The European stock exchanges are trying to prudently tune in to the upcoming decisions of the ECB. It's an exception Milano, down sharply after the gains of the last few sessions, a change of course caused by worsening relations between government partners. Business Square at 13 pm it fell by around 1,3%, to around 21.800 points. Frankfurt scores +0,12%, Paris -0,07%. London -0,04%. He misses out Madrid (-0,7%).
Matteo Salvini he decided to miss the meeting of the Council of Ministers and the summit on autonomy. But Luigi Di Maio this morning he tried to tone things down and the Northern League leader showed his willingness to see the political leader of the 5 Star Movement, reiterating however that "Italy cannot go on with no blows".
The dispute is weighing on the performance of government bonds. The spread is up 10 basis points, to 195. Il yield of the XNUMX-year BTP it moves away from the lows of the last 3 years marked yesterday at 1,55% and rises again to 1,63%.
Consequences also on the price list of Piazza Affari.
The banks suffer: Unicredit -3,4%, despite the promotion of Moody's which raised the ratings on junior senior unsecured debt and on subordinated debt to Baa2 and Baa3. B for Bank -3,2%: the antitrust authority gave a green light conditional on the acquisition of Unipol Banca, now controlled by UnipolSai, by the Emilian bank. Understanding -2,34%. It gets worse Ps: -twenty%.
Sales also on asset management: Anima -2,87% Azimuth -1,6% Fineco -2,7%.
Utilities, the liveliest sector awaiting the rate cut, are correcting. Ivy (-2,5%) moves away from the historic opening record. Down too Enel (-2,10%) And Snam (-3%). Few positive blue chips. stm (+1,7%) remains the best. Morgan Stanley adjusted the target price to 7,20 euros from 7,0 euros Pirelli (+ 0,35%). Moncler + 0,4%.
