Business Square it closed on the threshold of 20 points (19.989), up by 0,93%, with asset management stocks rallying. The positive phase of the bond sector also continues: lo spread between the Italian and German ten-year bond falls to 265.90 basis points (-2,21%) and the yield of the BTP falls back to 2,78%. The performance of the auctions of medium-term bonds in the morning contributed to the good climate in the session, with yields down to the lows of last May.
Even today the flywheel of the markets is the was a US-China deal on duties, on the eve of the talks that will start tomorrow in Beijing. For the Chinese press, there may also be a surprise speech by President Xi Jinping. In Washington it is also hoped that President Donald Trump will sign the bipartisan agreement on security funds and prevent a new shutdown, while the January reading of US consumer prices is unchanged compared to the previous month and offers no footholds for a possible the Fed's hike in the cost of money.
In this climate Wall Street opens in tune and European stocks closed in the green, shrugging off worries over a stronger-than-expected drop in eurozone industrial production in December. A minus sign that arrives for two consecutive quarters and actually signals a technical recession (+1,1%, however, the annual figure).
Frankfurt climbs 0,38%; Paris +0,35%; London +0,82%. Only Madrid remains flat after the rejection of the 2019 budget law proposed by the socialist government of Pedro Sanchez, which paves the way for early elections.
The euro is down slightly against the dollar at 1,128. Oil, on the other hand, accumulates gains, galvanized by OPEC cuts and unconcerned by the weekly increase in US inventories; Brent 63,67 dollars per barrel (+2%).
Gold is positive, currently at 1312,63 dollars an ounce (+0,14%).
The session of the Ftse Mib is led by Finecobank +4,99%, Azimut +4,17%; Banca Generali +4,1%. Prysmian rebounds +3,49%, Ferragamo remains on the shields +3,05%. Mixed banks: on the one hand Ubi -1,03%; Bper -0,56; Banco Bpm -0,33%; on the other Unicredit, +2,16%. Modest profit taking on Stm -0,37%.
