Negative closing of the week for Piazza Affari, which lost 0,78%, falling to 19.576 points, last in Europe, weighed down by the banks and by Juventus (-7,46%) in the black jersey. The bondholder also suffers which, after having withstood the technical recession signaled by the drop in GDP in the fourth quarter of 2018 yesterday, succumbs today to the collapse, in January, of the manufacturing activity index, to its lowest level in five years. The Italian 2,73-year yield rises to 256.30% and the spread inflates to 4,91 basis points (+2%). The decline can be seen across the entire curve: the 0,43-year BTP rate closes at 0,28% from 0,48% yesterday evening (with a peak of 30% in the session) and the 2-year benchmark almost yields 3,58 figures with the rate stopping at 3,48% from XNUMX% at the end of the previous session.
The other European lists contrasted, moving away from the lows of the session in the final thanks to the good performance of Wall Street, where even the Nasdaq moved above parity, despite the decline of Amazon (-4%). The index, together with the Dow Jones, is starting to file the sixth consecutive week up. Good macro data, especially the employment report, with an increase of 340 jobs in January, against +165 thousand expected. Hourly wages increased in one month by 0,11% against forecasts of +0,3%. Numbers that allay any fears of an economic slowdown in the US as well, only to then verify the effects they may have on the Fed's patience on rates.
In the rest of Europe Madrid suffers, -0,41%, in turn penalized by the accounts and the consequent stock market performance of some banks such as Caixabank (-7,27%). Flat Frankfurt, +0,07%, with the slowdown of German manufacturing. Positive Paris +0,53% and even more London +0,75%. The euro is well tuned against the major currencies. The exchange rate with the dollar moves in the 1,148 area. Oil travels up, also supported by the new strength tests of the US economy, after the data on jobs. Brent +1,97%, 62,04 dollars a barrel; Wti +1,76%, 54,99 dollars a barrel. Gold contracted slightly, around 1316,6 dollars an ounce.
In Piazza Affari the most suffering banks are Ubi -4,06% and Banco Bpm -3,41% with Banca Generali -2,82% and Mediobanca -2,84%. The octave closes in red for the sector, waiting for many lenders to lift the veil on their numbers next week together with other important financial stocks: Banco Bpm will open the dance on Monday; on Tuesday Finecobank (-1,33%) and Intesa (-1,61%). Thursday Unicredit (-2,74%), Mps (-2,15%) and Unipol (-0,08%). On 8 February it will be the turn of Carige, still suspended from negotiations. Tensions arose today on the Genoese bank in the finance committee of the Chamber, on the decree law with the support measures. The 5 Star Movement pushes to introduce changes and resists the opposing pressures coming from the Ministry of Economy, supported by the League.
The positive side of the Ftse Mib is led by Diasorin, +2,63%, following the certification by the Food and Drug Administration (FDA) for the sale on the US market of the Calprotectin Liaison test. Well Moncler +1,95%; Cnh +1,75%; Ferrari +1,66%; Prismian +1,17%.
