The European stock exchanges celebrate peace on tariffs, confirmed by both US President Donald Trump and Chinese Deputy Commerce Minister Wang Shouwen. Business Square it advances by 0,4%, around 23.400. The other price lists do better: lead the race Paris (+0,8%) ahead of Madrid (+0,7%) and the Frankfurt (+0,6%), the scene of a singular Chinese duel: the Baic group is raking in Daimler shares to double its share from 5 to 10% and thus overtake Geely, another Chinese company now stuck at 9%. The Stock Exchange makes history in itself London (+2,2%), the highest since July, in full rally together with the pound afterwards the election result.
On the other hand, the weak trend of the Eurozone economy does not weigh on the market. L'PMI index Ihs Markit's flash composite was 50,6 in December thanks to the sector's performance which rose to a four-month high at 52,4 from 51,9, but manufacturing suffered: the index, down to 45,9 , marking the XNUMXth month of decline, new export orders contracted for the XNUMXth consecutive month. “There are almost no signs of an imminent improvement”, commented Chris Williamson, head of the survey: “Growth in new orders has stalled and employment growth has almost stopped, marking the lowest value in more than five years".
Istat reports the weak trend of theinflation: the November figure (-0,2%) has been revised downwards (against the provisional +0%).
Lo spread between the 10-year Btp and Bund rates, it stood at 150 basis points from 146 at the end of Friday's session. The yield is 1,20% from 1,16% at the last close.
The value of the portfolio of Italian government bonds held by foreign subjects decreased slightly, falling in September to 701,638 billion euro from the revised 707,969 billion in August.
The prices of crude remain close to the highs of the last three months. Brent futures gained 3 cents to 65,25 dollars a barrel, while US light crude is trading down 3 cents to 60,04 dollars a barrel.
Saipem + 1,03% after CEO Stefano Cao said that the company could return to distributing a dividend in the short term.
All stocks in the main basket are in positive territory with the exception of Buzzi (-1,8%). Barclays cut the recommendation from Overweight to Underweight.
Limited impact on the price list rescue of Popolare di Bari. Unicredit unchanged, Understanding +0,4%. Contrasted trends for the rest of the sector.
Some titles of managed savings, off to a good start, are already seeing achievements in the late morning.
Fineco Bank + 0,7% General Bank -0,7% Mediolanum Bank + 1,2%.
nexi +1,6%: the merger with Sia is approaching.
Fiat Chrysler +0,4% on the eve of the signing of the memorandum of understanding with PSA which could arrive this week.
Sale Juventus (+2,4%) who will face Lyon in the Champions League match. The holders of the option rights have until 18 December to subscribe the new shares relating to the 300 million euro capital increase.
Well some utilities, starting with Snam (+1,8%) and from Terna (+ 1,1%).
In the rest of the price list, the increase of Banca Ifis (+1,6%): Banca Imi strengthened its opinion by moving the recommendation from Add (accumulated) to Buy, target price 18,10 euro.
It still goes up The Sun 24 hours (+ 3,2%).
