Eurozone stock markets are holding up positively, despite the deep crisis in Asian stock markets (Shanghai lost 5,5%) and the new wave of oil price declines. The index Ftse Eb in the middle of the day it is slightly above parity (+0,03%). Slightly below Paris (-0,04%) And Frankfurt (-0,08%).
The crude Brent it marks a drop of 1,9% to 32,9 dollars, the sixth consecutive session of decline and the lowest in the last 11 years. For Morgan Stanley, if the dollar continues to appreciate, oil will fall to $20.
In Piazza Affari the oil companies are positive, but with less vivacity than in the first part of the session. Saipem +1,5% later the phone call between Renzi and Putin on Italy's role in the Nord Stream gas pipeline project. Eni + 0,3% Tenaris + 0,3%.
After an opening in the sign of a slight weakness, i BTP they are returning just short of Friday's closing levels. On the eve of the mid-month auctions, the Btp 10 traded at 1,537%. The ten-year Spanish reference, after the appointment of the Catalan (independence) government returns 1,731% after a maximum of 1,760%.
In Europe, the best sector is the Automotive sector (Stoxx of the sector +2,1%), driven by the increase in Volkswagen (+ 3,7%) and Daimler (+1%). In Milan Fiat Chrysler gains 1,4% in anticipation of Sergio Marchionne's press conference at the Detroit motor show. Cnh Industrial + 1,5%.
Generali (-2%) suffers from the new rumors of the Swiss newspaper Sonntags Zeitung on the possible exit of the managing director Mario Greco, who would be about to be appointed new managing director of the competitor Zurich Insurance.
Much less the impact of a highly critical article in the Financial Times on Unicredit (+0,1%), under fire due to market doubts about the business plan. The newspaper also advances the name of Fabrizio Saccomanni as well as that of Gian Maria Gros Pietro for the after Bazoli in Bank Intesa (-0,2%).
Earn money Telecom Italy (+2%), while Enel 0,2% salt. This morning the shareholders' meeting of the subsidiary Enel Green Power approved the merger with Enel.
In the industrial sector, StM it advances by 1,2%. Finmeccanica + 0,1% Prysmian +0,7%. Bounce Luxury: Ferragamo +1,8% and Moncler +1%. Down Tod’s (-0,5%).
