Rising price lists e spread down: the markets regain serenity, waiting to know what will come out of themeeting behind closed doors between ECB president Mario Draghi and German chancellor Angela Merkel. An axis that represents a dam against political uncertainty.
Piazza Affari stops at +0,94%, again close to the threshold of 19.000 points (18.947), supported by energy prices and by the good results of some companies such as Recordati, in a positive European context and pushed further upwards by a matching opening bell . Paris and Madrid exceed one percentage point, respectively +1,25% and +1,2%, Frankfurt +0,86%. Less tonic London, +0,57%, on the day in which Theresa May announces that Britain will formally start negotiations for divorce from the European Union by the end of March. British Prime Minister today met with Italian Prime Minister Paolo Gentiloni, who believes that Brexit is not a simple negotiation, but towards which a constructive approach is needed. On this occasion, Gentiloni also relaunched an EU with multiple levels of integration.
Wall Street opens higher and the Nasdaq immediately sets new records. The Dow Jones does the same after a few hours, driven by the prospect that Donald Trump will announce tax news in a few weeks. The labor market also appears to be in good health and on the quarterly front Twitter mourns and puffs Cosa Cola, which suffers a decline in revenues for the seventh consecutive quarter, while Kellog celebrates accounts in line with estimates.
In Europe the pressure on the bond is easing, with spreads between 10-year government bonds and the German benchmark generally declining, with the exception of the Greek one which rose by around 2,19 basis points on its highest since November. Positive third session for BTPs: the yield drops to 186.50% and the differential with the Bund drops to 5,04 basis points (-XNUMX%). Moderate optimism filters through from Brussels on the outcome of the negotiations with Italy on public finances, while yesterday the bank-saving decree received the green light in the Senate.
The euro weakens against the dollar, -0,3%, 1,066; Brent appreciates +0,69%, 55,5 dollars a barrel, in the wake of the decline in US gasoline stocks. Oil stocks are benefiting from the climate of Piazza Affari: Saipem +3,13%; Tenaris +1,65%; Eni +1,56%. The preliminary results higher than Recordati's expectations in the fourth quarter boost the pharmaceutical group +4,04%.
Brilliant seat for Fiat +2,62%. On the shields some banks, in particular Ubi 3,63%. The excellent quarterly report supports Mediobanca +1,61%, while CEO Nagel recalls that the stake in Generali should fall to 10%, after the sale of 3% as envisaged in the industrial plan. Good performances by Leone +0,76% and Intesa +0,47%. Great session for Unicredit +1,37%, despite a fourth quarter with a loss of 13,56 billion due to extraordinary items and the adjustments, already announced, relating to the group's restructuring plan. Stm falls, -1,46%, which nonetheless boasts a growth of 19,24% since the beginning of the year.
