Sales on fca (-12,2%) overwhelm business square, which sinks by 2,59% (19.478 points), in a Europe entirely in the red also due to the declining economic estimates by the EU Commission. Italy, with its enormous debt and low growth, also pays a particularly high price in bonds: the 3-year yield rises dangerously towards 2,94% (XNUMX%) and spread with the Bund it expands to 282.70 basis points (+6,6%). As if that weren't enough, the beautiful country is increasingly isolated in Europe, after the France has recalled its ambassador for consultations, faced with "a serious situation" that "has no precedent since the end of the war". It should be remembered that Deputy Prime Minister Luigi Di Maio met representatives of the yellow vests in recent days.
In the rest of the continent: Frankfurt -2,67%; Paris -1,84%; Madrid -1,79%; London -1,09%. Fears of a global economic slowdown are also holding back i US price lists, which accelerate downwards after Larry Kudlow, economic adviser to US President Donald Trump, speaks of a "significant gap" in the negotiations on the Washington-Beijing axis.
They also weigh some quarterly, such as that of Twitter (-11%). fca (-12,3%) also sinks in New York, after the accounts, although earnings and revenues were up in last year's fourth quarter. However, the weakness of China disappoints, with a consequent loss in Asia and above all the 2019 estimates, with cash flow declining and adjusted Ebit 10% lower than consensus.
Euro-dollar slightly moved, at 1,135. dates backgold: $1310,24 an ounce. Bad instead the Petroleum, Brent, -2,44%, 61,16 dollars a barrel.
The weakness of black gold affects Saipem, -6,09%. In Piazza Affari the losses are heavy even for Prysmian -5,78% Exor -4,73, stm -4,58%.
Bucking the trend after the results presented is Cnh +1,21%. Well Diasorin +1,37% and Campari +0,38%. Among the banks you save only Bpm bank +0,84%, despite the excellent results of Mediobanca (-0,34%) And Unicredit -1,92%%. The worst is Understanding -2,75%. A report by Moody's weighs on the credit sector according to which the entry into a technical recession of the Italian economy in the second half of 2018 could negatively affect the sector, especially if it continues.
