Nervous markets in Europe and overseas. In the Old Continent the day was dominated by the news of the simultaneous terrorist attacks launched in France by Islamic extremists. Paris dropped 1,9%, however in line with Frankfurt (-1,92%), while London limits the decline to -1,05%. Worst list is Milano which landslides by more than 3% (-3,27%) under pressure from the banks and cancels yesterday's gains.
Indeed, the financial day was dominated by news on the banking sector. On the one hand, as indicated by Sole24Ore, the ECB would have communicated to the 15 institutions subject to its supervision the minimum supervisory coefficient to be respected for each institution, equal on average to 10,5% for Italian institutions and an increase compared to the 7% minimum of Basel 3. On the other hand, Bloomberg reported that the ECB offices presented several purchase options to the Board of Governors this week securities up to 500 billion euro, an amount that appears to be disappointing the markets.
Lo spread Btp Bund closes up at 140 basis points. Eyes on Monday's auction when the Treasury will place 8 billion Bots a year. While international investors monitor the evolution of Greek situation, against the background of a possible debt restructuring in case of victory of the Syriza party, the jolts linked to the sudden drop in oil increase the nervousness of the market. The WTI dropped 2,77% to 47,44 dollars a barrel. Brent is back below $50 with a drop of more than 3% to 48,09, the new low since 2009.
Meanwhile the low price of the Petroleum he made his first victim, the Texan WbhEnergy, a small shale gas company that has filed for bankruptcy protection. So despite today's good unemployment figure, Wall Street is in red: at the close of Europe, the Dow Jones was down 0,78%, the S&P500 0,75% and the Nasdaq 0,65%. The US Labor Department today released December labor market data that showed unemployment down to 5,6% from 5,8% and an increase of 252 jobs. Both figures are above analysts' expectations. After the publication of these statistics, the euro-dollar exchange rate dropped below 1,18 and then recovered at the close at 1,1834 (+0,35%).
In Piazza Affari there is a massacre of banks. At the bottom of the Ftse Mib, the entire banking sector. Worst title is Ps (-8,63%), also affected by Santander's denial of possible M&A transactions involving the Sienese bank. The Spanish bank (also affected by sales) is in fact engaged in a massive 7,5% recapitalization which, however, will serve above all for organic growth and to increase the bank's solidity already in view of the new stakes envisaged for 2019.
Popular bank -7,47% Bper -6,68% Where's Banca -5,14% Understanding -4,05%.
Telecom Italy -2,34% later the agreement with Acotel for the transfer of the approximately 170 active consumer customers of Noverca (of the Acotel group) to Tim. For Telecom Italia, the operation mainly serves to strengthen its leadership in terms of number of customers in the Italian mobile telephony market, further expanding the base. The remuneration for Noverca will be paid to a variable extent according to the number and type of customers migrated: in the event of the transfer of all customers to Tim, the total remuneration will amount to 3,9 million euros.
Luxury goes against the trend on the Ftse Mib: Moncler + 2,36% Tod’s + 0,41% Yoox +0,06. Well too Atlantia (+ 1,01%) and wdf (+ 0,98%).
