Share

Contrasted stock exchanges but Piazza Affari holds up thanks to utilities

In a session still conditioned by the hi-tech that is knocking out the American Stock Exchange, Milan holds: FtseMib +0,55% thanks above all to Terna, Snam and Enel – Stmicroelectronics sinks after Nvidia stops testing self-driving cars – The other European price lists thwarted: Paris and London did well, Frankfurt badly – ​​The markets reject the Fincantieri plan.

Contrasted stock exchanges but Piazza Affari holds up thanks to utilities

Contrasted closure for the European lists, London +0,64%, Paris +0,29%, Frankfurt -0,25%, dominated by uncertainty following the pressure on technology stocks that is still taking place on Wall Street today. The Nasdaq is currently down more than a percentage point, with Amazon intimidated by Trump's fiscal threats. Netflix is ​​also bad, while Facebook is little moved. Tesla sinks for the second day in a row, after the accounts and the stop to experiments on autonomous driving by Nvidia.

Piazza Affari accelerates in the finale and files an ups and downs session: +0,55%, 22.331 basis points. Purchases reward defensive securities such as utilities, which are also well bought in the rest of Europe thanks to the leap of the British United Utilities, promoted to Hold from Sell by Cfra. Terna increases +4,77%; Snam +4,66%; Enel +3,71%; A2a +2,41%. Positive Recordati +3,07%.

The worst big cap is stm, -5,32%, in line with the sector. Buzzi is also bad, -2,45%, after the accounts. Fiat, -2,01%, was affected, like its European rivals, by the developments of the dieselgate in the USA, where a spotlight was turned on BMW. Down Saipem -1,3% and Leonardo -1,26%.

Out of the main list echoes the thud of Fincantieri, -14,49%, after the 2018-22 plan presented yesterday evening. Banks in no particular order: Unicredit shines +1,29%, but the landslide Mps -2,32% does not stop.

The euro loses share against the dollar and drops to 1,234 (-0,48%), also following a strengthening of the greenback on Forex with the US GDP figure for the fourth quarter, +2,9%, higher than expected.

The rise of the dollar penalizes thegold, down to 34,6 euros per gram (-0,74%). Weak oil, with disappointing data on US weekly inventories. Brent $68,82 a barrel, -0,92%.

The session is positive for bonds: the yield of Btp 10 years drops to 1,76; the spread with the Bund narrows to 125.20 basis points.

comments