European stock markets up in view of "hot" days between the Fed, Brexit, negotiations on duties and, last but not least, the quarterly data, starting with Apple's accounts. Business Square +0,4% to 19.692, Frankfurt +0,1%. Better Paris +0,6% and Madrid +0,4%.
In sharp increase London +1,4%. According to the Financial Times, an attempt is underway to reach a compromise between Eurosceptics and remainers: in the event of the probable rejection of plan B in Parliament, it will be postponed for one year until 22 February 2020. At 13,45 pm Theresa May will speak to the Commons.
Futures on Wall Street are flat, heralding a slow trading session. Investors are waiting for news from the Fed which will meet tonight and communicate its conclusions tomorrow.
Euro at 1,143 against the dollar. Gold rose 0,4% to $1.307 an ounce, the highest since May 2018.
The Treasury filled up in the 6-month BOT auction, placing 6,5 billion euros of securities with a coverage ratio of 1,82. The yield fell by 24 basis points compared to the previous auction, returning negative to -0,025% for the first time since April. Demand is also doing very well, just under 12 billion.
The ten-year BTP trades at around 2,67%. About 50 billion euros of Italian government bonds are due to mature this week, while overall, in Europe, the supply of paper is modest, about 20 billion. The auctions of the next few days, especially the important one tomorrow, should go well.
Meanwhile, Germany has placed 3,976 billion of Schatz December 2020 at a yield of -0,58%, unchanged from mid-December. In addition to the auctions envisaged in the calendar, both Austria, Belgium and Greece were activated this morning through a banking syndicate.
Brent oil rose 0,8% to $60,55 amid prospects of an embargo on Venezuela. Saipem +0,78), unchanged Eni
In the business square Azimuth travels around +3,6%. In a note on asset management Deutsche Bank upgraded to Buy, from Hold with a target price that goes from 15 to 15,5 euros.
Well the utilities: Terna +0,97% to 5,39 euros, marks a new historical record. Positive Enel + 1%. Italgas + 1,78%. Snam + 1,1%.
Weak automotive. Pirelli -0,3% recovers from the initial -2%. JP Morgan cuts the target price to 6,60 euros. Brembo -1,1%.
It also misses out stm -1,1%. On which the long wave of losses on Wall Street by Nvidia and Amd is weighing.
Also in Europe the quarterly campaign is about to get underway. The results of 53 companies in the Eurostoxx 600 index will arrive this week, including Philips, Unilever, Deutsche Bank, Banco de Santander and Lvmh.
Out of the main basket.
Vola Astaldi +9,5% in view of possible sales in Türkiye. Gefran +4,5%. Down Fincantieri -0,9%, presented an offer for the Croatian shipbuilding company Uljanic.
