Slightly negative ending for the European stock markets, which closed a volatile session conditioned in the afternoon by the ups and downs of Wall Street, awaiting the speech on the labor market by Federal Reserve chairman Jerome Powell. The US indices, after an appropriate start that led them to reach new records for the umpteenth time, are currently in decline, thanks to the weakness of Big Tech. Fly though Twitter after quarterly above estimates.
Business Square it limits losses to 0,15%, stopping at 23.264 points. The Italian card, on the other hand, remains well bought on the secondary and the spread between the Italian and German ten-year period it drops to 94 basis points (-1,2%), while the rate of the BTP benchmark updates its historical low to +0,48% in the session, to close at +0,5%. The president of the ECB, Christine Lagarde, in an online interview with the Economist, urged the EU to ratify the Recovery Fund soon and repeated Mario Draghi's "whatever it takes", speaking of the mandate of the central bank in ensuring price stability. Furthermore, investor confidence remains high in the fact that the prime minister in charge, having concluded the second round of meetings with the parties and having listened to the social partners, can dissolve the reserve, despite the ordeal of the 5 stars and the wait for the vote online of members of the movement.
In the rest of Europe Frankfurt loses 0,56%; Paris -0,36%; Madrid -0,49%; Amsterdam +0,02%; London -0,12%. Focus on important quarterly results such as those beyond Societe's expectations General (+2,85% in Paris) e Thyssenkrupp (+6,74% in Frankfurt). Heineken on the other hand, it lost 5,1% in Amsterdam, after announcing a 10% cut in the workforce worldwide due to losses due to the closure of bars and restaurants due to the pandemic.
The trend in infections, which are decreasing slightly but still high, also weighs on the mood of the European price lists, while the president of the Commission Ursula von der Leyen admits the mistakes made by the block in the approval and launch of vaccines. Immunization plans could get a boost from the fact that WHO has cleared AstraZeneca's vaccine even for the over 65s and in the presence of variants. In the meantime, the sad threshold of half a million deaths has been exceeded in the Union, while Germany could extend the lockdown from 14 February to 14 March.
On the currency market the dollar remains in a downward phase, while the euro appreciates with the exchange rate above 1,21. The weakness of the greenback favors commodity purchases. The Petroleum remains well bought and Brent rises by 0,42% to 61,48 dollars a barrel. It is slightly movedgold, which trades in the area of 1835,50 dollars an ounce. Gallop instead the Platinum, with the April 2021 contract up 3,66% to $1235,60.
In Piazza Affari the banks are confirmed at the center of the scene, for better or for worse. The worst is Monte dei Paschi di Siena, -5,8%, after the 2020 accounts closed with 1,69 billion losses. Over the last decade MPS has burned 23,5 billion and closed the last eight years in the red, which were marked by the overvalued takeover of Antonveneta, the derivatives scandal and the explosion of non-performing loans. Between 2011 and 2017, the bank, which capitalizes less than 1,4 billion on the Stock Exchange, asked the market for 18,5 billion in the form of capital increases, of which 5,4 provided by the State with the precautionary recapitalization of 2017.
Queen of the Ftse Mib is Mediobanca, +3%, thanks to better-than-expected accounts and with several brokers who revised their targets: Kepler Cheuvreux raised the target price on the stock to 10 euros from the previous 9,3 euros; Morgan Stanley at 10 euros from 9,5 and Citigroup at 9,3 from 8,85 euros.
Shopping is back Bper +1,63% and the shareholder Unipol +2,52%. In progress Unicredit +0,82%, awaiting the accounts tomorrow.
It bounces Finecobank +2,6% and utilities are revived starting from Italgas +1,27% and A2a +0,86%. Raise your head Tenaris +1,21% and confirms itself as a well bought one Eni + 0,79%.
Also in the top ten of blue chips Atlantia + 0,98%.
Sales penalize stm -2,66%; stellantis -1,94%; General Bank -1,51%; Interpump -1,38%. Outside the main basket, purchases are rewarding Fincantieri (+ 9,66%).
