The European stock exchanges are making their big debut in 2020, despite the negative signals coming from the economy of the Old Continent. The Exchange of Milano posts an increase of 1,39%, ahead of Paris (+1,36%), but behind Madrid (+1,53%). Toned too Frankfurt, up 0,87%. London advances by one percentage point despite frictions with China. Beijing has suspended the "Stock Connect" mechanism between Shanghai and the City designed to strengthen stock trading as a warning to the United Kingdom on the Hong Kong issue.
Shines Airbus (+3%) on the news of overtaking Boeing: the European consortium has become the first aircraft manufacturer in the world to have delivered 863 aircraft in 2019, exceeding expectations.
European markets remain sharply higher though the PMI manufacturing index in the Eurozone it slipped to 46,3 in December from 46,9 in November: a reading below 50 indicates a contraction in activity. “Producers in the Eurozone have had a terrible end to the year, with output falling at a record rate since 2012,” Markit chief economist Chris Williamson said. 1,5% in the fourth quarter, acting as a serious drag on the broader economy." In Italy, the index dropped from 47,6 to 46,2, the worst figure since April 2013.
Il dollar it is little moved against the euro, at 1,1205.
Their continues to benefit from a weaker greenback as it changes hands up 0,2% to $1.519 an ounce.
Il Brent it rose by 0,3% to 66,24 dollars a barrel. Oil finished 2019 with its largest gain in three years. Energies on the rise: Eni gains 1,14% (Bernstein raised the target to 20 euros), Tenaris 1,2% and Saipem 0,92%.
Among the sectors, the banks: the sector's European Stoxx index rose by 1,6%, also favored by the rise in yields. The 0,17-year German Bund drops to -2019%, its highest since May 10. The yield on the 1,45-year BTP rises to 5%, +XNUMX basis points.
It flies on the Milanese price list Unicredit (+2,61%), ahead of Fineco (+ 2,15%) and Bper (+1,94%). Continue the march of nexi (+ 2,31%).
He misses out Atlantia (-1,32%). Luigi Di Maio underlined yesterday in a video on Facebook that the Milleproroghe decree, which came into force on December 31, has "started a path" that will allow the government to revoke the concessions to the Benettons". Starting from 2020, a permanent Observatory will be set up in the ministry to monitor the safety checks relating to all roads and motorways managed under concession. Some 95 percent of Italy's motorway network will not be affected by any toll increases this year, the ministry said on Tuesday. The Milleproroghe decree provides for the deferral of the 2020 increases to mid-year. The tariff increases are foreseen only for the Autovia Padana, which has seen an increase of 4,88%.
Telecom Italy + 1,4%.
Automotive is in positive territory, awaiting the December sales data to be released tonight: Pirelli + 3% Cnh +2% and fca + 0,85%.
