Final slowdown for European lists, which closed flat or slightly down, aligning themselves with the mixed performance of Wall Street, where the Dow lost 0,25%, driven by Boeing, -1,6%, after new revelations about the 737 Max's problems, known even to employees.
In Europe Business Square is the best and consolidates over 24 thousand points, (+0,02%), driven by one Ferrari, +2,13%, still running towards new records. Utilities are doing well, banks are weak, but Ps, +19,69%, archives a session to be framed thanks to the promotion by Moody's. The black jersey goes to Finecobank, -3,07, after yesterday's progress. Bad too nexi, -2,15% (12,118 euros per share), penalized by sale of 7,7% of the share capital by Mercury at 11,6 euros per share. The title recedes to 'reduce' according to Akros analysts.
I am pale red Frankfurt -0,06% Paris -0,09% Madrid -0,07% London -0,15%.
The climate is initially effervescent a wall street, which does not seem particularly shaken by the below-expected figure for new jobs in December (145 against forecasts for 160). But after the positive start, when the Dow Jones even touched the unprecedented threshold of 29 points, something changed and the price lists slowed down or changed sign. We are awaiting the signing of "phase one" agreements with China on tariffs next Wednesday, while fears of an escalation in the Middle East seem to remain in the shadows after Donald Trump said that the United States is ready for peace .
On the foreign exchange market, the exchange rate has not moved much euro-dollar to 1,117, while among raw materials gold rose to 1560,75 dollars an ounce. Oil recovers and, after a slow morning, Brent is flat at $65,38 a barrel.
In Piazza Affari, purchases reward utilities, in the light of a favorable report by Bank of America Merrill Lynch, which issued a trio of 'Buys' on Italgas + 1,41% Snam +1,49% and Terna +1,07%. The latter is at its all-time high, already reached in June, at 6,05 euro per share. Brilliant Enel + 1,53%.
Ferrari is the best blue-chip in a buoyant European auto sector after guidance provided yesterday by Germany's Volkswagen, which revised upwards its 2019 sales estimates, which should be slightly better than those for 2018. fca however it remains flat, while Exor it appreciates by 1,13%. Out of the main basket Madiaset, 0,34%, today approved the proposed changes to the governance of the new Dutch holding company, the cornerstone of its pan-European development plan, despite opposition from Vivendi, which is opposing the project in court.
Down stm -1,98% and Ferragamo -1,78%. Sales also include banks, after vigil earnings, in particular Ubi -1,29%; Bpm bank -1,2%.
The spread between Italian and German ten-year bonds decreased to 155 basis points, -2,72%. The yield of the BTP is 1,32%.
