Peak banks and skyrocketing Ferraris lead Piazza Affari to close the session down by 0,21%, at 19.730 points. The mood of investors weighs today on Istat data on GDP for the fourth quarter of 2018 (-0,2%) which certifies the technical recession of the country. The problem could also be stagnation in 2019, as many institutions seem to predict at the moment. In an initial phase, the main price list thus manages to lose more than 1%, only to then recover in the final stages.
Composed of the reaction of the bond: the spread between German and Italian 243.30-year bonds rises to XNUMX points basis (+0,83%), albeit with the yield of the BTP down very slightly to 2,59%. A trader explained to Reuters that the data release does not good gives rise to a double interpretation. In this period, the market-friendly trend seems to prevail, due to the expectation that the ECB will postpone the timing of a tightening of monetary policy.
Contrast the other European squares, while on Wall Street the Dow Jones, which started in red, is catching up. Frankfurt closes flat, -0,06%, worried by Deutsche bank (-3,91%), after Bloomberg wrote in the morning that DB could look towards a merger with Commerzbank (-6,72%) within the middle of the year if its performance will not improve in the first three months of 2019.
The day is particularly nervous for the credit sector also due to the news that the European Commission accuses eight banks, whose name is unknown, to have been a cartel in the trading of government bonds in the euro area between 2007 and 2012. Sales prevail in Madrid -0,18%, while Paris and London are positive (+0,36% and +0,46% respectively).
Different speeds are recorded in New York for now, after yesterday's rally following an increasingly "patient and flexible" Federal Reserve. The Nasdaq is driven by Facebook, +12,98%, thanks to a record quarterly, while the Dow Jones retreats slightly, with disappointing data from Microsoft (-1,49%) and DuPont (-7,65%). Donald Trump's many tweets on the deal with China then provide a still opaque picture of the prospects for a future agreement.
The euro-dollar is in the 1,145 area. The rush of gold does not stop, which is at 1321,33 dollars an ounce. Oil, like Brent, appreciates by 1,04% and rises to 62,18 dollars a barrel; while the WTI is down by 0,24% to 54,1 dollars a barrel. In Piazza Affari the session is particularly brilliant for Ferrari, +11,02%, rewarded for the 2018 accounts, with profit growing by 20%. The prospects for 2019 are excellent, with an estimated growth in revenues of 3% to 3,5 billion euros.
Sitting on the shields also for Telecom, +4,97%, in the wake of the news that the American fund Elliott has risen to 9,4% of the group (it was 8,8%). Recordati did well, +3,98%, on the eve of the last day of the takeover bid launched by the CVC fund, through Rossini Investimenti, on 46,7% of the share capital. The takeover bid went practically deserted. Lin Juventus he reverses course and returns to growth after beating on the field in the Italian Cup: +1,97%. Saipem up +2,39%. Only for the banks is it a real caporetto: Bper -6,07%; Ubi -4,72%; Banco Bpm -4,86%; Unicredit -4.%; Understanding -3,21%.
