Uncertain financial markets, under the pressure of the epidemic in China and the echo of the tug of war in Davos between the European Union and the USA: Donald Trump threatens duties on cars if levies are imposed on the giants of the web. On the contrary, the US president argues that relations with China "have never been so good". The worst stock exchange is Milan -0,3% around 23.700 points. The fear of a government crisis weighs especially on the banks and on the spread. The yield on the 8-year BTP rose by 1,45 basis points to 172%, the highest since August. The spread rose to a maximum of 1,42 basis points, before falling to 166% and XNUMX basis points. Di Maio today announces his resignation from the leadership of the M5S before the elections in Emilia-Romagna. Meanwhile, two other Grillini parliamentarians have left the group for a total of 31 since the beginning of the legislature.
Copious sales, thanks to the atmosphere of political crisis, even on banks. Unicredit leaves 3% on the ground, Intesa Sanpaolo 1,2%, Bper 2,5%. Banco BPM -3,4%: the Board will propose the former president of CDP and Montepaschi Massimo Tononi as the new president of the institution. L'Di Maio's farewell to the role of head of the Five Star team in government was instead greeted by the rise of Atlantia +2,1%. In this context, industrial production takes the lead. In November, industry turnover remained unchanged compared to the previous month (+0,1% year on year), orders -0,3% (-4,3% year on year). Overseas orders fell 7,3% year over year and 0,7%
During the session, the initial gains of the other stock exchanges decreased: Paris +0,12%, Frankfurt +0,2%, London flat. In the morning, the German stock market hit a new all-time high. Daimler -1,1%, closed 2019 with a preliminary Ebit of 5,6 billion euros, halved from 11,1 billion in 2018. The German group has launched a profit warning on Mercedes' results because the expected additional expenses of pending legal proceedings and measures related to Mercedes-Benz diesel vehicles in various regions (estimated between 1,1-1,5 billion) will have a negative impact.
Oil prices are down -0,7% Saipem is down sharply -3,64%: Bofa cuts the recommendation from Neutral to Underperform, target €3,50. The threat of tariffs on cars slows down Fiat Chrysler a little -0,1% (more American than European), while Ferrari +1,84%. The Promotor study center forecasts +5% for the Italian market in 2020. Stm positive +0,3%, on the eve of the presentation of the accounts. Telecom Italia loses further blows -1,5%. Kepler raised the target price from 0,65 to 0,75 euro, Buy judgment confirmed.
In the rest of the list:
Trevi Finanziaria retraces -7,4% after the leap on the eve (+24%).
Banca Popolare di Sondrio -2,6%. The Board announced that it had not accepted the request of the shareholder Amber Capital for admission to the shareholding structure, emphasizing how it had exceeded the 1% limit on share ownership.
Digital Bros. -0,6%. The company will proceed with the purchase of all the assets held by Smilegate Holdings in the Swedish Starbreeze for 19,2 million euros.
