Weak European stock exchanges looking forward to tonight's Fed. The lists are then conditioned by the declining opening of Wall Street while WTI oil rises by despite the data on oil stocks which increased by 8,3 million barrels. Asia ended mixed with Shanghai dropping 0,52% and Hong Kong rising 1%. At the end of the session, however, the European markets consolidate the positive sign with London rising by 1,33%, Frankfurt by 0,59% and Paris by 0,54%.
The Ftse Mib instead closed in the red by 0,4% in the wake of the decline of Saipem -11,36% but also of the banks. Waiting to know the details of the agreement, the solution found with Brussels on non-performing loans does not seem to fully convince the markets. If the purchases reward Mps +1,14%, the rest of the sector proceeds in the red with at the bottom the Ftse Mib Banco Popolare -7,8%, Bper -4,07%, among the worst in the main basket. Sales also on and Ubi Banca -3,23%, Unicredit -3,04% and Intesa -0,97%, Bpm -1,52%. Banca Carige -3,67%.
The Btp-bund spread closes at 105 points basis with a yield of 1,5%. Today the Treasury placed 6,5 billion BOTs at a negative rate of 0,08% (-0,038% in the previous auction). In January in Italy consumer confidence rose to 118,9, from 117,7 the previous month, a new all-time high. This was communicated by Istat, specifying that all the estimates of the components of the consumer confidence climate are improving. The business confidence index, on the other hand, fell to 101,5 from 105,6.
In Germany however, consumer confidence remains unchanged for February. The index measured by Gfk shows a value of 9,4 points unchanged from the January index, however better than the consensus which estimated a fractional drop to 9,3 points. On the macroeconomic front in Germany the Government has lowered growth estimates of 2016 GDP to 1,7% from 1,8% “Germany's economy is in good health. The government expects growth of 2016% for 1,7”, commented Berlin in a statement.
In Use Sales of new homes (+10,8%) in the month of December are better than expected. On Wall Street, the Dow Jones rallied by 0,3% while the S&P500 slid by 0,38%. The Nasdaq is down 0,17%. Overseas sales mainly hit Apple on forecasts of declining revenues and Boeing after a profit warning on 2016 results.
In Piazza Affari the sales are also impressive Yoox -4,63% and Finmeccanica -3,81% among the worst of the Ftse Mib. Closing in the red also for FCA -0,86% on the day of the presentation of the accounts and despite the increase in the 2018 targets and for Generali -1,34% after the announcement of the exit of CEO Mario Greco. Among the blue chips, purchases reward Stm +4,41%, Saipem rights +2,88%, Anima +2,24%, A2A +1,66% and Tenaris +1,61%.
