All stock exchanges in the Old Continent are declining before the Holidays. The declines in US and Asian price lists weigh heavily, in turn conditioned by the tug of war between Congress and Donald Trump, the rekindling of tensions with Beijing and the echo of the rate hike. A new note of pessimism came this morning from the consumer confidence indexes. The European STOXX 600 index loses 1% reaching new lows since the end of 2016. Piazza Affari leaves 1,30% on the ground just above 18.300 points. Madrid follows -1,05, on which the resumption of Catalan independence demonstrations weighs. Frankfurt -0,8 and Paris - 0,4% are also in the red, as is London.
A happy note offers it delivery hero, the world's largest online food delivery company, jumped 10,6% after announcing the sale of its German operations to Dutch-based Takeaway.com. Other European stocks linked to the food delivery sector also rose: Just Eat earn about 3%.
Confidence indices fell more than expected to 113,1, the lowest since August 2017. Business confidence is also declining manufacturing, reaching its lowest level since November 2016. The confidence of German and French consumers is also down.
The dollar traded at 1,1429 against the euro, at its lowest level in ten weeks. The figure does not favor oil, at its lowest since September 2017 at 53,31 dollars a barrel: -10% during the week.
This morning the yield differential with the German 2,75-year bond appears to be slightly widening (yield at 2,73% against the previous 28%), in a market poor in volumes. Tonight the Treasury will announce the data on the medium-term auction on Friday 27. Yesterday, with the market closed, the Ministry of the Economy said that on the occasion of the auction on Thursday 2019 December (first currency settlement XNUMX), it will make available of investors a total amount between 8 and 8,5 billion euro in semi-annual BOTs and Ctz.
They lose shots in Piazza Affari le banks: sector index -2,5%, much worse than the trend of the sector in the rest of Europe. Guide the declines today too Unicredit, which lost 3,88% to 9,81 euros, at its lowest since December 2016. Ubi and Bper also down. Mediobanca loses 3,3% after the news of the definition of the "light" pact which collects 20,73% of the capital.
Telecom Italia sold -2,5% pending this afternoon's board meeting. Growth in the main list only Stm +3% thanks to the rebound of the chips on the US markets. Exor also down -1,83% and Cnh -0,8% despite the good indications from European sales. Purchases on Diasorin +1,2% which has launched three new primers for laboratory tests.
Vola Salini Impregilo +5%, on indiscretions for the establishment of a single pole of the construction sector, led by the Milanese group. Positive Mondadori +1,8%, which benefits from the conclusion of the agreement with Reworld Media, the closing of which is expected by January.
