After yesterday's brief interlude, the mood of the markets returns to uncertainty and the European stock exchanges close drop, despite the good recovery of oil. Currently the Brent marks +1,86%, 62,5 dollars a barrel. Milano it retreats by -0,51%, 22.092 basis points, still suffocated by the problems of some banks, even if the securities of the sector today close in no particular order.
Out of the main basket it regains share Ps, +6,22%, which has lost 25,22% since its return to the Stock Exchange. Banca Carige instead it is suspended by Consob pending a new order and certain news on the capital increase. Perhaps a clearing is looming on the horizon, with Malcalza and Volpi ready to sign the operation for the 17,6% stake in portfolios and the Consortium of banks should decide by tonight.
Caporetto for Creval, which fails to price at the opening and finally closes down 25,22%. Borsa Italiana announces that from Monday and until a subsequent provision on the ordinary shares of Credito Valtellinese it will not be permitted to place orders without a price limit.
Worst European square is Madrid, -0,78%, follow Frankfurt -0,41% and Paris -0,32%. Flat London -0,08%.
Amsterdam loses 0,58%, weighted by Altice -12%, due to fears about the sustainability of the telephone group's debt.
Out of tune starting a Wall Street, with the Dow likely to end the second straight week down. The press reports on Russigate and the uncertainties on the tax reform weigh heavily. Yesterday the markets toasted the go-ahead from the Chamber, but today they are once again questioning themselves about the most difficult path to take in the Senate, in the times and ways desired by Trump. At the corporate level they are well bought Tesla and 21st Century Fox, while Abercrombie & Fitch rejoices after the bills.
The exchange rate hasn't changed much euro dollar, 1,179; positive their, which exceeds 1289 dollars an ounce.
Shock-free sitting for the Italian secondary, with the BTP 10 years which maintains the yield of 1,84% and a stable differential with the Bund, 147.00 basis points (-0,2%). According to Mario Draghi, the economic recovery underway in the euro area is independent of the ultra-expansionary monetary policy, but Frankfurt has decided to extend the purchase program with the aim of preventing expectations of rate hikes. The number one of the ECB also has pulled the ears to Italy, warning that growth cannot be expected to reduce debt.
Returning to Piazza Affari: the best blue chip of the session is Exor, +2,01%, also thanks to Kepler Cheuvreux who raised the target price from 59,6 euros to 60,9 euros. Well Finecobank + 1,6% Unipol + 1,19% Bpm bank +1,06%. Crude oil prices push Tenaris +1,42%. At the bottom of the list Mediolaunum Bank, -1,98%, after a series of positive sessions. In red telecom, -1,52%; Recordati -1,55%; Enel -1,51%; Ynap, -1,38%.
