The financial week in Europe begins in deep red, repeating the difficulties of Asia, weighed down by the decline in Chinese exports. In December, the country's exports fell by 4,4%, from +4% in November. The slowdown of the Dragon economy weighs on luxury: Moncler -3,6%. In Paris lvmh retreats by 3%, Kering -2,2%.
The worst price list is Milano (-1,25%), just above 19.000, in line with Madrid. They do little better Paris (-0,9%) And Frankfurt (-0,7%). On the eve of vote on May's Brexit plan, London falls by 0,9%. The market is hoping for a lengthening of the times, as some British media precede.
Meanwhile, Eurostat (the Statistical Office of the European Union) has released data relating to industrial production of the euro zone, which fell by 1,7% in November.
Il BTP at ten years it trades at a yield of 2,88%. The spread it widens to 267 basis points (+6,4 basis points). The euro moved little at 1,146 against the dollar.
Il Petroleum Brent falls to 59,3 dollars a barrel (-1,8%). Saudi Energy Minister Khalid Al-Falih told CNBC that Russia would cut oil production at a slower-than-expected rate and that OPEC would meet its commitments to cut output.
Saipem -1,5%. Eni -1,64%. This morning HSBC confirmed the Buy judgment, but lowered the target to 17,50 euros from 19,50 euros. Today the group and Oman Oil Company Exploration and Production signed an EPSA relating to Block 47. Over the weekend Eni acquired a stake in two offshore concessions in Abu Dhabi, entered the Emirate of Shrjah and signed a memorandum to explore the Block 1 in the Kingdom of Bahrain.
At the center of sales in Piazza Affari are the banks. Mount Paschi, after several suspensions, it retreats by about 7%. The ECB has established, as a preliminary step, the minimum threshold in terms of capital ratios, Common Equity Tier 1 at 11%. Reuters writes that the bank's management is working on issuing a Tier2 subordinated bond.
Banco bpm -3,8% Unicredit -2,6%, Ubi Banca -3,1% e Understanding -2,3%. salt Dobank (+3%): JP Morgan raises to Overweight.
Tim -0,5%: the board of directors meets this afternoon, the request for an extraordinary meeting presented by Vivendi is on the agenda.
stmicroelectronics -0,4%. In the fourth quarter of 2018, Dialog Semiconductor's revenues amounted to 431 million euros, on the low end of the targets.
Slows Fiat Chrysler (-1,6%). CEO Mike Manley speaks at the Detroit auto show today. Pirelli -1,3%.
Once again among the best titles emerges Juventus (+ 0,7%).
Out of the main list, sapphire +1,1%: Mediobanca raises recommendation to Neutral from Underperform.
