The race of the Milanese index doesn't stop even on the tenth day of an irresistible rally. Business Square at the end of the morning it scored a rise of about half a point around 23.600 points. But this time the rise also involves the other eurozone markets, starting with Frankfurt (+1,05%) which are not affected by the difficulties in forming a new government: this morning Der Spiegel reported that the SPD secretariat voted against the government alliance with the Cdu. Madrid +0,6% and Paris + 0,4%.
in Frankfurt Hugo Boss posts a 2% increase after a rebound in online sales and a recovery on the US market. Deutsche Bank it dropped 1,2% on an investigation into which it is accused of making profits from trading derivatives using a Canadian benchmark rate.
In Paris PSA Group advanced 1,2% after a more than 15% jump in 2017 sales.
Also London it is positive following the slowdown in inflation in December after the peak seen in November.
Il Dollar try to recover from the three-year lows: cross -0,5% to 1,222.
Futures on the stock exchange Wall Street anticipate an upward start of more than half a percentage point, recovering yesterday's holiday close. Today the accounts of Citi and Goldman Sachs will be released.
Il bitcoin it sank 18% to a four-week low near $11.000, after reports that a ban on cryptocurrency trading still remains an option. The crash triggered a massive sell-off across the cryptocurrency market: Ethereum down 23%, Ripple -33%.
According to the final data of Istat, which confirm the preliminary ones, in December the Nic index of consumer prices recorded a variation of +0,4% on the month and +0,9% on the year.
Purchases on bond, after a few sessions of massive sales. The yield of Waist ten-year contract falls to 0,55% from 0,59%. BTP to 1,94% from 1,98%. In view of the exit from the state of aid, the Greece is planning three new government bond issues by next August, to raise funds for around 9 billion with an initial operation, probably after seven years, expected already after 22 January.
Il Petroleum Brent it is trading just below 70 dollars a barrel, slightly down on the highs of the last three years reached yesterday. Goldman Sachs writes that its current oil price estimates are at risk, they could be revised upwards soon. At Piazza Affari: Eni unchanged, Saipem -0,7% and Tenaris -0,3%.
In managed business, after yesterday's leap, the rise of Azimuth (+ 1,2%). Italian post (+0,3%) will explain tomorrow to analysts the new initiatives in asset management starting from the agreement with Soul Sgr. The Treasury Company she was fined by the Antitrust: fine of 20 million euros.
Telecom Italy (+0,3%) has called for tomorrow an extraordinary board of directors: on the agenda is TIM Vision, the joint venture in television with Vivendi.
Fiat Chrysler loses 1,65%. At last night's press conference in Detroit, the managing director Sergio Marchionne has reduced the expectations of imminent extraordinary operations, such as the spin-off of the components and the separation of some brands. The manager believes that US tax reform will help the company reduce its debt. Meanwhile, today's New York Times reveals that in 2019 FCA will put the SUVs produced by Gac, Jeep's Chinese partner, on sale in the US.
Barring political pressure: the US congress he asked yesterday AT&T, the second largest US mobile operator, to end all commercial ties with the Chinese phone maker Huawei Technologies and is contrary to the tlc operator's design China Mobile to enter the US market.
Slightly positive banks. The probable sale of the Npl management platform by Understanding (+0,3%) could set off a domino that will affect the entire banking sector. And the eyes of the market are focused above all on Bpm bank (+ 0,9%) and Where's Banca (+0,4%). Continue the bounce of Banca Carige, up 4%.
