The week closes well for the European markets even if, after a moment of splendour, the various lists retreat in the second part of the session. Milan stops in positive territory, +0,45%, 19.658 points, with banks still rallying. London +0,38%, Paris +0,24%, Madrid +0,08% also rose; weak Frankfurt -0,13%. Wall Street starts with the turbo, after the jobs data in February, with increases in employment higher than expected and unemployment down, even if wages grow a little less than assumed. The first month of the new president Donald Trump ends with a success, which the tycoon underlines by retweeting "Great agin" by DrudgeReport. The figure raises the probability of a rise in US interest rates by the Fed on March 93 to 15%, and one wonders if there will really be three increases during the year.
The worst, for the advanced economies, seems to be behind us and, also in the wake of what Mario Draghi said yesterday, the euro recovers 0,82% against the dollar, reaching 1,066. However, every coin has its reverse and translates into tensions on the secondary market: the yield on the Italian 2,38-year bond rises to 190%; the spread with the German bund remains below 188.50 points at 1,73 (+XNUMX% since yesterday), because the German paper also adjusts upwards. According to Reuters yesterday the ECB may have discussed whether to raise rates before the end of QE.
Brent in further decline, after the crash of the last session: -0,63%, 51,86 dollars a barrel. Gold falls below the threshold of 1200 dollars an ounce, at 1199,9 (-0,08%).
As we said, the Ftse Mib is driving above all the banks: Banco Bpm +6,6%; Bfor +3,26%; Entente +1,76%; Ubi +2,48%; Unicredit +3,4%, Mediobanca +2,38%; Fineco +1,71%. Campari +1,72% and Prysmian +0,98%. Some industrialists were weak, in particular Cnh -1,2%, Leonardo -1,59% Stm -1,32%. Utilities are down: Terna -1,32%; Snam -0,77%; Italgas -0,36%; A2a -1,57%.
Fiat thud -1,36% which, after the unrequited approach to VW, has strung together a series of lackluster sessions. Volkswagen for its part is preparing a partnership with the Indian Tata, while in Detroit it pleads guilty to three counts in the context of the 4,3 billion dollar agreement reached with the US Justice Department over the scandal on diesel emissions.
Serious situation in Il Sole 24 Ore, even if the stock holds relatively strong, losing "only" 2,15%. According to the latest news, the newspaper's journalists voted in the assembly for an indefinite strike until the director Roberto Napoletano resigns, already discouraged and, as it turned out today, under investigation for false corporate communications together with the former president of the group Benito Benedini and former CEO Donatella Treu.
