Milan takes courage after a slightly downward start. In the middle of the day, Piazza Affari rose by around 0,35% around 18.750 points, in line with Frankfurt (+0,4%), despite the drop in the Ifo index on German business confidence. Brake Deutsche Telekom (-1%) after the brilliant start for the US green light for the merger between the subsidiary T Mobil and the American Sprint, which came after both of them gave up using Huawei technology, which received the authorization to test 5G in India.
In negative ground Paris and Madrid (-0,1%), as well as London.
The bond markets moved little a few hours after the start of the Federal Reserve meeting, preceded by Donald Trump's furious warning against the probable increase in US rates. The Btp/Bund spread widened slightly to 272 points. The yield on the Italian 2,967-year bond rises to 2,955%, from 2,94% at yesterday's close, up from the low since the end of September reached last week in the 2018% area. The Prometeia institute has cut its estimate of Italy's GDP for 2019-2019. Growth in 0,5 is expected to be 0,9% (2018% in October), while that of 0,9 is expected to be 1% (1,136% the previous year). The euro strengthens to 0,4 against the dollar, from +XNUMX% yesterday. Gets better Moncler (+2,4%) after the latest reductions. HSBC reiterated its "buy" on the stock. Also bounce for the rest of the luxury including Savior Ferragamo (+ 0,73%).
The automotive sector, one of the most rewarded sectors in Europe today, is also on positive ground: Fiat Chrysler +1,3%; Pirelli +0,1%. Still negative but above the lows Cnh: according to Mediobanca, the company will greatly benefit from the agreement on agriculture between the US and China.
He misses out Tim (-0,8%). The government has no intention of strengthening the share, just under 5%, held by Cassa Depositi e Prestiti, said the deputy prime minister and economic development minister Luigi Di Maio.
Plus sign for banks. Unicredit (+0,4%) reached a definitive and settlement agreement of the dispute relating to the cashes with the Caius Capital fund, which should have paid 90 million euros to avoid further legal troubles. General Bank -1%. It highlights Mediobanca +2
The drop in oil stocks weighs on European lists. BP e Total both lose more than 1%. Down too Shell, following reports from Bloomberg that the company is negotiating the purchase of Endeavor Energy Resources for approximately $8 billion. At Piazza Affari Saipem -1% Tenaris -0,7% ed Eni -0,4%.
Oil slipped below the $58 barrier in the Brent version, a price not seen since approximately mid-2017. Reuters reports that Russia's oil production will hit a record 11,42 million barrels per day this month, up from 11,41 million in October, itself an all-time high. US shale oil stocks in Texas are also at record levels.
