Even the European stock exchanges are starting to close a stormy week lower. After a calmer start, the markets deteriorate as the opening of the American stock exchanges approaches. No reaction emerges from futures on American indices after yesterday's collapse, derivatives retreat by 0,2%.
In Milan the index Ftse Eb marks a drop of about 1,3% around 22.300 points. However, the Italian Stock Exchange remains the only one on positive ground since the beginning of the year. The other markets of the old continent are also in red: The Dax di Frankfurt falls by 1,4% and the Cac40 by Paris marks a decline of 1,4%.
The global index Stoxx 600 it is at its lowest since August 2017.
Selling on bonds subsides, Waist 0,75 year at XNUMX%, flat. BTP to 1,98%
The improvement in the climate is justified by the indications arriving late in the morning from Wall Street: The S&P500 index future is up 0,7%. At seven this morning (300 am in Washington) the US Senate approved the law authorizing the government to raise spending by XNUMX billion dollars and freeze the debt limit for one year.
More good news for the EU economy. It strengthens industrial production, which in December 2017 recorded an increase of 1,6% compared to November and of 4,9% on an annual basis. In France, the increase in December was 0,5%, much better than the consensus (-0,5%).
Selling on bonds subsides, Waist 0,75-year treats at XNUMX%, flat as well as the BTP, which fluctuates between 1,98% and 2,01%.
Yesterday the Tesoro announced that on the occasion of the next medium-long placement, next Tuesday, between 6,25 and 7,75 billion euros will be made available to investors in the reopening of three, 7 and 30-year BTPs
Still weak the Petroleum: Brent -0,8% to $64,30. Eni -0,5%.
Among the banks (sector index -0,8% in line with the European figure) it shines Mediobanca (+1,034% after a start at +2,3%), which ended the second quarter of its fiscal year with 175 million euros of net income, about half the result of the first, but above analysts' estimates. Banca Akros has raised its rating to "accumulated" from "neutral".
The system's gross non-performing loans amounted to 167 billion (173 in November), while the net ones fell to 64,4 billion.
Other bank stocks worsened at the end of the morning. Unicredit -1,3%. The stock that started down this morning had come to gain 1,5%. Goldman Sachs and JP Morgan strengthened the Buy. Understanding -2%.
B for Bank-0,7%. Yesterday evening the company released the data for the year and proposed an increase in the coupon.
Where's Banca -1,1% later The bills. Common Equity Tier 1 is 11,43%, up from 11,54% in September. Proposed dividend of 11 euro cents.
Insurance is stronger. Generali -0,8% UnipolSai +0,1%, it closed the fourth quarter of 2017 with 183 million euros in profit before tax, better than expected thanks to the boost from the Non-Life business. Unipol -0,65%.
Among the industrialists, Buzzi -0,9% Leonardo -1,5%. Weak Fiat Chrysler (-1,2%).
Utilities are down. Enel -1,5%. Salt though Atlantia (+ 1%). Telecom Italy (-1,44%). Mediaset (+ 0,5%).
