The drop in oil stocks conditioned the last session of the week on European lists. In Milan the index FtseMib drops by 0,5%, to 20.006. Eni loses 3,5%, Saipem -5,2% Tenaris -4,4%.
The Exchange of Paris retreats by 0,3% with Total down 3,1%. TO London the Ftse 100 index falls by 0,1% with Bp which loses 1,6%. The Exchange of Frankfurt loses 0,3%. The European oil sector loses 4%. Exxon loses 3,6%, Texaco -3,9%.
Dominating the market was the new decline in crude oil: the Brent it is trading at 72,9 dollars a barrel, up 0,5%, after yesterday it lost 6,6%; The wtf between yesterday and today it lost 6,1%, falling to 69,1 dollars a barrel.
Less busy Wall Street, which will close its doors three hours early on Black Friday, the start date for Christmas shopping. The closing of the sixth upward week is in sight. At 18 the Dow Jones rose by 0,29%, the Nasdaq by 0,44%.
The yield of Btp to 10 years it is at an all-time low at 2,04% (spread at 133 basis points) after Mario Draghi reiterated yesterday that the ECB is ready to launch new extraordinary measures to ward off the risk of deflation.
Meanwhile, inflation data report a new slowdown in European prices to 0,2%. For Crédit Suisse, if one considers the impact of the recent drop in crude oil, it is easy to predict zero inflation for December, a new stimulus for QE in the Old Continent.
Speaking of oil, the declines also have positive effects. Airlines Stocks Rise on Lower Fuel Impact: AirFrance earns 5,5%, Lufthansa + 4,4% Easy Jet +1,8%. In the USA Southwest Airlines + 5,9% Delta + 7,1%.
In Milan the most travel-related titles are Autogril (+ 1,4%) and World Duty Free (+ 1,1%).
Among the banks go down Unicredit e MontePaschi, down by 0,6% and 1,1% respectively. Understanding +0,4%. On the rise Telecom Italy (+ 2%) and Mediaset (+0,7%). Down Enel (-0,4%) And Enel Green Power (-0,6%).
Among industrial stocks fca falls by 0,7%, Cnh Industrial -3%. They go up Finmeccanica (+1,54%) and the subsidiary Ansaldo Sts, pending the formalization of the offer by the Chinese consortium for Finmeccanica's transport activities.
In sharp decline Buzzi (-1,7%) And Prysmian (-2,5%), which could have negative repercussions from the drop in crude oil. Among the luxury stocks they shine Tod’s (+ 3,2%) and Yoox (+ 3,6%). Brunello Cucinelli salt by 4,5%.
