Piazza Affari resets the earnings on the end of the session. The Ftse Mib closed slightly up at +0,16% weighed down by the Enel galaxy and utilities. Snam -2,21%, Enel -1,21%, Enel Green Power -1,17% and Terna -1,13%.
Galvanized by the forthcoming departure of QE announced yesterday by Draghi for 9 March, the BTP-Bund spread drops to 89 basis points, the lowest level since April 2010 with the yield falling to a new all-time low of 1,27 %, to then close at 92 points.
The other European indices were contrasted and cautious: London -0,71%, Frankfurt +0,41%, Paris +0,02% and Madrid -0,29%. The stock markets were affected by the sharp fall on Wall Street where the Dow Jones and the S&P500 dropped 1% after the employment data. In February, the US economy created 295 jobs, above expectations of 240, and unemployment fell to 5,5% from 5,7% in January, better than forecasts of 5,6%.
The markets fear that in the face of this strong signal from the labor market, the Fed will decide to start monetary tightening sooner than assumed and therefore that the first rate hike could already arrive in September, with an increase also for those who believe it could occur even earlier in June.
Yields on T bonds jumped to 2,25% from 211% and the euro slipped below $1,07 to its lowest since September 2013. WTI oil dropped 1,77% to 49,86% on jobs data. $.16 a barrel. In the meantime, the debate on the US debt ceiling resumes, which will be reached on March 2014th. The cap was suspended unconditionally in February XNUMX to avert the threat of US default.
In Piazza Affari, Mps +4,42%, Yoox +4,26%, Moncler +3,51%, Bpm +2,12% are at the top of the Ftse Mib. Mondadori leaps by 7,38% following the exclusive with RCS (+2,71%) for the purchase of the book division. Caleffi closed up 6,27% after a 10% leap in the wake of the agreement signed with Trussardi for the worldwide production and distribution of the Trussardi Home Linen home textile line.
