Blitz of Piazza Affari, which changes pace in the afternoon and manages to close in progress (+0,43%, 18.969 points), a session born under the worst auspices (-3.% at the opening), due to the resurgence of Covid cases in Beijing and the United States.
To give gas to the Milanese price list are in the first place Exor +3,77% and Nexi +3,43%. Ferragamo caps earnings at 2,42%, after several suspensions at auction. The Florentine maison remains at the center of attention after the reorganization of the governance and the return of Michele Norsa, who is fueling speculation about possible sales intentions by the family.
They are especially the banks however to make, in the last hour of trading, an almost total turnaround. In the end Intesa went up +0,28%, which remains in the spotlight for its public exchange offer on Ubi +2,01%. Today's news is the supplementary agreement signed by Bper, +0,92%, to bring home a greater number of branches than expected, at the end of the Ops, they will be 532 and not 400-500 as originally indicated. A move that should serve to respond to the findings of the Antitrust. Mediobanca did well +1,47%, while Unicredit remained down -0,59%.
Bonds improve slightly: the spread is practically unchanged, -0,15%, 184 points; but the rate of the 10-year BTP is reduced compared to Friday at 1,4%. The other European squares limited the losses in the final: Frankfurt -0,39%; Paris -0,49%; Madrid -0,39%. London is the worst, -0,73% while the tight deadlines for an agreement with the EU make a hard Brexit increasingly likely, even if Boris Johnson is optimistic.
Wall Street, after a sharply declining start, limited the damage but remained in negative territory (DJ- 1,2%), due to fears of a second wave of infections, with 21 states registering a significant increase in recent days of the sick. For Professor William Schaffner of the Vanderbilt University School of Medicine "the second wave has already begun".
Euro-dollar little moved, around 1,1273. Gold is moving downwards, although it remains above 1726 dollars an ounce. Oil remains vulnerable to the bad epidemiological news, but recovers positions and is currently trading in mixed conditions: Brent +0,65%, 39 dollars a barrel; Texan crude worse, -0,28%, 36,16 dollars. The oil companies of Piazza Affari recover, Saipem +2,18%; tenaris +0,1%; Eni -0,08.
In top ten of the biggest rises the main Milanese list also includes Recordati +2,44% and Amplifon +2,86%. Utilities are up, Snam +2,34%; Terna +2,18%; A2a +2,28%. Banca Generali gains 2,05%, with a positive indication from UBS, stopping in contrast with the asset management sector, where Azimut loses 0,81%.
The biggest discounts are those of Telecom -1,95%; Campari -1,88%;; Prismian -1,07%.
