THEeuro it takes the first light of the limelight of 2018, strengthening above 1,20 dollars and reaching 1,2046, beyond the record level of 1,2045 marked on 2 January 2015. However, the race for the single currency is holding back the price lists of the Old Continent.
European stock exchanges move below parity. TO Milano, after a slight initial rise, the Ftse Mib index now loses 0,8%, around 22.600. Losses similar to Paris e London. Better Madrid (-0,25%) And London (-0,40%).
Bonds are also under pressure. The yield of Waist ten-year rises to 0,45%, while that of the BTP it goes over 2%, both on the highs since mid-October.
Il Petroleum Brent is up slightly to 67,1 dollars a barrel, the highest since May 2015: last week the gain was 2,4%. In Iran, OPEC's third largest oil producer, anti-government demonstrations continue: according to semi-official sources, the dead in the clashes were 12. Saipem + 0,6%. Eni -0,3%.
The data of thePMI manufacturing index of the Eurozone show a situation of solid growth: the December indicator rose to 60,6 points, well beyond the threshold (50 points) which separates contraction from economic expansion. Well France and Germany. Overseas demand has driven German growth to record highs, while capacity constraints have led to delivery delays the likes of which have not occurred in over 20 years. Slight drop for Italy with the PMI dropped from 58,3 to 57,4 points, but still at the highest since 2011. The chief economist of IHS Markit, Chris Williamson, points out that "the manufacturing PMI of the Eurozone concluded the best year-old, setting the stage for a strong start to 2018. New orders increased at a near-record rate, while, in preparation for higher production, growth in purchases reached a new peak.
under fire theAutomotive (-2%) after below-expected data on registrations in France and due to the increase in oil prices. Discounts between 2 and 3% per bmw, Peugeot , Renault e Volkswagen. In sharp decline in Piazza Affari Fiat Chrysler: -2,55%, to 14,53 euros. Maserati has ordered a precautionary recall of more than a thousand of its new super cars to fix some defective fuel lines. The cars have not yet been delivered to customers.
Also in red Ferrari (-1,9%) And Brembo (-3%). Cnh Industrial -1%
The star of shines upside down Mondadori, +3,7% in view of the aggregation of the French activities of the publishing group with Lagardère and Marie Claire for a total turnover of one billion and listing of the newco in Paris. Banca Akros raised its rating to "buy" from "neutral" with the target price confirmed at 2,4 euro.
The banking sector went negative and dropped by 0,35%. Just below parity Unicredit (-0,3%), Understanding loses 0,7%. Among the smaller titles, Carige salt by 1,2%. During 2018, the bank must not fall below the threshold of 11,17% of Common Equity Tier 1, a slight decrease from 11,25% in 2017. This was established by the Supervision of the ECB. Creval loses 3,5% pending the capital increase.
After the initial increases in the wake of the decrees which established the increase in motorway tariffs for 2018, Atlantia (buy for Equita) dropped 0,34%. The Spanish government has authorized ACS and the German subsidiary to take over Abertis in the event of a success in their takeover bid. A response to the one advanced by the Italian group is expected by 8 January. Sias (tariff increase of 3,5%) advances of 0,45%. Autostrade Meridionali rises by 1,66%.
In the rest of the price list to be noted Interpump (+0,3%), which bought a Finnish company for 9 million euros. Reno de Medici + 9% Electro Power System + 5%.
