The worst session of November and the worst week in three months: the European Stock Exchanges close in the red again today, while Wall Street continues trading at a slow pace, on a semi-holiday day, after a subdued opening. In general, the price lists remain close to the maximum for two years, but something is creaking these days.
Square Business closes the session at 22,560 points, -0,36%, influenced by many quarterly results. The Ftse Mib is trailing in the red from Leonardo -21,55%, which fails to stem the sales on the title after the accounts presented yesterday and the objectives revised downwards. Bad too Telecom, -1,66%, in swing with the quarterly and the CEO Amos Genish who states: "Tim will own the network today and in the future" and excludes the sale of Tim Brasil.
Banks close in contrast: Bpm bank, after the recovery of the eve and accounts in line with forecasts, leaves 2,77% on the ground. Creval -10,87%, does not find the bottom. In reverse Unicredit earn 1,93%. Sales focus on Brembo -3,2%; Azimuth -2,29%; Ferragamo, -2,22%.
Purchases reward stm +2,3%; Generali +1,55%; Italgas +1,08%; Moncler + 1,1%.
Worst European square is London, -0,68%, on the day when Theresa May fixes Brexi date and timet: March 29, 2019, at 23pm. The pound is losing slightly against the single currency (-0,36%).
Fractional dips for Paris -0,5%; Frankfurt -0,42%; Madrid -0,48%.
The main stock exchanges in New York are moving in negative territory, with the question of tax reform taking center stage, since the versions of the House and the Senate diverge on a crucial point, i.e. the timing for the lowering of the corporate tax rate from 35% to 20%. Consumer confidence was also down in November and worse than expected, according to preliminary data processed by the University of Michigan.
The euro it remains in the 1,165 area against the dollar.
Positive oil, Brent 64,08 dollars a barrel, +0,23%.
On the secondary side, the Italian card changes sign during the session. The yield of BTP 10 years rises to 1,9%, while the spread with the Waist it widens to 148.30 points, +1,99%. Investors are tending to adjust their positions ahead of next week, one of the richest in commitments for the entire euro area, with an overall offer of around 30 billion euros.
Meanwhile in the morning they were assigned Boots $5,5 billion annually to a new all-time low. The simple weighted yield was -0,395%, six basis points lower than the previous auction.
