Hoping for a postponement of Brexit, London, +1,29%, drags the European lists which close positive despite the limping start of Wall Street, still nervous about tariffs, awaiting Apple accounts (tonight) and Fed decisions (tomorrow).
In Europe, the spotlight has been on the British Parliament all day, where we are voting tonight, after Theresa May opened the debate by saying she wanted to renegotiate with the EU changes to the agreement reached in November, with the aim of introducing "binding" guarantees against the disputed backsop mechanism for Ireland. So far, however, the EU has ruled out the possibility of reopening the agreement. However, the expectation also concerns the Labor amendment foresees the postponement of Brexit with respect to the date set for 29 March in case May does not find a majority in Parliament on a new plan for February 26.
Bene Paris + 0,81% Madrid +0,63%; Zurich +0,88%. Flat Frankfurt + 0,08%.
Business Square it rises by 0,48% and reaches 19.701 points. On the Ftse Mib the best title is Azimuth, +2,93%, driven by the "buy" promotion of Deusche Bank. Defensive stocks such as utilities, in particular, also rose Snam +2,1%. They go up Campari + 2,37% Diasorin 2,51%, Atlantia +2,31%. +.27% for Terna which today celebrates a new all-time high at 5,404 euros.
Profit-taking, on the other hand, sinks Juventus, -6,75%, protagonist of an endless rally since its debut on the main list. The banks remain weak, Ubi -1,93%. In the auto sector they are in decline Pirelli -2,29% and Brembo -1,43%. stm yields 1,57%, pending the quarterly of the customer Apple, tonight, when the US stock exchange will close.
The bond remains well tuned, with the yield of the BTP at 2,63% and lo spread with the Bund down 0,69% to 243.40 points. According to Minister Giovanni Tria Italy is still paying too high a price to refinance its debt. “Italian government bonds are at high levels and still seem excessive, even after the agreement reached with the EU and despite the fundamentals”. Speaking in Washington, the minister said that the government wants to reduce the debt, that there will be no need for a corrective maneuver "because the deficit targets are structural objectives and do not take into account the trend of the economic cycle", that the Italian banking system it is solid and Italy intends to remain in the EU and in the single currency.
Meanwhile theeuro-dollar it is little moved, in area 1,142. Bounce the Petroleum, which recovers the losses of the day before, Brent +2,29%, 61,18 dollars a barrel. Gold skyrocketing to $1310,37 an ounce.
