European stock exchanges are holding back under the pressure of oil prices. In Milan there is growing expectation for the offers on the Veneto banks which will have to reach the advisor Rothschild by today. The index Ftse Eb it retreats by around 0,3% around 20.700 points. The losses in Paris were more marked around the percentage point: the first parliamentary crisis of the Macron era broke out, with the resignation of François Bayrou. Weak banks also a Frankfurt (-0,8%) And Madrid (-0,7%). Also London is in red (-0,3%).
The pressure on oil prices continues. Brent fell by 0,5% to 45,8 dollars. Saudi King Salman has appointed by royal decree his son Mohammed, 31, new crown prince, thus replacing Mohammed bin Nayef. The young Mohammed, who has also been appointed deputy prime minister with the functions of defense minister, has long been the director of the kingdom's oil policy.
Eni, after a very bad start, reduces losses to 0,5%. The oil group has signed an agreement with the Iranian company National Iranian Oil Company (NIOC) to study the development of a gas field (Kish) and an oil field (Darkhovin) in the south of the country, a prelude to a possible return of the Italian group in the mining sector in Iran. Saipem -1,61%, unchanged Tenaris.
Among the utilities Enel earn 0,6%. On the contrary, they retreat Telecom Italy (-0,6%) And Mediaset (-1%). Sales affect all sectors and financial stocks in particular: the European Stoxx index of Insurance loses 1,3%, Banks -1%.
French insurance Axa loses 2,6%. Unipol -1,5%.
Among the Italian banks Unicredit drops by 1,4%. Understanding -0,4%. should take, at a symbolic price, a part of the assets of the two banks: the State should enter the game with a recapitalization of 5 billion euros, resources to be allocated to cover the losses generated by non-performing loans. Intesa may have presented an offer for both banks, subject to a preventive intervention by the State. Bpm bank -1% Ubi -0,6% B for Bank -0,2%.
Banca Carige -0,93% on the day in which the board of directors meets, which should appoint Paolo Fiorentino as CEO and take decisions on assets: the most probable scenario is that of an amount of around 500-600 million.
The two big Parisians, Société Générale and Bnp Paribas, lost respectively 1,9% and 1,6%. Credit Agricole e Natixis they fell between 1,9 and 2,4%, making the French blue chip index the worst in Europe today. Deutsche Bank and Commerzbank leave about 1,7% on the ground.
Il differential the Italy-Germany yield on the ten-year segment is worth 162 basis points, on the lows of the last five months. Germany placed 809,3 million euros in the reopening of the 30-year Bund in today's auction. In detail, the yield fell to 1,02%.
Bearish pressure is strong up Yoox net a Porter (-2,5%). Among the companies of Luxury, Moncler -2%, penalized by the news that the managing director Remo Ruffini has sold 10.000 shares in recent days at a price of 21,26 euros.
Fiat Chrysler down 1,3%, Prysmian -0,6%. They are positive stm (+ 0,4%) and Leonardo (+0,5%). Lastly, good growth for Autogrill (+1%), which benefits from the positive recommendation of HSBC, which has started the coverage with a Buy rating and a target price of 13,10 euros.
