Pause in the rise of the European Stock Exchanges which, from Christmas to today, have risen by around 6%. In parallel, the euro strengthens against the dollar, traded this morning at 1,525: Fed Chairman Jerome Powell will speak tonight and the market expects new signs of "patience" before further rate hikes. In Milan, the index is balanced -0,1% at 19.146 points. The decreases in Paris -0,77%, Frankfurt -0,37%, London -0,11%, against the trend in Madrid +0,11% were more pronounced.
The Chinese trade ministry, through a spokesman, announced this morning that the United States and China have made progress on "structural issues", such as the free transfer of high technology and the recognition of intellectual property. The negotiation was "frank and honest".
In Piazza Affari he is under pressure Fiat Chrysler -0,3% to 13,66 euros after confirmation that the company will pay more than 700 million dollars to resolve the disputes generated by Dieselgate. Cnh -0,8%. Ferrari -0,5%. Brake Brembo -0,1%.
Positive start of Treasury auctions. The market has absorbed the offer of 7 billion Bots over 12 months at a rate of 0,285%, down on the December offer. The 2,90-year reference rate trades at 2,892%, compared to 264% on the previous day. The reference German benchmark has changed, so the spread starts from new bases at XNUMX points, but a comparison with previous data is not possible.
Bank stocks on the rise after the auction. Understanding + 0,7% Unicredit + 0,6% Bper and Ubi in parity. Among the financial advances General Bank +0,40%. Allianz global rose to 5,078% of the asset management company. Brake instead Generali -0,5% in the aftermath of Leonardo Del Vecchio's latest purchases.
It stands out among the best titles Unipol up 1,7%. Weak luxury, held back by bonds due to the stability of Chinese purchases. The heaviest title is Tod’s -4,5%, affected by Berenberg's sell. Moncler -1,8%.
The oil rally has subsided, reaching the highs of the last month and a half in the last few hours: Brent crude is traded at 60,4 dollars a barrel, down 1,6%, yesterday, also due to the decrease in inventories strategic markets, closed up nearly 5%.
Eni -0,4%. Saipem -0,7%. Saras +0,3%. Barclays cuts the target price to 18,5 euros. Among the utilities, in sharp decline A2A -2,5% Enel +1,1%. New strong leap forward by Juventus + 4,3%. Avanza Rest +1,6%, in the process of making an offer for the catering activities of the French Elior (value over one billion).
