The momentum of the markets weakens at the end of an effervescent week: European stock markets close in fractional decline and Wall Street aligns itself with this climate, after the records set yesterday.
Business Square it is still among the best, -0,05% (24.478 basis points) and finds a substantial balance between sales and purchases, waiting for Fitch to issue its verdict on the rating tonight. The larger banks are fine, while on the extreme sides of the main list there are Cnh and Finecobank. The first stock lost 4,94%, after the Italian-American group presented falling 2019 revenues and rising profits, but also a dividend (0,2 dollars) lower than analysts' estimates. Also announced a cut in the guidance for 2020 due to "difficult market prospects". Fineco on the other hand, a session ended on escudos, +3,71%, thanks to the trend in January collection, positive even if lower than a year ago.
In the rest of Europe: Frankfurt -0,44%; Paris -0,14%; Madrid -0,03%; London -0,53%; Zurich -0,13%. Credit Suisse, +0,23%, appreciates resignation presented yesterday by Tidjane Thiam, CEO of the group, at the center of an ex-employee tailings scandal. His place will be taken by Thomas Gottstein.
On the currency market theeuro it moves below 1,1 against the dollar, while bad news on German growth is coming from the macro front. Industrial production in December fell by 3,5% compared to November, this is the worst economic figure for ten years now, as observed by the analysts of Intesa San Paolo. The cut in China's growth estimates by S&P also contributes to today's uncertainty: +5% from +5,7%. Overseas, meanwhile, the Fed, in the Monetary Policy Report, which is drawn up twice a year, argues that the coronavirus could have repercussions on the American and global economy even if the risks for US economic growth have decreased. Today's marine data is mixed: good new jobs, but unemployment is growing slightly.
The raw materials are not moved: thegold trades around $1571,35 an ounce; The Brent it fell to 54,74 dollars a barrel (-0,35%).
Returning to Piazza Affari, it is placed in the top ten of the most capitalized stocks Leonardo +3,14%. Banks do better in the final: recover Mediobanca +2,74%, pending next steps by shareholder Leonardo Del Vecchio; Well Bpm bank +2,5% later the accounts presented yesterday; in wake Ubi +1,43%. Bucking Bper -0,94%.
Out of the main basket Ps, -1,65%, closed a volatile session lower after announcing losses exceeding one billion in 2019. Still dusting Creval, + 3,68%. Cattolica Insurance -1,37% after the cut of the estimates.
Sales penalize oil stocks such as Saipem -2,77% and Tenaris -1,86%.
The Chinese epidemic continues to worry luxury, Moncler -2,22%, but also the auto sector, weak throughout Europe. In Milan fca it dropped 1,63%.
Money up Azimuth +1,49%; Post +1,02%; Enel + 0,58%.
The bond is stable: lo spread between the Italian and German ten-year bond it remains at 136 basis points and the BTP yield remains below the 1% threshold (0,94%). The document on balance sheet aggregates, edited by the Bank of Italy, states that in January the Target2 debt fell to 383,248 billion euro (a negative record for three years now) compared to 439,449 billion in December.
