European markets are holding back after the profit warning of Société Générale (-3,6%), a sinister message at the beginning of the quarterly and quarterly season tensions on Huawei, in the crosshairs of US justice but also grappling with the German authorities. Business Square (-0,44%) travels in the red around 19.450. In the same minutes, Frankfurt -0,46% and Paris -0,5%. It gets worse at London (-0,7%).
Solid income market: the spread on the BTP it is in a further slight decrease to 254 points. The 5-year is at its lowest for six months, the two-year trades below 0,3% at its lowest since the end of May.
Spain placed 4,6 billion euros in government bonds this morning, with yields slightly below previous auctions.
Consumer prices in December in the euro area showed a growth trend of 1,6%, in line with consensus forecasts, but slower than the 1,9% in November.
Istat announced that in November the balance of the Italian trade balance recorded a surplus of 3,843 billion compared to 4,668 billion in the same month of 2017.
On the macro front, the drop in the Petroleum at 60,7 dollars a barrel on the back of record production in the US - close to 12 million barrels per day - and persistent fears of a weakening of global demand
in light of the new tensions on trade between the US and China. Saipem unchanged. Eni + 0,2%.
Gold little moved at 1.291 dollars an ounce. Euro dollar at 1,139, unchanged.
The impact of the drop in SocGen on Italian banks is modest. Well Bper (+0,4%), on parity Bpm bank, Ubi -0,4%.
Achievements also on managed savings: Fineco e Azimuth they lose around the percentage point.
Generali -0,5%. Citigroup cut rating on Sell.UnipolSai is up 1,1%. Mediobanca adjusted the target price to 2,10 euro from 1,90 euro, confirming the Neutral rating.
Male stm (-2,5%) together with all European chip manufacturers after the warning of the Taiwanese TSMC.
Well instead Telecom Italy (+1,6%) pending the afternoon board meeting.
Mediaset -4%. Bofa cut the recommendation to Underperform. Fininvest increases the share capital again, buying 30,150 million shares on the market in December, equal to 2,55% of the capital, according to what emerges from internal dealings.
Slow down on the stock market after the Super Cup victory la Juventus (-2,6%). The club today signed an agreement with Chelsea for the loan of Gonzalo Higuain until the end of the season.
Shyly positive Cnh Industrial after the rumors about the possible interest of the Chinese Geely.
