The euphoria of London (+1,06%) following the landslide victory of Boris Johnson in the electionsi, it doesn't infect Business Square, which closes a fluctuating session stopping down by 0,26% (23.329 basis points) mainly due to profit taking on banks. The rest of Europe did well, with the price lists approaching historic highs in the morning, only to slow down in the second part of the session: Frankfurt +0,44%; Paris +0,59%; Madrid + 1,02%.
Wall Street she started weak, then turned green, so now she's moving against the opposition. A volatility due in part to the historic impeachment vote by the Justice Committee of the House of Representatives, with Donald Trump thus becoming the third president in history to be impeached, even if the house vote is still missing. On the other, the US-China trade deal. A phase one deal there is, Beijing and Washington announce, and this should encourage purchases, however the reading of the details is not yet clear or satisfactory. Trump wrote on Twitter: “The 25% tariffs will remain as they are, while the 7,5% will be applied to most of the rest… the tariffs set for December 15 as a penalty will not be applied since we have concluded the agreement. We will start negotiating the second phase of the deal now, rather than waiting until after the 2020 election. This is an amazing deal for everyone. Thank you!".
Il Petroleum remains tonic: Brent +1,1%, 64,91 dollars a barrel; gold is also appreciated, rising to 1481,75 dollars an ounce.
On the currency front, theeuro-dollar it is flat, while the great protagonist of the day is the pound, which celebrates the electoral outcome by rising to 1,33 on the greenback and 1,198 on the single currency, after having reached a three-year high in the morning. Cyclone Johnson has the merit of sweeping away the uncertainty about Brexit: "we will go out on January 31 without ifs, buts and maybes" says the prime minister, who led the Tories to achieve the best electoral result since Margaret Thatcher's victory since 1987, while for Labour, it is the worst since 1935.
The outlook also invigorates eurozone bonds. The Italian paper participates in the banquet and lo spread between the ten-year Italian and German ten-year contract falls to 145 basis points (-3,46%), while the yield is down to 1,15%.
The London Stock Exchange also raised a toast to the "narrowed" nationalization danger foreseen in James Corbyn's programme: they gained utilities and services, the financial and construction-real estate sectors, which are counting on an orderly exit of the United Kingdom from the European Union and on a recovery of the economy.
In Piazza Affari the best big caps are Cnh +2,56%; stm +1,57%; Juventus +1,74%; Unipol +1,2%; Enel +1,15%; fca +1%. The rumors about the wedding with Psa are giving gas to the Lingotto, awaiting the supervisory board of the French next Tuesday to arrive at the signing of the Memorandum of understanding aimed at the merger between the two groups. The worst blue chips are Diasorin -3,33%; Amplifon -2,71%; Bpm bank -2,65%; Ubi -2,42%; Mediobanca -1,89%; Post -2,07%.
Out of the main soaring price list of Sun 24 hours +18,82% and by Class Publishers + 4,66%.
