The surge of pride of the banks does not save Piazza Affari, which today loses 0,83%, stopping at 22.641 points, in the wake of the red wave that laps all the markets. In Europe, a series of disappointing quarterly results weighed down and the indices closed down by around 1%. So Frankfurt – 1,34%; Paris -1%; Madrid -0,74%; London -0,56%. In the US, the opening is negative while waiting to understand what will happen to the tax reform and how long it will be necessary to wait to see corporate taxes drop. At the moment the main New York stock exchanges are in the red, after hitting new records in yesterday's session.
With uncertainties about reforms and weekly new jobless claims higher than expected, the dollar is losing steam, against both the yen and the euro. The cross between the single currency and the greenback exceeds 1,163 again. Among the raw materials, gold has a slight positive tone, around 1286 dollars an ounce. Oil gained momentum during the session, with Brent rising 0,87% to $64,04 a barrel.
On the secondary side, the Italian paper is losing ground and the yield on the 10-year BTP rises to 1,82%, with the spread vis-à-vis the Bund at 143.90 basis points, +1,55%.
For equities, the session was fluctuating and dominated by the quarterly results of a number of companies. After yesterday's losses, the banks are recovering thanks also to the head of the ECB Daniele Nouy who opens up to a possible postponement in the implementation of the new rules on non-performing loans, while Consob and the Bank of Italy rebound the accusations for the troubles of Come before the parliamentary committee.
Bper flies +10,33%, thanks to the accounts and the npl plan; net recovery for Ubi +4,14%; good Banco Bpm +3,85%; Mediobanca +1,81%; UniCredit +1,59%. The accounts instead penalize Azimut -5,63%. Worst blue chip is Ynap -9,23%. After much running, Stm leaves 5,72% on the ground. Sales also hit Campari and Moncler. Still weak Fiat and Ferrari, which today placed a new senior unsecured bond, the second ever for the company, with a three-year maturity and an amount set at 700 million euros, compared to an initial hypothesis of 500.
Outside the main list Astaldi suffers, -30,54%, after the announcement of a capital increase of 200 million. Geox peak -13,66%. Credito Valtellinese does not match the rebound in the sector and loses 1,44% today too. Brilliant session for Il Sole 24 Ore, +9,47%.
