The last week opens down for the European stock exchanges. The good news coming from Brussels (the green light for the Recovery Fund), from Frankfurt (the strengthening of the ECB bazooka) and from the USA (Biden's definitive victory in Arizona) is not enough to compensate market anxiety about Brexit. Despite the many extraordinary summits in recent days, the British government and the European Commission seem unable to reach an agreement and London's disorderly exit from the EU is becoming more likely every day. The concerns expressed by the ECB about the recovery in 2021 and the surge in cases of contagion in Germany also weigh.
Result: at the end of the morning Business Square lose 1%. Frankfurt is also in the red (-0,8%), Paris (-0,7%), Madrid (-1,7%) And London (-0,6%).
As for the most prominent stocks on the Milan Stock Exchange, Amplifon is leading the Ftse Mib (+0,98%), Moncler (+ 0,65%), Diasorin (+ 0,24%) and General Bank (+ 0,22%).
At the other end of the scale, however, the worst markdowns are those of Leonardo (-3,41%), Telecom Italy (-2,88%), B for Bank (-2,44%) And Poste Italiane (-2,09%).
Ferrari loses 0,6% after surprise resignation of CEO Louis Camilleri for personal reasons. According to some investment houses, in the short term the manager's step backwards could make the performance of the share on the Cavallino stock exchange volatile, but in the long term the change in management should not have significant consequences on the industrial strategy.
Atlantia just below parity after the CDP, Blackstone and Macquarie asked to extend the deadline to January for the presentation of a binding offer on Autostrade per l'Italia.
On the debt side, the BTP-Bund spread it is stable compared to the last close, at 116 basis points. Slightly declining the BTp rate with a 10-year maturity, which opened at 0,55%, from 0,57% on Thursday's close.
It still goes up the euro (at 1,2127 dollars, from 1,2119 yesterday evening), while losing ground la GBP (euro/pound at 0,9144, pound/dollar at 1,3248).
