The eclipse of the Stock Exchanges lasted only one day, in fact today the European lists have recovered compacts pushed by banks, technology and cars, while Wall Street proceeds in contrast, with Apple in cash and Tesla still in the deep red.
Milano it is the best place and rises by 2,03% to 21.844 points, driven by the Agnelli galaxy. They shine Frankfurt +1,27%; Paris +1,36%; Madrid +1,88%. More opaque London, +0,58%, overshadowed by the consequences of the English variant of the coronavirus and the risks of a no-deal Brexit, which is being fought against in the hope of closing the agreement in the Cesarini area. To meet the British, Brussels also today issued a "recommendation" in which it asks the member states, frightened by the greater contagiousness of Covid2, not to interrupt the flow of essential goods and to allow EU citizens stranded across the Channel to return home. The big picture weighs on the GBP, down against the euro and the dollar.
On the other hand, the 892 billion dollar economic aid plan approved overnight by the US Congress contributes to restoring a good deal of investor confidence, together with the 1.400 trillion budget to finance the federal government's activity in the fiscal year 2021. Only President Donald Trump's signature is missing to close the game before Christmas.
The propensity for risk then makes use of the reassurances of scientists on the effectiveness of vaccines even against the most contagious mutation of Sars-Cov-2 recorded in Great Britain. “There's no reason to be apprehensive or worried until we have the data,” noted Biontech CEO Ugur Sahin. Whether the vaccine also works with the English variant will be known in a couple of weeks, after conducting the necessary experiments, in any case the company is able to provide a new antidote "in six weeks" in the event of a mutation of the virus.
From the rich agenda of macroeconomic data, we note the final data on US GDP in the third quarter, + 33,6% against + 33,1% of the first estimates. The decline in German consumer confidence in January: -7,3 points compared to -6,8 points in December. It is the third consecutive decline, but the figure is better than analysts' indications (-9,5 points). The forecast of a slowdown in the last quarter in the euro area by the various statistical institutes, after the leap in the third quarter. Ifo, Istat and Kof assume -2,7% in the last three months, for an overall fall of 2020% in 7,3. The International Monetary Fund also speaks of "downside risks", emphasizing that economic activity should recover more gradually than expected in the World Economic Outlook and that "the new wave requires further national aid". For this reason, the IMF points out, "stimuli should not be withdrawn prematurely".
Fears of a decline in fuel demand globally continue to weigh on the Petroleum: Brent -1% to 50,40 dollars a barrel. Gold futures are also moving in the red, -0,67%, 1879,15 dollars an ounce. While Bitcoin remains close to the highs, at $23.324, up 1,88%. The euro dollar is in favor of the greenback and the exchange rate slips to 1,217.
The main price list of Piazza Affari is led by Exor, +5,18%, which is appreciated with fca +2,44% (which yesterday received the green light from the European Antitrust to merge with PSA) e Ferrari + 2,59%.
Progress for financial stocks. In managed savings, the best is Azimuth +3,93%. It stands out among the banks Bpm bank +3,24%. Well too Understanding (+ 0,73%) and Unicredit (+1,44%). Yesterday evening the Unicredit board of directors approved the conditions of the agreement for the consensual termination of the relationship with the CEO Jean Pierre Mustier, who "will leave the group without any good exit or any other termination indemnity, other than those required by law/ collective labor agreement as general manager”, i.e. the “so-called 'termination duties'”. Outside the Ftse Mib, Mps, -0,38% on which Fitch yesterday revised the rating watch to 'negative' from 'evolving'.
Money up stm + 3,78% nexi + 3,3% Enel +2,74%; Buzzi +2,53%; Telecom +2,52%. During the session it changed direction Atlantia, which closes with an increase of 3,15%, despite the experts of the Genoa magistrate having established that the collapse of the Morandi bridge was caused by a combination of elements, including design deficiencies in the construction details and execution defects, but also from the lack of interventions.
There are only two blue chips in decline: Diasorin -0,87% and Tenaris -0,27%.
The bond is stable: lo spread between the Italian and German ten-year bond it remains at 112 basis points (+0,26%) and the BTP rate marks +0,53%.
