Contrasted morning for the European Stock Exchanges with the antennas turned to Brussels awaiting the developments of Brexit negotiations: hope is growing for an agreement between London and the European Union, but the fluctuating trend of the pound (now -0,24% against the dollar-0,4% at 0,866 against the euro after yesterday's rise of 1,4 .0,3%) is destined to continue in the afternoon. Piazza Affari marks a modest rebound (+XNUMX%) and does better than the other European lists: Paris -0,33% Frankfurt + 0,06% Madrid -0,3%. Also in red London -0,26%.
The yield on the Bund rises to its highs of the last two and a half months at -0,40%. L'euro dollar rises to 1,105 (+0,2%). This morning Bloomberg reports that a position of openness to the removal of the budget constraint is taking hold within the CDU, Chancellor Angela Merkel's party would be in favor of measures to support the German economy, which is experiencing a sharp slowdown.
This morning Germany placed 785 million on a thirty-year loan at 0,07% (against 0,05%). The Italy-Germany yield differential on the ten-year stretch it is worth 134 basis points from 136 at the last closing. At the same time, the 0,93-year reference rate traded at XNUMX%, unchanged compared to the end of yesterday's session.
Il Petroleum Brent trades at 59 dollars a barrel, up 0,4%, in the first two days of the week it lost 3,5%. L'gold it rebounded 0,2% to $1.484 an ounce.
Spotlights on in Milan Atlantia -0,3% which last night resolved its willingness to support the relaunch of Alitalia, but under precise conditions: an industrial partner who participates in the capital of the Newco: an industrial plan shared and carried forward by the industrial partner (ie Lufthansa). Atlantia only in the minority in the newco.
On the day of the probable go-ahead from the shareholders' meetings for the merger between Sias unchanged and ASTM, Beniamino Gavio, president of the controlling holding company, says he is available to become an industrial partner of the government, should a request arrive. But he doesn't say too much about the possibility of joining Autostrade per l'Italia. The strategies already presented are confirmed in the article. Gavio talks about the privatization of Centrovias in Brazil, Ecorodovias, initiatives in the United States, Chile, Northern and Southern Europe.
The rest of the price list hasn't moved much: luxury slows down Salvatore Ferragamo -0,8%. Moncler -0,7%.
stm +0,5%. The Dutch Asml, a manufacturer of machinery for the construction of semiconductors, presented data for the quarter that exceeded expectations, the press release mentions a strong increase in orders.
Fiat Chrysler +0,83%. Acea has published the summary data on registrations in Europe in September, which indicate a 14,4% increase in the EU + EFTA market. The third quarter of 2019 closed with an increase of 2%, from the beginning of the year -1,6%
The nomination committee of Tim -0,3% will meet on Friday to decide the name of the new president, before the council meeting on October 21st. Salvatore Rossi, former director of the Bank of Italy, would be the most accredited candidate. A complete renewal of the board of directors is assumed in April. The set-up should reflect new capital weights following a network deal and a governance overhaul.
Worth noting:
- The leap forward of Falck Renewables +8%, is among the major beneficiaries of a Brexit deal.
- Piaggio +4%, there is the UBI Buy.
- Interpump +3%, recovering from yesterday's -8%.
