Piazza Affari remains tonic and rises again today by 0,42% to 23.553 points, winning the pink jersey in Europe. Buzzi +2,8% Moncler +2,28%, Pirelli +2,2%, Cnh +1,94% shines, while Fos makes its debut on Aim with a bang, +40,89%, after various suspensions in volatility. The company is active in the design and development of digital services and products for large industrial groups, including international ones, and for the public administration.
In the rest of Europe, Frankfurt, Madrid, Paris and London are practically flat. In the City, LSE, which also controls Borsa Italiana, gained 2,16% on the day the assembly approved by a large majority the $27 billion acquisition of data analysis company Refinitiv, a deal designed to expand trading activities and make LSE a major distributor of market data.
The stock markets of the Old Continent consolidate the gains of the day before, finding only some hints of greater optimism in the afternoon after the slightly upward opening of Wall Street, which travels slowly, but without taking one's foot off the accelerator. The fuel for the earnings is the trade dialogue between the US and China which is proceeding positively, even if it does not yet provide concrete news to celebrate. Meanwhile, macroeconomic data reveal that tariffs are beginning to have tangible effects and the trade deficit of the United States in October fell by 5,7% compared to November to 66,5 billion dollars. However, consumer confidence fell for the fourth consecutive month to 125,5 points from 126,1 in the previous month.
The dollar does not react with particular shocks to this news and remains little moved against the main currencies. The exchange rate of the single currency against the greenback is around 1,1012. On the other hand, the pound weakens after yesterday's rally.
Also in the currency area, we note the weakness of the Brazilian real, which today hits an all-time low, breaking the threshold of 4,25 real per dollar for the first time. Among raw materials, gold moved slightly up to 1466 dollars an ounce and Brent-type oil rose to 62,81 dollars a barrel (+0,3%).
The session is negative for the Italian bond, worried by the many difficult dossiers on the table of the government and with the little comforting news about Alitalia. The spread between ten-year BTPs and Bunds of the same duration rises to 154 basis points (+2,56%), while the yield on the Italian bond is +1,16%. This morning the Treasury placed over 2 billion medium-long term government bonds: this is the third tranche of 24-month Ctz (maturity November 29, 2021) for 1,75 billion with a coverage ratio of 1,82. Rates are on the rise and stand at -0,033%. The 32nd tranche of 30-year Btpei (maturity 15 September 2041), equal to 660 million, was also placed. Also in this case the demand was strong, amounting to 971 million with a coverage ratio of 1,47. The rate of return rose to 1,02%.
The performance of Italian paper has a negative influence on banks, which weaken slightly after the recent increases. Unicredit -0,37%; Understanding -0,51%; Bench Bpm -0,38%. In asset management, Finecobank loses -0,64%. The sector most affected by sales is oil with Saipem -0,91 and Eni -0,64%. Fractional decreases for some utilities such as Italgas -0,52%; Hera -0,5%. Center a rebound Atlantia +0,38%, after the losses on the eve.
