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Bags in recovery. Milan bets on the Atlantia plan

Tension subsides, oil slows down and European lists turn positive at the end of the morning – Gold's rise continues – Extra coupon for Mediolanum

Gold rises, defense stocks rise. It is the framework with which the session opened. But during the morning the weather improved: around 13pm Business Square has risen into positive ground together with Frankfurt and Paris. Thanks to Italy and Spain, the index of confidence in the services sector is improving. But the trend in US futures favors the rebound after Donald Trump's soothing statements, which anticipate a positive start to the meeting. Milan advanced by 0,2% ahead of Paris and the German Dax +0,14%, despite data on industrial orders in the country unexpectedly dropping in November, due to weak foreign demand. London -0,2%.

Today Ursula Von der Leyen, president of the EU, will meet Prime Minister Boris Johnson in Downing Street to define the timing of Brexit. Klaas Knot, president of the Central Bank of the Netherlands and member of the ECB. Knot warned that the risk of a hard Brexit at the end of 202 remains, recalling that such a scenario could deeply affect external trade, just as if Britain were to leave the EU without a deal.

Eighth positive session for their, trading up 0,2% to $1.577 an ounce. It had jumped to $1.611 overnight. Euro dollar down 0,1% to 1,113.

Il Petroleum Brent trades at 68,7 dollars, +0,8% after hitting the highs of more than three months. Brent, arrived tonight at 72 dollars a barrel. Little movement Eni (+0,13%). Saipem +0,8%.

 Lo spread BTP/Bund it remains at 166 basis points with the Italian 1,382-year yield at 3,534%. This morning Germany placed 10 billion euros of the new 0,25-year Bund, with an average rate increasing to -2029%. Reuters recalls that yesterday there was the roll of the Italian ten-year pass from August 2030 to April XNUMX.

Atlantia has turned higher after a lower start: the stock is now up 3,5%. Autostrade per l'Italia is preparing a colossal investment plan, reports IlSole24Ore. The company is allegedly trying to reopen dialogue with the government.  

Unicredit (-0,5%) this morning launched the placement of a 2-year Tier12 bond in euro, callable starting from 15 January 2027, with orders that have already exceeded one billion euros. The Emirati Mubadala Fund halved its stake in the institute from 4,986% to 2%.

Azimuth -0,5%. Down Bpm bank (-1,7%) after the advances on an involvement in the Ilva operation, through the transformation of credits into capital. Below UnipolSai (-1,8%) And Azimuth (-0,5%).

Mediolanum Bank +1,28%. Ennio Doris announced that the bank will issue an extraordinary dividend for the 2019 financial year in February: in December, the collection was 810 million euros.

Among the brightest titles stands out Leonardo (+ 1,3%). Datalogic + 1,4%.

Enel +0,1%: Société Générale raised the target price to 8,10 euros from 6,6, confirming the buy recommendation. “The 2020-2022 industrial plan aims at stronger, faster and greener growth”, underlined the analysts of the French investment bank who believe that “this growth can be sustained, with the continuation of the energy transition.

Fiat Chrysler -1,1% Prysmian -0,4% stm -1%.

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