After yesterday's gains, European stocks are back in the red with oil. In the afternoon, the inspiration of Wall Street is missing, closed for the Thanksgiving holiday. Piazza Affari loses 0,69%, 18,602 points, penalized by oil stocks: Saipem is in the dark, -3,36%, followed by Eni -2,13%. The banks that stop in random order are volatile; Banco Bpm, +2,98% is today's best big cap.
The session is positive for bonds: the yield on the Italian 3,4-year bond is 306.70% and the spread with the German 2,42-year bond drops to XNUMX basis points (-XNUMX%). Evidently the market is hoping for dialogue between Rome and Brussels, in view of the Conte-Juncker dinner on Saturday, After the rejection of the Italian maneuver by the European Commission.
However, the placement of the Btp Italia is disappointing and makes us think, collecting 2,16 billion against the 3,6 billion in May and ends with the second worst result ever (for retail it is the negative historical record). France, on the other hand, places 8,3 billion euros of medium and long-term government bonds with negative rates, a sign that investors are willing to "pay" in order to put their money into safe investments.
Prudence is in the air like the seasonal cold. On the eve of Black Friday, day of discounts for the start of Christmas shopping, consumer confidence in the Eurozone is down more than expected: the preliminary reading for November by the European Commission sees the index drop by 3,9 points, against a consensus of -3 (-2,7 the October survey).
The losses are even more significant on the other lists: Frankfurt -0,96%, Paris -0,75%, Madrid -0,71%. London, -1,24%, is the worst place and is partially penalized by the increase in the pound with the progress of the Brexit agreements. The exchange rate with the single currency is 0,8860. The euro moved little against the dollar, around 1,14. Brent-type oil dropped 1,17% and fell to 62,74 dollars a barrel. Gold is well tuned at 1227,74 dollars an ounce (+0,14%).
In Piazza Affari Telecom loses 1,88%, while Palazzo Chigi issues a note stating that The government is working to make the deployment of a single telephone network attractive and denies the existence of a secret spinoff project on the tables of the Ministry of Development. The Mise, he writes, "has not received any secret project on the unbundling of the Telecom network" and "with the amendment to the tax decree law, the conditions are created to make the creation of a single ultra-broadband network attractive and sustainable".
Bright red for Unipol -2,08% and Buzzi -1,99%. On the purchasing side, among the banks, Bper shines, +0,58%. In asset management, Azimut +0,62% and Banca Generali +0,28% did well. In green Brembo +0,73%.
