Rebound tests for Piazza Affari. The Milanese stock market, fresh from negative sessions and which has already lost 16% since the beginning of the year, tries to react and around noon the index Ftse Eb comes to gain more than 1% to 17.627,97 points. The other European Stock Exchanges also recovered: London +1,42%, Frankfurt +0,6%, Paris +0,4%.
Driving the markets is mainly the oil rebound, with crude oil recovering with Brent above 35 dollars (+0,37%), to the highs of 2016, also thanks to the depreciation of the dollar, and the Wti which stands at 32,65 dollars a barrel (+0,84 %). Stable the Btp-Bund spread in the 115 points area, with an Italian 1,44-year yield of XNUMX%, while the euro-dollar exchange rate is at 1,1176.
In Piazza Affari the best titles are consequently the energy ones, with Tenaris who leads the Ftse Mib gaining 4,5% a 9,335 euros ed Eni which rises to 12,74 euros. Also worth noting Mediaset over +3% , levy of banks: the best at the end of the morning is Intesa Sanpaolo with +2,39% at 2,4 euro per share. They recover, even if more timidly, even the Popular, hit yesterday by sharp declines: today they are all with a plus sign except Bper, which continues to lose 1,26%. positive Ansaldo Sts which rose by 0,86% to 9,94 euros, above the price of the Hitachi tender offer, revised upwards on Wednesday evening by Consob to 9,899 from 9,5 euros, as requested by minority shareholders.
There are no negative notes. Another dramatic day for rights Saipem, which still plummet by more than 30%, while the same share of the energy company yields 4% at noon to 0,5165 euros. He also suffers Fiat Chrysler Automobiles on a busy day for the auto sector in Europe, with the Eurostoxx leaving 1,85% on the ground, weighed down in particular by the drop in Daimler in Frankfurt. In Piazza Affari FCA marks a drop of 2,59% to 5,825 euros. In one month, the stock has lost 30% of its value (last January 4, a month ago, was the first day of listing of the spun-off Ferrari, today down by 0,94%, from a drop of 24,19. XNUMX%).
On the macroeconomic front, this morning the president of the ECB Mario Draghi reiterated the willingness to take new anti-deflation measures, adding that there are "global forces conspiring to keep inflation down." The update also arrived in the morning macroeconomic forecasts by the European Commission, which record a still uncertain economic picture. In particular, the EU has cut its GDP estimates in the euro area this year from 1,8% to 1,7% while it confirmed it for 2017 at 1,9%. For the EU, 1,9% this year and 2% next year (November estimate 2% and 2,1%).
