The European stock exchanges were almost flat at the beginning of the week. After an upward start, in the wake of the first information on the outcome of the Maneuver summit, Piazza Affari fell into negative territory: -0,3% to 18.851 points. Weighs the uncertainty on the text, still not known. But two problems for the EU contribute to favoring a compromise between the yellow-green government and Brussels: the stalemate over Brexit and the breakup of France (Premier Edouard Philippe confirmed a deficit/GDP ratio of 3,2%). In this context, the other price lists are also tinged with red: Frankfurt -0,29%, Paris -0,64%, London -0,39%, Madrid -0,2%.
The spread moves little, around 270 basis points. The ten-year BTP trades at 2,96% (+1 basis points), the two-year one sees the yield go to 0,59% from 0,57% on Friday evening. The Bund is stable at 0,25%.
Brent oil unchanged at 60,4 dollars a barrel: -2,2% last week.
Goes down Eni -0,69%, sells just over a third of a field located in the Gulf of Mexico to Qatar Petroleum: there are no details on the transaction, it should be around 800 million euros. He suffers much more Saipem -3,53%.
He misses out Moncler -2,18% after a brilliant start thanks to an upgrade by Morgan Stanley to overweight from equal weight. The earnings alarm launched by the British retail operator Asos weighs in, down 40% and is depressing the European sector. Ferragamo also fell -1,5% cut by Morgan Stanley
Salt instead Mediaset +2,2% after Friday, with the markets closed, it emerged that Fininvest rose again, recording another 0,90% and reaching 41,18% of the capital. "With Vivendi at 29% and treasury shares just under 4%, the free float is now in the 25% area"- writes Mediobanca- It could be risky to remain short on the stock, especially when one considers that Fininvest could further increase its stake" .
Fight the banks: Unicredit -0,6% Intesa Sanpaolo -0,47% Bpm bank-1,29% Where's Banca -0,9%.
Among the debutants in the main basket Amplifon by mid-morning it gains 1,3. There Juventus yields 1,37% after the Champions League draw which opposes Atletico Madrid. On the other hand, the positive Roma (+1,1%) who will meet Porto.
