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Stock exchanges in the wake of Brexit

The announcement of the agreement between London and the EU ignites the stock exchanges and the pound but the fear of a rejection of the British Parliament dampens the enthusiasm of the first hour

Stock exchanges in the wake of Brexit

Swing session with mixed ending for European price lists: the enthusiasm for the agreement between the EU and Great Britain on Brexit lasted a few hours and the closure is pale red for all, except London (+ 0,13%).

Business Square, after gaining more than one percentage point, it loses 0,23% and drops to 22.375. Weigh the profits up Pirelli -2,53%; stm -1,98%; Ferrari -1,69%; nexi -1,52%. Oil stocks retreat Tenaris -1,23% and Saipem -0,84%, with the new drop in oil, following the unexpected increase in US weekly inventories. Brent loses 1,16% and falls to 58,73 dollars a barrel. 

They hold the banks, led by Mediobanca +1,44%, while on the secondary it is spread between the ten-year Italian and German it cools down to 130 basis points (-0,63%), with the yield of the BTP slightly down to 0,89%.

Among the big caps they mark significant increases Terna +1,27%; Amplifon +1,19%; Atlantia +1,17%. Well managed savings with Azimuth +1,14% and Post +1,13%, which in recent days has reached a record capitalization of 14 billion euro.

In the rest of Europe: Frankfurt -0,1%; Paris -0,42%; Madrid -0,45%; Zurich -0,35%. 

Wall Street opens positive and is currently showing fractional progress, with a focus on Brexit and tariffs, but also on quarterly reports. Among the big banks Morgan Stanley gains 2,6% on higher-than-expected profits and revenues. Well Netflix +3,6%, despite missing the target on new subscribers for the second consecutive quarter.

THEeuro salt on dollar and pound. The exchange rate with the greenback moves around 1,128, while that with the pound is at 0,8659. Shaking the currency front is theBrexit deal, reached between Brussels and London three years after the referendum. However, the difficult transition to Westminster remains, while the memory of the three failures received by Theresa May is still vivid. Boris Johnson will try to have more success, because it's either this or no deal, but the agreement has already been rejected by Dup, the Northern Irish Protestant party, and by Labor, although between now and Saturday there is still time to negotiate. Among the raw materialsgold is positive and trading close to $1500 an ounce.

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