Stock markets in the Eurozone closed essentially positive, at their highest for four months, at the end of a quiet afternoon also due to the absence of wall street, celebrating President's Day. Paris + 0,3% Madrid +0,35%; flat Frankfurt. Lose London, -0,26%, while Brexit is also tearing apart the Labor Party, with seven MPs announcing a farewell following Jeremy Corbyn's support for the process of leaving the European Union.
Business Square it is once again the best, +0,58%, 20.329 points, above all thanks to the banks and Telecom. The credit institutions remain on the shields trusting in a new Tltro to support the European economy, after the statements of the ECB adviser Benoit Coeure in the last eighth. On this possibility, the CEO of Bpm bank (+1,42%) Giuseppe Castagna observes, for example, that the bank he leads has almost 20 billion of Tltro, so "we would like it if the operation were renewed, it is an opportunity to be able to plan calmly also the return to the market that we should and would have done in any case”. Trust is also good for bonds: lo spread between Btp and Bund years it falls to 265.30 points (-3,07%), the yield on the Italian 2,77-year bond falls to XNUMX%. However, the specter of a corrective maneuver does not go away and today the undersecretary to the presidency of the council Giancarlo Giorgetti admits for the first time that the government will verify "in the coming months" whether an adjustment will be needed to meet the deficit and debt objectives agreed with the Commission European.
After the earnings of the Asian ones, the Old Continent's price lists are toned up by the optimism on the negotiations between the USA and China, with the continuation of the talks this week in American territory. However, the auto sector is crying, after the publication of data on January sales in the Celestial Empire (-15,8% on an annual basis) and the news that the US Department of Commerce has delivered a report to President Donald Trump according to which imports of vehicles would pose a threat to national security. The dossier sets the stage for a tariff increase of up to 25% on cars produced outside the United States, with the White House now having 90 days to decide whether to introduce the new taxes.
In that case the European Union would be ready to respond quickly and to the appropriate extent.
THEeuro it recovered slightly against the dollar, with the exchange rate around 1,13. Oil, Brent, rises to 66,52 dollars a barrel, +0,61%. Gold is increasingly attractive is touching the highs for ten months. It is currently at $1326,54 an ounce.
In Piazza Affari the biggest increases of the day are driven by Ubi (+3,91%), which has launched a covered bond with a maturity of 25 September 2025 of 500 million euros 'no grow', with orders exceeding 2,7 billion euros.
Up Unicredit (+3,15%); today is the news that the Turkish subsidiary Yapi Kredi will not distribute a dividend on 2018.
Telecom +3,19%, further driven by the possible increase in CDP's stake up to 10% of the capital. Juventus + 2,54%.
Luxury is back in fashion with Ferragamo +2,06% and Moncler +1,54%. Good asset management and oil.
At the end of the main list: Brembo -1,27% Pirelli -0,99%; Amplifon -0,86%; stm -0,71%; Terna -0,49%.
