falls more than expectedmanufacturing activity in Europe, but the trend is partly offset by the improvement of service sector. The equity indices are thus traveling in positive territory on the push of the rises of the US and Asian markets.
It's an exception Milano, down 0,3% around 20.300 points. The blow on the stock contributes significantly (perhaps for the first time in a large stock market) to the index Juventus (-8,9%). No less significant was the effect on the recently issued bond, which fell below the placement price, at 98,453 for a yield of approximately 3,7% on the Dublin market due to pessimism about the shift to being replaced and the damage to the club's image.
After the sad sporting interlude, Piazza Affari is grappling with another crash: Prysmian drops by 10% after the new problems with the WesternLink cable, the submarine power line between Wales and Scotland, which seemed to be fixed by now. On the contrary, the service has temporarily stopped, due to a problem that the company is promptly trying to identify and resolve "with the least possible impact".
Among other price lists salt Frankfurt (+0,38%). Positive too Madrid (+ 0,13%) and Paris (+0,09%). Better, outside the Eurozone, Zurich (+ 0,5%).
London +0,6%. BAE Systems loses 6,8%. Britain's largest defense firm said German moves to block exports to Saudi Arabia could affect its most important deals with the kingdom. Salt instead Barclays (+3%): investment banking and equity trading are in progress (+25%).
In February, the PMI index on the expectations of purchasing managers of manufacturing companies in the euro area, decreased to 49,2 from 50,5 in January. The figure is at its lowest since mid-2013 and below the 50 dividing line that separates expansion from decline, even if the contraction, which was influenced by the slowdown of the German locomotive, is balanced by the acceleration of the tertiary sector (52,3 from 51,2 ,XNUMX).
Il BTP it appreciates to 2,81%, from 2,89% yesterday. spread down to 269 basis points from 276 yesterday.
THEeuro it is traded at 1,134 on the dollar: +0,1%.
Il Petroleum Brent is up to 67,2 dollars a barrel, the price is on the highs of the last three months. US Crude Inventories data is released today.
Tenaris reduces losses to 1,3% from -3% of the opening. The company released its fourth quarter 2018 results: adjusted operating income of $279 million, approximately one hundred million euros less than expected, following a very high impact of depreciation and amortization.
The net result, equal to 226 million dollars, was slightly below forecasts. Better-than-expected revenues climbed 32% year-over-year to $2,10 billion.
Tim +0,2%. On the eve of today's board meeting, Arnaud de Puyfontaine, elected on a Vivendi basis, made himself heard by sending a letter to Consob and the mayors of Tim. Meanwhile, the competitor Iliad, in the last part of 2018, recorded a slowdown in the acquisition of new customers: 142 thousand, a quarter of the 561 thousand in August.
They released their results for the quarter this morning Deutsche Telekom (-1,5%) ed Orange (-2%).
Banks down: Unicredit -2%. Intesa Sanpaolo -1%.
Generali +0,3%. This morning the French Axa published the results for the quarter.
Weak Fiat Chrysler (-0,8%). Donald Trump said yesterday evening that he was ready to impose tariffs on cars produced in the European Union, in case no agreement is reached.
Salt instead Moncler (+1,9%): President Remo Ruffini said that 2018 was a good year.
