After Draghi, we return to Earth. The move by the number one of the ECB gassed the markets of all Europe yesterday and will soon have benefits on the real economy, but the next day sees the Stock Exchanges of the Old Continent fall back into negative territory. They all lose, even if only slightly, and in the end only Frankfurt and Madrid are saved: Piazza Affari closes at -0,11%, thanks to a slight recovery in the final stages.
In addition to the foreseeable achievements after the ECB-day rally, the most awaited economic news of the day penalizes the price lists, which brings us back to reality, after the injection of confidence given by Draghi: last month the companies of the United States they have created far fewer jobs than expected: 142, against the 225 expected by analysts. The US labor market is therefore disappointing, after a recent positive trend, and this also forces Wall Street to open the session weakly.
The euro rose slightly against the dollar after yesterday's collapse following the press conference of the European Central Bank, always remaining below 1,30 at 1.29566 dollars against 1,2945 yesterday. The trend, also say the economists meeting at the Ambrosetti workshop underway in Cernobbio, is towards a continuous downward trend, which according to New York University professor Nouriel Roubini could lead the single European currency to even touch 1,20. The spread is still falling, which after collapsing below 140 basis points yesterday, is approaching the 130 step, reaching 131 and closing at around 132 basis points. Not only the ECB is encouraging the downturn, but also Citigroup which this morning raised the rating of Italian institutions which, according to the US bank, do not have to fear the next Aqr: Unicredit, Understanding, Mediobanca e Ubi are the preferred institutes. And in fact the banking sector is bucking the trend in Piazza Affari, with Banco Popolare, queen of the day with an increase of more than 4%, and Bpm and Ubi earning more than 2%.
A great day in Piazza Affari, also for A2a, which closed close to +4% (at 0,8655 euro) after the Lombard utility announced that it had finalized the exchange of the 8,54 stake with Dolomiti Energia % of the share capital of Edipower held by Dolomiti Energia with a stake equal to 7,91% of the share capital of Dolomiti Energia held by A2A. Instead, Cnh Industrial, Exor, Yoox, Campari and World Duty Free suffer.
On the international front, the situation in Ukraine is a little less frightening: the Ukrainian president, Petro Poroshenko, has in the afternoon ordered the army to cease hostilities starting from 15 pm in Italy and affirmed that Ukraine has signed "a preliminary protocol" for a truce with the separatist rebel forces. The Ukrainian president also asked that the authority of the OSCE (Organization for Security and Cooperation in Europe) monitor compliance with the cease-fire and that the agreement include the release of prisoners. According to the Interfax agency, the Ukrainian separatists actually ordered the fighters to stop military actions after the ceasefire agreement
