Business Square, queen of Europe in 2019, closes in the penultimate session of the year, -0,59%, 23.780 points, thanks to profit-taking and the recent resignation of the Minister of Education Lorenzo Fioramonti, which could represent a weakening of the executive. The red of the Milanese price list contrasts with the green of the other European markets, close to all-time highs in the wake of the endless rush of Wall Street. Frankfurt +0,25%; Paris +0,13%; Madrid +0,35%; London + 0,17%.
New York, after a new record start, seemed a bit volatile in early trading, but currently the three main listings are making slight progress and are still protagonists of the long rally triggered 15 days ago by the announcement of the achievement of a trade agreement, phase one, between the US and China. Yesterday the Nasdaq it closed for the first time at 9000 points and is currently over this threshold. Purchases are also encouraged by the improvement in Chinese economic data, which showed a rebound in profits in the industrial sector in November, while yesterday the upward push came from the boom in Christmas sales, especially online, of consumer goods in the US.
On the money market theeuro it is recovering against the dollar to 1,117 and slightly down against the pound to 0,8535. The British currency benefits from statements by the president of the European Commission, Ursula von der Leyen, according to which the EU may need to extend the deadline for talks on new trade relations with London.
THEgold proceeds up by 0,27% and moves around 1518,45 dollars an ounce. The Petroleum it is positive at 68,15 dollars a barrel, +0,37%. Even the WTI improves, 61.62 dollars a barrel (-01%), after a drop beyond expectations in US crude inventories (-5,474 million barrels; expected -2,1 million).
In the oil sector, it is one of the best stocks on Piazza Affari Saipem, +1,98%, thanks to new contracts in various areas for 1,7 billion dollars (1,52 billion euros). Among the blue chips the first of the class is still nexi +3,12%, which updates its record to 12,22 euros per share, while Kepler Cheuvreux analysts bring the target price from 10,2 euros to 11,5 euros after the agreement with Intesa Sanpaolo and confirm the indication to keep the shares in the portfolio.
The crunches in the government favor a partial recovery of Atlantia +0,71%, after the crash of the last session. Well Recordati +0,63% and utilities: Terna +0,91%; A2a +0,35%; Snam + 0,34%.
Sales penalize Unipol -2,28%; Leonardo -2,23%; Telecom -1,94%. Declining banks from Understanding -1,9% and Unicredit -1,66%. According to the Abi-cerved report, the stagnation of the Italian economy will cause a rise in the deterioration rates of loans granted to businesses next year and in 2021, even if the newfound financial solidity of the latter, also witnessed by the Monetary Fund, will allow limiting the return to a modest increase.
Out of the main list it is flat Interpump, +0,14, which announces that it has entered into a binding agreement to acquire 60% of the engineering company Transtecno for 22 million euros plus approximately 500.000 Interpump shares already held by the group.
Lo spread it is improving, according to the Italian and German ten-year benchmarks compared on the Stock Exchange website: 163 basis points (-2,73%), with the yield of the BTP at 1,37%. The increase in the yield differential between Btp and Bund, which was witnessed between September and December, is the main reflection "of internal political tensions - writes the ECB in the Bulletin updated to the data of 11 December - which, as such, they had no spillover effects on other euro area countries”.
