Stock exchanges, the vaccine chaos weighs on Europe: Agnelli and banks are bad

The financial climate in Europe remains disturbed, due to the pandemic and its effects on mobility and economic growth. The continental markets closed the first session of the week in deep red, after an attempt to recover in the mid-afternoon in the wake of US big tech stocks, which started up while waiting for the quarterly accounts. The Nasdaq moved to new highs, but then abruptly reversed course, producing a further domino effect on European stock markets, this time negative. 

Business Square it lost 1,6% and slipped below 22 points (21.735), weighed down mainly by industrial stocks and banks. For the bond market, however, the session is green with hope, probably because the prospect of an end to Conte two in favor of a government of national unity (perhaps a Conte ter) is preferable to the market for the elections. This seems to be the scenario that is being envisaged and it is possible that the premier goes up to the Quirinale between today and tomorrow.

Lo spread between the ten-year Italian and German bonds it falls to 123 basis points (-1,57%), while the Btp rate falls to +0,64%.

In the rest of Europe, Frankfurt, in the final stages, dropped by 1,62%. Worrying about the update of the Ifo index, a gauge of German business confidence, which fell from 92,2 points in December to 90,1 points in January, the lowest for six months. A trend that increases the uncertainty about the European recovery, together with the delays in the delivery of vaccines. A problem that has led the European Commission to ask pharmaceutical companies for clarity on distribution, to verify that consignments destined for EU states are not diverted elsewhere. Among other things, today is the news that the pharmaceutical company Merck & Co (down on the Dow Jones), has decided to suspend the development of its two anti-Covid 19 candidates, after data from clinical trials conducted on vaccines showed a disappointing immune response. The company will therefore focus on curative medicines for the disease induced by the new coronavirus.

Bad too Paris -1,57%; Madrid -1,73%; London -0,8%

THEeuro it is moving weakly, in the wake of the deterioration in German business confidence. The exchange rate with the dollar fell by 0,35% to 1,21. The raw materials are not moved. The future gold February 2021 loses 0,16%, 1853,30 dollars an ounce. The contract Brent April 2021 is flat and trading at $55 a barrel.

The final photograph of Piazza Affari, you see Cnh down 4,87%, worst blue chip of the day. On the same wavelength stellantis, -4,65%, which convened the extraordinary shareholders' meeting to approve the distribution of up to 54.297.006 ordinary shares of Faurecia and 308 million euros, i.e. the proceeds received by Peugeot for the sale of ordinary shares of Faurecia in October 2020. He is in pain Exor -2,72%. The negative trail continues Leonardo -2,9%.

The day is black for the banks: Unicredit -4,25%; Understanding -3,24%; Bper -3,01%; Bpm bank -2,6%. Down there Popular of Sondrio -5,34%.

Losses for nexi -4,02% and Banca Mediolanum -2,97%.

Oil stocks also sell. Eni -2,21%. The six-legged dog has reached an agreement to acquire Spain's Aldro Energia as part of a plan to strengthen its portfolio of energy and gas retail customers in Europe. The Italian group has announced that its gas and energy division has acquired 100% of Aldro Energía Y Soluciones Slu from Grupo Pitma, to enter the Iberian market. The agreement also includes the acquisition of the back office company Instalaciones Martìnez Dìaz.

On the opposite front it is still affirmed Diasorin, +2,69%, which sees business opportunities on the diagnostic front in the difficulties of the vaccination campaign. 

Well the utilities: Terna +1,67%; Italgas +1,38%; Ivy +0,91%; Snam + 0,78%. 

Out of the main basket Energica Motor Company (+3,5%), celebrates the record order arrived from Taiwan. This is an 836 thousand euro order for the most significant single supply in the history of the leading company in high-performance electric motorcycles. The customer is the Taiwanese importer Russ Tiger Enterprise. Thanks to the order, Energica "adds a further 14% of the entire 2020 turnover to the previously declared values": since the beginning of the year, the company has thus received orders for 28% of 2020 revenues, "to which is added 11% from the floorplan USA".