Business Square archives another session up, +0,72% (22.303 points), after having danced almost all day alone, in a European panorama that finds a better intonation in the finale and has remained at its highest for about 9 months. Frankfurt consolidates the positions reached, +0,2%. I'm making slight progress Paris +0,23% and Madrid + 0,28%. London it loses 0,65%, while the economic damage from the pandemic is rising, which risks worsening with a Brexit without a trade agreement. According to the estimate that the parliament provided to Finance Minister Rishi Sunak, in fact, the United Kingdom will have an unprecedented collapse in GDP in 2020 (-11,3%), while the expected rebound in 2021 will be less powerful than expected previously and the estimate goes from +8,7% to +5,5%. A return to pre-pandemic levels is conceivable only in 2022, but yesterday the British central bank warned that a no-deal exit from the EU would have an even heavier impact on the British economy than Covid. In this context the GBP it is little moved against the euro. The single currency, on the other hand, continues its march against the dollar and trades above 1,19.
overseas, Wall Street after a negative opening, on the eve of the Thanksgiving holiday, she moves uncertainly. The Nasdaq is flat, while the Dow Jones, which exceeded 30 points yesterday for the first time in history, is down by about half a percentage point.
Macro data weigh in mixed light, while the publication of the minutes of the last Fed meeting is awaited this evening. What causes alarm, in particular, is the unexpected increase in requests for unemployment benefits presented for the first time last week. The growth is seen in relation to the explosion of new Covid-19 infections, the restrictions imposed on businesses and the increase in layoffs, facts that undermine confidence in the recovery of the labor market.
The price lists are not moved at the moment, in Argentina on the sad day of death of Diego Armando Maradona.
Do not lower the pens Petroleum: the Brent (48,25 dollars a barrel, +1%) and Wti (45,56 dollars a barrel, +1,43%) contracts both rose, to their highest levels since the beginning of March, still supported by the optimism sparked by results of the first vaccines against Sars-CoV-2 and waiting for OPEC+ to extend production cuts next week. Gold, on the other hand, remains timid, registering an increase of 0,2% to 1811,9 dollars an ounce (+0,25%).
In Piazza Affari, oil stocks suffer modest losses, after the recent and important recoveries in a black year: Tenaris -0,96%; Saipem -0,41%. Bucking Eni, +0,6%. Profit-taking penalizes Atlantia -1,34%; Cnh -0,84%; Exor -0,81%. It stops in pale red Snam (-0,4%) after presentation of the new plan to 2024 which provides for more investments and a goal of zero net emissions by 2040.
The price list is led by Inwit +4,16%. Asset management titles are also picking up: Azimuth +3,29%; Banca Mediolanum +2,62%; General Bank + 2,32%.
Banks have slowed down today. The weakest, among the big names, is Bpm bank -0,34%; the best Entente +1,37%. The euphoria does not stop Creval (+3,8%), 11,35 euros per share. A value above the price of the Credit Agricole takeover bid announced at 10,5 euros, in a market that awaits the response of the Valtellinese institute to the offer and which seems to be betting on a small upward adjustment.
Also off the main list Aeffe experience the Chiara Ferragni effect with a stellar performance (+17,7%). After agreement with Monnalisa (today -8,77%) announced in recent days, the famous blogger has signed a multi-year licensing agreement with Velmar, a company of the Aeffe group specialized in the production and global distribution of underwear and beachwear collections. This contract serves to grow the brand founded by Ferragni with the symbol of the eye all over the world, through the structure of the group which, in addition to Alberta Ferretti, manages the production and distribution of brands such as Moschino and Pollini. The first collection, the result of the new collaboration, will be the one dedicated to the autumn-winter 2021/22 season.
The bond is stable: lo spread it rises to 114 basis points (+0,71%), but the yield of the BTP remains at a minimum, +0,57%.
