Business Square he saved himself from sales and closed a volatile session with a draw (23.707 basis points) conditioned by the Chinese syndrome on the markets, from East to West. The Milanese price list is supported by stm +6,55% later year-end accounts and forecasts for the current year. Ivy +3,11%, which touches the historical maximum. It should be noted that the US fund Lazard Asset Management LLC recently exceeded the threshold of 5% of the capital of the Emilian multiutility. Terna +1,67%, on new highs and with a new capitalization record (12,5 billion euro); Italgas+ 1,33%.
The rest of Europe was in the red, disturbed by the declines in Asian stock exchanges and by the jarring opening of Wall Street, currently down with the banks and some disappointing results. The American economy also worsened in December beyond analysts' expectations.
Frankfurt loses 0,92%; London -0,87%; Paris -0,65%; Madrid -0,61%.
THEeuro slipped on the dollar to a six-week low after the press conference by ECB President Christine Lagarde, at the end of the meeting which left monetary policy unchanged. “Growth in the Eurozone continues, but at a moderate pace – argues Lagarde – therefore it will continue to be supported by favorable financial conditions” and an “accommodating” monetary policy. The situation could remain like this throughout the year, because the ECB will review its “entire strategy: how we achieve our goals, what tools we have at our disposal and what our communication is like. It will be a wide-ranging exercise that will last throughout 2020”. The single currency is currently down 0,44% against the greenback and is trading at 1,1042.
However, after the long run on the markets, what frightens and pushes profit-taking is again, above all, the coronavirus which, from the heart of China, is reaching all continents. Today is the news of a passenger disembarked in Paris with the symptoms of this new pathology. There are 25 dead and over 600 people affected, while three Chinese cities are in quarantine and the WHO believes that the spread is easier than expected, a sneeze could suffice rather than direct contact as previously thought. Be that as it may, the fear that a new Sars will slow down the world economy still sends down the Petroleum: Brent -1,84%, $62,05 a barrel. In the general uncertainty, however, gold regains momentum and moves in fractional progress to 1563,65 dollars an ounce.
Appetite is also back on the Italian menu: digest the resignation of Luigi Di Maio as political leader of the 5 stars BTPs are bet on in view of the regional elections. The spread between the Italian and German ten-year bond it falls to 160 points (-3,44%) and the yield on the Italian bond falls to 1,25%.
The negative blue chips of Piazza Affari are led by Moncler, -2,77%. Luxury also suffers with Ferragamo, -1,6%. Bad oil, starting from Saipem, -2,19%, after yesterday's slide. Among the industrialists Pirelli loses 2,5%. The company reports that its major shareholder, China National Chemical Corporation Ltd. (“ChemChina”) and Sinochem Group Co are planning a strategic reorganization.
Down Prysmian -1,77%. fca -1,42%. Benefits taken up Diasorin -1,47%.
Banks weaken after the ECB: Bpm bank -1,77%; Ubi -1,1%.
Out of the main basket Unieuro, -7,63% (13,32 euro per share) is approaching the price of 13,25 euro of the sale to institutional investors of 17,6% held by Ieh, through the 'accelerated bookbuilding' procedure.
