Banks in red and spreads recovering: Business Square archives another session down, -0,76%, 21.801 points and seems more nervous than the other European markets, with the majority in support of the newly installed government which already has to deal with the split of Matteo Renzi from the Pd. For Dario Franceschi "It's a big problem", while for Luigi Di Maio nothing changes and in fact Renzi has guaranteed his loyalty to the Giallorossi executive. However, the news comes at a time when the markets are uncertain due to the collapse of oil after yesterday's euphoria, due to the problems in the Middle East and a possible hard Brexit. In this context it is spread between Btp and Bund it rises to 139 basis points (+5,35%) and the yield on the Italian ten-year bond grows to +0,92%.
In the rest of Europe Frankfurt in the final it resets losses -0,04%, Madrid -0,48%, Paris is positive and rises by 0,24%. London remains at the window, on the day in which the British Supreme Court expresses its opinion on the legitimacy of the closure of parliament decided by Prime Minister Boris Johnson. Zurich recovers 0,4%.
Wall Street, after a slightly declining opening, moves in random order. The DJ is down 0,16%, while the Nasdaq and S&P 500 are just above par. The focus is above all on the Fed which tomorrow will lift the veil on its monetary policy decisions, with the market betting on a new cut in the cost of money, but a little less than before (according to the CME FedWatch Tool, there is 63,5% probability that rates will be cut another 25 basis points to 1,75-2%). Still on the subject of central banks, the European Parliament has meanwhile voted in favor of the appointment of Christine Lagarde to lead the ECB. The euro recovers positions against the dollar and the exchange rate moves around 1,106.
After the surge in recent days the Petroleum it is losing ground following rumors reported by international agencies according to which Saudi oil production, compromised by Saturday's attacks, will return to full capacity sooner than expected. Brent is down 5,21% and is currently trading at 65,42 dollars a barrel; the Wti loses 5,13%, 59,67 dollars a barrel. L'gold retouches upwards to 1512,95 dollars an ounce.
In Piazza Affari, sales strike in the first place Saipem, -4,59%, because the company could be negatively affected by geopolitical tensions in the Persian Gulf area. In the sector, after yesterday's rally, they are also retreating Tenaris -1,9% ed Eni -1,13%.
Among the industrialists the worst is Prysmian, -3,81%, after cutting Corning estimates for fiber optic cables. Cnh it loses 2,12%, while the Elliott fund would have bought a share of around 3%.
The longest negative list, however, is that of financial stocks, starting from Finecobank -4,14%, to follow Bpm bank -3,94%; Unicredit -3,34%; Bper -3,26%; Ubi -2,96%.
Partially recover Atlantia, +1,57%, on the day of the extraordinary board meeting in which CEO Giovanni Catsellucci is expected to resign. Utilities purchases are back: Italgas +1,64% They appreciate each other Recordati +1,57%; Campari +1,35%; nexi +1,32%, the latter after the positive opinion of Citigroup.
