Piazza Affari closes just below parity at 20.631 points, limiting the damage compared to other European lists, saved by a few scattered stocks (Recordati, Buzzi and Campari above all) while the heaviest thud is that of Telecom Italia, which loses almost 6% as the meeting of 29 March approaches and above all as a consequence of the now disruptive takeover of CDP in the capital: the Cassa has risen to 8,7% and according to operators it could gradually rise up to 10 % by 20 March. Weighing on the stock, which in recent sessions abruptly interrupted the rally that began at the end of January and ended today also in the volatility auction, there are certainly the tensions between shareholders awaiting the month-end meeting but also the trend of the sector in Europe with the Stoxx of the TLC segment leaving 0,44% on the ground. The second worst title of the FtseMib is instead that of Juventus -2,7%, a few hours from match against Atletico Madrid which worries investors a lot, given the result of the first leg (2-0 for the Spaniards): alongside the triumphant run in the league, there is fear of a possible elimination from the Champions League, following the 100 million investment for Cristiano Ronaldo, which had repercussions on the accounts by sinking the profit in the last half-year.
In the rest of the world, tonight's vote in the British Parliament on Brexit and the Boeing case are attracting attention. On the English front they are three votes are foreseen this week, even if the ok on the first one excludes the other two: regardless of how it goes, a decision will finally have to be made and this worries the markets, which feel the point of no return is near. In the meantime, the London Stock Exchange gains almost half a percentage point against the trend. Wall Street, on the other hand, opens mixed, with the Dow Jones heavily penalized by the new crash of Boeing, after the massacre of the crashed flight in Ethiopia. Shares of the aeronautical giant dropped another 6% to $377 per share. Meanwhile in Italy ENAC, given the continuing lack of certain information regarding the dynamics of the Ethiopian Airlines accident involving a Boeing 737 Max 8 aircraft, for precautionary reasons ordered the closure of the Italian airspace to all flights commercial aircraft operated with aircraft of this type. Aircraft of that model can no longer operate to and from domestic airports until further notice.
Returning to Milan, an interim day tending towards sluggishness for bank stocks: the worst stock is Banco Bpm which loses almost 2%, Unicredit -0,47%, Intesa Sanpaolo -0,07%, Ubi Banca -0,34% . Banca IFIS continues to suffer after the news of the farewell of the historic managing director, Giovanni Bossi, who leave the bank of the Furstenbergs after a quarter of a century. The stock dropped almost 4% to 15,16 euros per share. The spread fell further, consolidating below 250 basis points, at 247. The lowest value since September remained the 241 basis points at the end of January, but at the beginning of February the differential between the 290-year BTP and the corresponding German had risen dangerously to the 1.128775 area points. The euro appreciates at 1.300 dollars, gold approaches 66.58 dollars an ounce, oil prices are essentially stationary: Brent equalizes yesterday's 57 dollars a barrel, WTI is close to XNUMX dollars a barrel.
