Austrian elections, the Catalan referendum and Brexit weigh on the euro, which loses ground and drops below the 1,18 threshold, while European markets are traveling cautiously. Madrid is in the red, -0,66%, on the day in which the president of the Catalan Generalitat, Carles Puigdemont, ignores independence and the Spanish government replies asking for clarity by 10 next Thursday. The Vienna Stock Exchange also lost about half a percentage point, in the aftermath of the general elections and the victory of the centre-right led by 31-year-old Sebastian Kurz. Moderately optimistic Frankfurt, +0,2%, Paris +0,09%, London, +0,07%.
Piazza Affari, at noon, is not far from Friday's close, +0,3%, 22.420 points. In no particular order the banks, with purchases concentrated on Banco Bpm, +2,44%, on the eve of choosing the insurance partner. There is speculation about an agreement with Cattolica and the entry of Warren Buffet, a shareholder of the Venetian company, into the banking institution as well. The oilmen are well tuned, Tenaris +0,77% and Saipem +1,3%, with crude oil at its highest level since September, following the tensions in the Middle East. Session well underway for Brembo, +1,24%. Weak luxury deals with Ynap, -0,69%, Ferragamo -0,35%; Moncler -0,61%; Ferrari-0,46%.
In the morning Telecom passes from the minus sign to the plus sign (+0,19%) waiting for the Italian government to decide on the modalities for exercising the golden power. Meanwhile, this morning, the minister of economic development Carlo Calenda tells Raitre that he is not thinking about the spin-off of Sparkle from Tim and that the decisions will be "fair, balanced and non-punitive". The network must be neutral and the companies should be separated, but "the property can also be the same as long as certain rules are respected". The minister has also written to Agcom to study the matter and this week he will meet the new managing director of the group, Amos Genish.
Bonds are stable: the yield on the 10-year BTP is 2,06%; the spread with the Bund at 166.30 points, up by 0,3%.
Positive closing for Tokyo, while the Chinese squares are contrasted two days before the opening of the XIX Congress of the Communist Party.
