The Italian stock market was thwarted after the breakup at the beginning of the week: weak start, reaction to the rise shortly after ten. Slightly down (-0,33% below 19.200) around 13.30pm. The other markets of the Old Continent were weak: Frankfurt and Paris -0,3%, London -0,23%. Positive Madrid +0,1%. The euro weakens to 1,131 against the dollar.
This morning the EU commissioner Pierre Moscovici he said that “the Commission is open to dialogue because it is within a common framework that we have to find a solution and this common framework is the eurozone”, whose “rules are neither rigid nor stupid. They are flexible." Then he specified that "changes are possible and necessary".
The spread rose slightly to 291 basis points, +1 basis points, 3,26% for the ten-year yield.
The Treasury has placed Btpei expiring on May 15, 2023 (1 billion euro at a yield of 1,45%) e ctz maturing in November 2020 (the yield falls to 0,995 from 1,626, the lowest since September.
The spread rose slightly to 291 basis points, +1 basis points, 3,26% for the ten-year yield.
The auctions of medium/long-term securities scheduled for 13 December 2018 have been cancelled. This was communicated by the Ministry of Economy and Finance. The decision was motivated by "the large availability of cash" and the "reduced financing needs". All the other auctions scheduled for December will take place regularly.
New warning signs are popping up in the real economy. The manufacturing business confidence index in November it fell to 104,4 from 109,0 in October. The consumer confidence index also recorded a heavy setback, falling to 114,8 in November from 116,5 in October.
Try to trace the oil: Brent +1% to 61,1 dollars a barrel. The market is convinced that, despite opposition from Donald Trump, OPEC will cut production by about one million barrels a day on December 6.
Saipem it dropped 1,6% after the leap on the eve, even if Exane Bnp Paribas today raised the rating to "outperform" from "neutral". In the field Eni yields 0,6%. Tenaris -1,4%.
After Monday's run, banks lost 0,3% even after the target cuts made by Morgan Stanley on various institutions. Bper drops by 3,5%, Understanding flat. Advance Bank Generali +3,3%, Banca Mediolanum slows down -1,7%. Unicredit -0,6%. Strong swings for Carige + 5,9%.
Fiat Chrysler +0,51% stabilizes after the leap forward on the eve of the news of the possible sale of Comau for a price between 1,5 and 2,0 billion euros, approximately 15/20 times the operating profit.
Slightly down Telecom Italy -0,5%. The Finance Commission Senate approved overnight the two amendments by M5s and Lega which encourage aggregation between telephone networks.
Among the minor titles Cellular Line +1,9% at 8 euros after a distribution agreement with Samsung.
leap of zucchi +9,3%: the BoD approved the signing of nine contracts with Descamps to strengthen the commercial partnership between the parties.
