European stock exchanges recover from the lows of the opening. Frankfurt it is up 0,2%, flat Paris. Slightly down Business Square (-0,09%) And Madrid (-0,10%). London marks an increase of 0,3% at the beginning of the new pitched battle in Parliament. Today we vote on the implementation law of the agreement on Brexit, the Withdrawal Agreement Bill (Wab), which will allow a return to voting on the agreement, after yesterday the speaker of the House, John Bercow, rejected the government's proposal to hold a new vote on the agreement without any changes. Boris Johnson could finally win on points, but it is already looming the risk of returning again. The GBP recovers positions up to the threshold of 1,30 against the dollar.
On the European lists it rears up Just Eat (+22%) after the purchase offer launched by Prosus. Brake Reckitt Benckiser (-3%) after the accounts for the quarter.
Bene ubs (+ 1,35%).
A climate of expectation prevails on the markets, with eyes always focused on tariffs and Brexit. The yield of ten-year BTP it drops to 0,92% from +0,98% yesterday evening, with the spread once again below 130 basis points. Sources close to the Ministry of Economy report that the government is not worried about the letter sent by the European Commission to ask Italy for clarification on the maneuver for 2020.
The prices of Petroleum they are stabilising, influenced on the one hand by bearish forecasts for US inventory build-up and on the other by signs of progress in trade talks between the US and China. Futures on Brent they are gaining 27 cents, or 0,46%, to $59,23 a barrel. Eni + 1% Saipem -1%.
Banks are lagging after recent gains.
Mediobanca (+0,3%) reset this morning's losses. Morgan Stanley cut the recommendation from Overweight to Equal Weight.
Unicredit (-0,8%) falls after having done better than the index in recent sessions. The CEO, Jean Pierre Mustier, is considering transferring some of the most valuable assets to Germany to revive the shares' prices. Mustier will present on December 3, as part of the new industrial plan, a scheme for setting up a new sub-holding in Germany which will merge the foreign operations. The bank is also speeding up the cleaning up of assets and meditating on the launch of a maxi-securitization of over 6 billion euro of non-performing loans. Ps -2,2%.
On the shields the managed. Well Soul Holding (+1%): in recent days Berenberg has started hedging with a 'buy' and a target of 4,5 euros.
New historic record for Poste Italiane (+1%): Goldman Sachs raised its recommendation from Neutral to Buy, target price 13 euros.
stm (+1,1%) supported by positive indications from AMS. They also go up Infineon e Asml, among the best titles in Europe.
Flat Tim (-0,1%) after the appointment of Salvatore Rossi, former director of the Bank of Italy, to the presidency.
The automotives stand out: Brembo + 1,5% Ferrari + 1% fca -0,5%. The president of Renault does not rule out a reopening of negotiations for a possible integration.
Cheetah (+1,71%) recovers part of yesterday's decrease after the results.
