Weak closing for European stocks, with Business Square slightly against the trend (+0,12%, 24.4507 basis points) above all thanks to Exor, +4,08%. In the morning, the Milanese price list even touched the record since 2008, only to then retreat slightly.
More backward Frankfurt -0,15%; Paris -0,23%; Madrid -0,05%; London -0,22%. Of the opposite sign Wall Street, started in the red, but now on a fractional increase. salt Tesla, which has reopened its Shanghai plant.
After the progress of the last eighth, the economic and political climate probably weighed on the Old Continent's stock markets, in addition to the global uncertainties induced by the coronavirus temporarily stemmed by the moves of the central banks starting with the Chinese one which injected liquidity for 129 billion dollars . In Europe it destabilizes the German situation, after the step back of Angela Merkel's natural heir, Annegret Kramp-Karrenbauer, who will not run in the next elections and will only keep the leadership of the party until another candidate is found. In Ireland on the other hand elections have been registered the historic claim of Sinn Fein, political expression of Sinn Fein, already close to the positions of the IRA. A result that has weighed on the banks of Dublin. On the economic front Italian industrial production fell for the first time since 2014 in 2019: -1,3%, with the car diving, -13,9%. In addition, the Parliamentary Budget Office, a body called upon to validate the government's objectives, said in a note that GDP growth in 2020 will be 0,2%, against the +0,6% estimated by the executive.
In this climate, the dollar is increasingly asserting itself as a safe haven currency and dominates theeuro. The exchange rate between the single currency and the greenback moved at 1,0915.
The session looks positive for thegold, up 0,3% to 1578,25 dollars an ounce, while oil is once again on the sell-off. Brent -1,89%, 53,43 dollars a barrel.
In Piazza Affari the match on the Ftse Mib was played today almost entirely at the Agnelli house. In fact, the financial Exor sits on the podium, after the announcement of the negotiations with Covea for the possible sale of Partner Re, a sale that would allow for an abundant capital gain. On the opposite side of the list there are Cnh, -2,18%, which suffers from the negative scenarios induced by the dreaded Chinese virus, e fca -1,83%. Moderate progress for Juventus, +0,22%, despite the crushing defeat against Verona.
In the rest of the basket it shines nexi, +3,481%, which still cultivates the hope of a merger with Sia. Asset management stands out among the financial ones: Azimuth +2,95%. In cash General Bank, +2,44%, which shows accounts with net growth in profits and managed assets, bringing the pay-out to 79% and the dividend to 1,85 euro per share. Well Ubi, +0,64%, which improves operational management, reduces non-performing loans and strengthens capital. The dividend increases by 8% compared to last year, 0,13 euro per share and will still be cash, guarantees the CEO Massiah. Below Bpm bank -0,72%. Mediobanca -0,76% Understanding -0,69%.
In fashion Moncler recovers and rises by 2,63%. Among the industrialists Prysmian + 1,86%.
The sell-off hits oil stocks Saipem -1,36%; Eni -0,98%.
After Fitch's confirmation on Italian debt, with a BBB rating (negative outlook), the spread rose to 139 points, but the yield on the Italian 0,94-year bond remained at XNUMX%.
Tonight with the market closed, the Treasury will communicate the terms of the medium and long-term placement on Thursday's agenda, in which the three- and seven-year BTP benchmarks should be reopened, possibly together with an extra-long.
In addition, the Ministry of the Economy has entrusted a group of banks made up of Goldman Sachs, Morgan Stanley, Nomura, Societe Generale and Unicredit with the mandate for the syndicated placement of a new 15-year BTP benchmark maturing on 01/03/2036. In a note it is specified that the transaction "will be carried out in the near future, in relation to market conditions".
