost completely resets the +2% of this morning, Brent +0,2% at 58,50 dollars a barrel. WHO has said it is not necessary to block planes and transport to stop the spread of the infection. Saudi Arabia wants to set an emergency OPEC+ summit in February. Eni sells 1,2%, Saipem -2%.
All 40 Blue Chips in Milan are in red with the exception of Atlantia + 1,7% Leonardo +3,2% and Amplifon (+ 0,6%).
Profit-taking is taking place in Utilities. Enel -1,5%, down from the highs of the last 20 years. Ivy -1,56%.
Banks are paying for the negative macro picture, even as Goldman Sachs strengthened the Buy Up view Unicredit -1,8% Bpm bank -3,1% and Where's Banca -1,8%. More cautious judgment on Banco Bper -2,31%, which remains Neutral.
Breathe in luxury Tod’s +1,5%, which closed the fourth quarter of 2019 with revenues up by 1,7%, beating market expectations. Sales for the whole of 2019 fell by 2,6% at current exchange rates to 916 million, above the consensus.
Still down though Moncler -0,4% like Ferragamo on which Equita cut the target price from 18 to 16,80 euros, Hold judgment confirmed.
