The European Stock Exchanges are in negative ground. Investors are already focused on Fed meeting starting today in Washington and will end tomorrow, with the release of a statement in which the central bank will take stock of the state of health of the US economy. The slowdown in oil also weighs.
Business Square it lost around 1,23% in the middle of the session, more than Paris -0,9%, Frankfurt -0,6% and London -0,5%. The worst market is Madrid -1,48%. The yield differential between the BTP and the Bund on the 10-year stretch rises to 107 basis points from 103 at the end of yesterday's session, thanks to the fact that the Bund rose slightly after a negative start. In parallel, the 1,35-year rate fell to 1,31% from XNUMX% at the last close.
The euro loses share against the dollar at 1,108, from 1,110 at yesterday's close. The descent continues Petroleum: after losing 2,1% yesterday, Brent crude dropped another 2,7% this morning to 38,4 dollars a barrel. Wti down 2,7% to 36,2 dollars, down 3,4% yesterday. In Europe, energy stocks fell (Stoxx of the sector -1,7%), conditioned by the drop in crude oil. Eni loses 1,5%, Tenaris -1,4%, Saipem -1,7%. In Paris Total loses 1,4%.
Piazza Affari toasts today to Campari +1,14% after the announcement of the next one Friendly takeover bid on Grand Marnier for 684 million euros. On the other hand, Tod's loses ground -4,4% after the final data for 2015. This morning JP Morgan reduced the target price to 70 euros from 74 euros. The recommendation remains Neutral.
It deflates speculation about Mount Paschi -4,5% after yesterday's leap linked to rumors about pressure from Matteo Renzi to marry the Tuscan bank. Meanwhile, the Ministry of the Treasury, thanks to the payment of the dividend in new shares, could rise from 4 to 7% in Mps.
Down too Intesa Sanpaolo -1,42% to 2,64 euros. The bank is negotiating the exclusive sale of over 3 billion euros of consumer credit. The potential buyer, as Reuters reported yesterday evening, is Christofferson Robb & Company (CRC), a specialized company that has already secured a loan from a banking pool led by Banca IMI, an investment bank of the same Intesa.
Stocks are down industrial: Finmeccanica -2,1%, StM -1,1%, Fiat Chrysler -0,9%. Cnh Industrial -1,8% and Buzzi -2,4% also fell. Enel drops by 0,2%, Atlantia -0,8%. Telecom Italia advances by 0,5%, Mediaset -1%.
