From the winds of trade war to the winds of war, full stop: the stock markets are suffering from the climate of tension between the United States and Russia due to Syria and European lists close down. Wall Street also opens weakly, although the Nasdaq is attempting to recover with Netflix significantly higher. Facebook did well too, on the second day of Mark Zuckerberg's testimony to Congress. The minutes of the March Fed meeting are expected in the evening.
Piazza Affari stops at 23.012 points, -0.69%, with Exor (-3,19%), Telecom (-2,89%) and Mediaset (-2,73%) at the bottom of the list. In light of the stocks of fashion and oil, the latter supported by the further leap of black gold, Brent +2,03%, 72,48 dollars a barrel. Oil moves to its highest level since December 2014, with tensions in the Middle East and despite the weekly US stocks released today, they are higher than expected.
Fractional losses in Frankfurt -0,83%; Paris, -0,56%; Madrid -0,28% and London -0,13%. In terms of exchange rates, the euro strengthened slightly against the dollar, reaching 1,238 (+0,25%). Gold grows, which reaches 35,35 euros per gram (+1,31%).
Positive closing for the bond: the yield on the 10-year BTP falls to 1,78%; the spread with the German counterpart widens slightly to 128.30 basis points (+0,63%), due to the greater appeal of the Bund in the situation of lower risk propensity, due to the escalation of threats between the United States and Russia after the suspicion chemical attack in Syria.
Returning to Piazza Affari, among the best stocks of the session there are oil companies. Saipem, +2,08%; Tenaris +1,73%. Eni gained 0,78%, after reaching a year high during the day, and then partially lose altitude. Fashion did well with Moncler, +2,18% and Ferragamo +1,62%. Tonica Unipol, +1,35% also due to rumors of a possible partnership with Poste (+0,3%) for insurance products, especially in the non-life business, following the agreement signed by the latter for the distribution of products banking and wealth management with Intesa (-0,86%).
Telecom maintains the primacy of trading, but after having achieved increases of more than 10% in recent sessions, today sales prevail over the stock. Leonardo -1,95% and Prysmian -1,9% were also weak. Banks in the red. Luxottica dropped 1,73%, after the relegation from "buy" to "hold" by Equita.
Out of the main basket football triumphs: Rome, +23,71%, celebrates the surprise victory over Barcelona and access to the Champions League semi-finals. Lazio is also on the rise, + 3,15%,
