Piazza Affari regains 22.130 points in the last session before the Christmas holidays and closes with an increase of 1,31%, in a context of reduced trading. The climate remains positive throughout Europe, after the black Monday at the beginning of the week, thanks to the reopening of the France-Great Britain border and a possible breakthrough on Brexit.
Indeed, there could be an EU-UK trade agreement under the tree. According to Reuters diplomatic sources, an announcement in this sense could arrive in the evening, but the conditional is a must because by return of the post other sources have made it known that the negotiations are still ongoing, the outcome is not obvious and could require other days.
Overall good Frankfurt +1,29%; Paris +1,11%; Madrid +17,6%. London limits gains to 0,6%, held back by the leap in the pound, which appreciates against the euro and the dollar. The exchange rate between the single currency and the greenback remains slightly below 1,22.
No backlash has come to the markets from the shocking news of a further mutation of the coronavirus discovered in Great Britain, described as "very worrying" by Health Minister Matt Hancock "because it is even more transmissible and appears to have undergone further mutations than the (first) new variant discovered in the UK”. The virus was found in two people who had come into contact with someone from South Africa in recent weeks.
Overseas Wall Street is moving up, even if President Donald Trump has rejected the bill for the $892 billion aid plan for now. The macro data is mixed: weekly jobless claims are down more than expected, but remain high, and consumer spending fell last month for the first time since April, due to market weakness of work.
Stocks include Pfizer Inc, thanks to an agreement to supply the United States with 100 million additional doses of its Covid-19 vaccine by July. Tesla recovers about 1% after the crash at the beginning of the week. Little Apple move. overall energy stocks gain 2,64%, financial stocks 1,4% After a mixed start at the moment the DJ and S&P500 are above parity, while the Nasdaq, fresh from a rising session, is flat.
Among commodities, oil rebounds, recently hit by sales following fears about demand induced by the English variant of the coronavirus. Brent appreciates by 2,8% to 51,48 dollars a barrel. Gold futures, February 2021, are up slightly by 0,45% at 1878,75 dollars an ounce.
In Piazza Affari the banks are rising, having pushed on the accelerator especially in the last part of the session. Bper rises by 3,86%, Unicredit +2,23%; Mediobanca +2,11%. The CEO of Piazzetta Cuccia, Alberto Nagel, in a Bloomberg News forum, underlined the bank's interest in acquisitions in the asset management sector, pushing the sector upwards (Banca Generali +1,87%).
Oil stocks, heavily hit last Monday, rebounded: Tenaris +2,79%; Saipem +2,9%; Eni +2,68%. Shines Cnh +3,29%. on a particularly favorable day for the industrial sector in Europe. In Frankfurt Daimler scores +3,5%, after the business daily Handelsblatt reported that the German luxury carmaker is preparing for the listing of the truck division on the stock exchange.
Leonardo still stands out among the Italian blue chips +2,23%; Snam 2,47% and Enel +2,48%. The electricity giant has announced that the subsidiary Enel Produzione, the company EP Slovakia and the Czech company Energetický a průmyslový holding (jointly EPH) have signed a new agreement that modifies some terms and conditions of the contract signed on December 18, 2015 (already modified in course of 2018), concerning the sale of the stake held by Enel Produzione in Slovenské elektrárne.
Amplifon closed in the red -1,45%; Diasorin -1,65%; Inwit -0,95%; Buzz -0,85%. Outside the Ftse Mib, Beghelli's surge, +17,12%
For government bonds, the spread between Italian and German ten-year bonds fell to 110 basis points (-1,93%), with yields rising slightly. The rate of the BTP is +0,56%. Nothing compared to the situation at the beginning of the pandemic, when the 3-year benchmark yield was around 300% and the spread was around XNUMX basis points. Then the ECB's purchase program intervened.
Meanwhile today Davide Iacovoni, head of the Treasury for public debt management, presented the extraordinary numbers of 2020, characterized by the health emergency and the unprecedented fiscal response given by the Mef: 552 billion offered to the market, of which 182 billion in BOTs .
