The anticipation for the US-China trade negotiations and for the publication of the minutes of the last meeting of the Federal Reserve contribute to a uncertain departure for the European Stock Exchanges. The legal proceedings involving the two former collaborators of Donald Trump, Michael Cohen and Paul Manafort, also weigh. Stable Piazza Affari -0,04% above 20.750 points, even Frankfurt +0,03%, London +0,06% and Paris +0,15% moved slightly. Weak Madrid -0,5%.
Lo spread narrows to 260 points (against 263). The 2,932-year yield falls to 2,963% against 10, to its lowest since August 22th. The US government bond yield curve remains flattened, the two-year-ten-year differential drops to 2007 basis points, a new low since XNUMX.
Brent oil gains 0,8% to 73,5 dollars a barrel, the fourth consecutive session of increases arrived yesterday. Oil prices are down Eni -0,3% Saipem -0,6% Tenaris -1,5%. The abrupt braking of Pirelli -4,2% to 7,28 euros after the profit warning of Continental -13% held back by the increase in costs. Decline in sales and claims. Also declining Brembo -2,4% and Sogefi -3,6%. In Paris Michelin -4,8%.
In negative ground too Fiat Chrysler -1%. It takes the downward path Atlantia -1,4% after the denial of the nationalization of Autostrade per l'Italia with the intervention of the CDP. It is talked about in Il Sole24Ore and there are the indiscretions reported by Bloomberg. La Repubblica, on the other hand, underlines how much of the League is against the return of infrastructure to the State, citing, in particular, the governor of Veneto, Luca Zaia. The same newspaper writes that the undersecretary to the Prime Minister, Giancarlo Giorgetti, is working on a compromise solution, which provides for the revision of the key points of the concession, in particular on the issues of duration and penalties.
Under pressure too Mediaset -1%: the government intends to review the duration and methods of the TV concessions as well. Tim +1%. Il Sole 24 Ore states that it is working on ainfrastructural agreement with Dazn to overcome streaming holes. An expansion of the agreements on the contents to be brought to Timvision is also being studied.
Among the banks, Unicredit + 0,4% Ubi Banking + 1,7%. Italian post -0,8%. Generals +0,7%. UnipolSai + 1,6%. Among the utilities Enel -0,7%. Italians -1,4%.
