The European price lists have not moved much pending the signing of the trade agreement between China and the United States. Business Square is, together with Madrid -0,2%, the weakest list, with a decrease of -0,6%. Slight progress on other markets: Paris + 0,2% Frankfurt +0,1%. Better London +0,5% but against a marked drop in the pound after the publication of some data which show the slowdown of the economy. The month-on-month GDP in November fell by 0,3% compared to October. Growth on a year-on-year basis instead weakened to 0,6% yoy. While industrial production also decreased in November by 1,2% on a monthly basis and by 1,6% on an annual basis. The change pound/dollar stands at 1,296 while the exchange rate euro/pound is at 0,857. Boris Johnson has set his divorce from Brussels for January 31st.
Assets deemed less risky than stocks are being sold. L'gold it is down to 1.550 dollars an ounce, -0,7%. Friday completed the fifth positive week in a row.
The German bund is trading at -0,18% yield, the highest level since May. Btp at 1,38%, +5 basis points.
Petroleum it is little moved at 65 dollars a barrel. In Milan they retreat Tenaris -0,1%. Saipem -0,7%.
Cold shower for Prysmian down -1,8% in late morning (-3% the low) after the company announced that the Western Link was down last Friday, adding that investigations into the causes are underway.
In sharp decline Atlantia -1,9% after new statements on a possible revocation of the concession. At the moment, the market supports the thesis that removing the management of motorways from the holding company is a process that is difficult to implement and is looking at an agreement that involves a reduction in tariffs or in any case an economic cost for the group. But a hypothesis is making its way: a part of the majority, Italy Viva in the lead, could cause Autostrade to "go bankrupt", forcing it to fold. By revoking the concession, the government would effectively strangle Autostrade. But the rescue entrusted to Salini-Impregilo would be ready, in which the share of CDP today equal to 18,6% would rise.
Down Ivy -1,2%, Fidentiis and Mediobanca reject the review of the business plan. He misses out Diasorin -1,3%, Bofa cuts from Buy to Neutral, target 121 euros.
In slight progress Fiat Chrysler +0,1%. In an interview with the French newspaper L'Est RepublicainJean-Philippe Peugeot, head of the family holding, confirmed the clan's willingness to increase the stake on the occasion of the merger. The Peugeot family can increase its stake to up to 2,5 percent, rising to 8,75 percent by acquiring shares from French state-owned investment bank Bpifrance Participations and China's Dongfeng Motors.
The lights of the Stock Exchange are also focused on Renault (-2,5% in Paris) in the process – writes the Financial Times – of separating definitively from Nissan. The French company's front-line executives, writes FT, would be stepping up plans related to the "secret emergency project" to stem the continuing effects on the twenty-year automotive alliance of the fall of Carlos Ghosn. The plans, according to various sources, include a total division into engineering and production, as well as changes to the board of directors of Nissan.
Little moved bankers. Ps down about 2% after Friday's double-digit jump on rating agency Moody's promotion, which triggered re-covers.
Among the minor titles they fly Propeller+8% and Friulchem + 6%.
