Equities are not shaking off fears of an impending recession, despite the slight improvement in sentiment among German entrepreneurs. European stock markets are closing a weak session, while Wall Street is extremely volatile and is currently in negative territory, in the week of the resumption of talks in China on duties and in anticipation of the Apple event (-0,7%) which , will feature streaming TV service and a platform for reading newspapers tonight.
Business Square it remains flat, -0,09%, 21.059 points, with sales offset by purchases on the Agnelli and Campari galaxy (+3,19%), the latter promoted as a "buy" by Goldman Sachs.
Bonds are weak: the yield on 10-year BTPs returns to 2,5% and spread with the Bund it widens to 251.90 basis points (+1,29%). The details of the medium-long auction on Thursday 28 March are expected in the evening. According to Unicredit, the Treasury will offer the new 5-year BTP and the reopening of the 2029-year August 2025 and of the CCTEU in January XNUMX perhaps together with another CCTEU. The end-of-the-month auctions will also start tomorrow with the placement of Ctz and Btpei.
In the rest of Europe: Frankfurt -0,15%; Paris -0,18%; Madrid -0,21%. London is the worst, -0,41%, with the pound depreciating against the single currency in the final (0,858), while the European Union prepares for a hard Brexit, as the risks of a no-deal scenario are “ more and more plausible".
THEeuro it also rose slightly against the dollar, to around 1,1315 in the light of the Ifo confidence index of German companies, which was better than analysts' estimates. An optimism that has not dispelled fears about the global economy, fueled on Friday by weak data on German manufacturing and by the inversion of the US yield curve between the three-month bond and the ten-year T-bond.
Without compass the Petroleum, with Brent at $67,18 a barrel. Uncertainty is good forgold, which in this climate is a magnet for investments and rises to 1322,3 dollars an ounce.
Among the blue chips of Piazza Affari they stand out Campari, thanks to GS which brings the price target to 10 euros, betting on the penetration potential of Aperol in the USA. The new ones rumors su forthcoming alliances are good to fca, +2,02%. He gets in the wake Exor +1,85% and also stands out in the team Ferrari + 1,31%.
Sales go into the red stm, -3,86%; Pirelli -1,48%; Fineco -1,56%; Moncler -1,53%.
Banks down slightly, with the exception of Unicredit + 0,14%.
Out of the main price list continues the recovery of Gima Tt which even today gains 4,29%.
On the carpet Fincantieri -3,87%, after the breakdown involving one of the ships of the Norwegian shipowner Viking Ocean Cruises, built by the Italian group, during the weekend.
