European stock markets are proceeding in the red towards the end of a mixed week. Weighs black smoke at the European Council: after six hours of (remote) confrontation, Italy has not signed the final document in the absence of any opening on Coronabonds. The Eurogroup has given itself two weeks to overcome the deadlock.
A Business Square at 12:21 the drop reaches 2,6%, below 17 thousand points. Similar situation on other markets, which ignore the rises in Asian stock exchanges and the US measures which today will receive the OK from the Chambers. Frankfurt loses 2,1%, Paris nearly -3% equal to Madrid. Worst of all it does London (-3,80%), demonstrating that the impasse of the EU is not the key element to explain the general malaise. A red start is also looming for the US markets, now the country most affected by the epidemic.
THEeuro dollar weakens after four straight days, to 1,100.
Il Petroleum Brent is down 2% to $25,8. Nigeria, Saudi Arabia's ally in the price war, is pumping to capacity, but if the price stays there, it will shut down less profitable fields.
It weakens the BTP at 1,31%, +10 basis points. The spread compared to the Bund, traded at -045%, it rises to 175 points. On Tuesday, the Treasury will offer up to 8,5 billion euros of BTPs, of which up to 5 billion euros on ten-year maturities.
The yield of the Bot at six months (+0,55%) at this morning's auction: it hasn't happened since December 2018.
The outbreak convinced Greece to suspend a bond issuance in the first quarter.
As expected, the Istat index of the business and household confidence. Prometeia has cut its growth estimate for Italy in 2020 due to the impact of the coronavirus, bringing it to -6,5%, with a debt/GDP ratio at the end of the year at 150%.
Among the few rises on the share price list, the one by stands out Ivy (+2,7%) promoted by analysts after the accounts. Salt too stm, in the wake of chip sector recoveries. Retrieve locations too Cnh (+ 0,8%). Exor flat, Ferrari + 0,2%.
The financial sector is very volatile. Mediobanca leaves 5,3% on the ground, Unicredit 4,5%. Down too Understanding (-2,7%). The association of European banks (EBF) has written a letter to the regulatory authority (EBA) in which it asks for relief on the terms of the accrual of the dividend: a compromise solution could be a postponement of the distribution to the autumn.
Losses greater than 5% for Finecobank ed Azimuth. Passive analogous also for nexi.
In sharp decline among the industrialists Fiat Chrysler (-3,7%).
Fincantieri (-2,33%) announced that the suspension of work in its shipyards and offices, both in the cruise and military sectors, will be extended until 3 April.
Mediaset +3,2%. The CEO of the German broadcaster ProSiebenSat.1 Media, Max Conze, has resigned with immediate effect. The news came a few days after the rise of Mediaset in the capital of the German group.
In strong recovery Rcs (+3,2%). Berenberg cuts the target price to 6,5 euros.
Rest (+0,3%) is in talks with airports, motorway operators and other lessees in Italy and abroad to cut the fixed component of lease payments or make it variable and link it to revenue trends, according to a source close to the company .
