Il negotiated on tariffs between the US and China starts uphill. As already reported this morning, the American administration surprisingly added several Chinese companies active in artificial intelligence and video surveillance to the back list, this time in retaliation against the denial of the rights of Muslim minorities in the Celestial Empire. The S&P500 index future anticipates a lower start by Wall Street and the European markets turn red.
Business Square at 13 pm it fell by 30%, around 1,35, in line with Madrid. They do little better Paris (-1,1%, Airbus +1,3% after the quarterly) e Frankfurt (-1,09%). German industrial production improved: +0,3% in August against -0,4% in July.
London limits damage to 0,20% despite the collapse of the securities of the London Stock Exchange (-6%) after the withdrawal of the Hong Kong offer. But cause the Brexit, GBP loses new blows on the euro (+0,7%).
The news that weighed down all the European price lists came from an indiscretion from the BBC. According to British state television, there was this morning a phone call between Boris Johnson and Angela Merkel: it seems that the chancellor has said no to the latest proposals for solutions presented by the British government on the status of Northern Ireland. At the end, the two heads of government would have agreed that an agreement in the next few days is highly unlikely. The knot to untie remains that of the peace accords of 1998 which ended half a century of civil war in Northern Ireland.
On the debt securities front, the Waist it appreciates at -0,59% (-2 basis points). The BTP traffic at 0,84% (-2 basis point). The data on consumption in Italy is disappointing: retail sales fell by 0,6% month on month in August, against the +0,1% expected by economists.
Banks withdraw: Bpm bank (-0,7%), same variation for Ubi. Both would be willing to postpone the presentation of the industrial plans, to the first part of 2020, a few months later than previously announced. It is not known what are the reasons for the eventual shift of the dates. It is legitimate to think that it could be linked to the existence of a negotiation regarding the merger. Meanwhile, Equita notes the advantages for the system from the drop in the spread: the differential halved within ten months, with the 10-year Btp which from the peak of 3,5% in November 2018 today yields 0,84%, representing a gain for Italian banks, especially for the group led by Giuseppe Castagna, which, by raising the payout ratio to 36-42%, would see the stock detach a coupon of between 6,8% and 7,8% in 2019. decline Unicredit (-2%), which should sell at least one billion euro of unlikely to pay non-performing loans before the end of the month.
Thump of Diasorin (-3,8%). The German qiagen, active in the diagnostics sector and one of Diasorin's industrial partners, crumbled on the stock market (-18%) after the publication of the preliminary data for the quarter and the announcement of the resignation of the managing director Peer Schatz. Sales will only grow by around 3%, against the +4-5% envisaged in the plan.
Brazil today is not good for Piazza Affari. Tim falls by 0,7%. America Mobile, one of the Brazilian telephone operators, denies the existence of a negotiation with Telefonica and Tim Brazil concerning the assets put up for sale by OI to reduce the debt. Meanwhile, the Antitrust has decided to move forward, to February 28, the terms of the closure of the investigation into alleged market abuse by Tim.
Fiat Chrysler -1,3%: In Brazil, car registrations rose by 9% in September.
Report cards arrive Deutsche Bank about utilities: Snam -0,8% (DB lowers the target price to 5 euro); Italgas -1,7% (target price reduced to 5,6 euros); Enel +0,5% (target price raised to 7,5 euros).
Moncler down again (-0,7%) due to the Hong Kong effect. Furthermore, HSBC lowered the target price to 42 euros.
Avio (+0,7%) announced this morning the entry into production of the new P120 engines for 14 Arane 6 space rockets.
Continue the descent of sapphire (-7%).
