Contrast the European stock exchanges, orphaned by Wall Street, closed for the Thanksgiving holiday. However, Donald Trump conditioned the session with the signing of the measures on Hong Kong which have aroused bitter controversy from Beijing and risk slowing down the negotiations on tariffs. Held back by this risk, the markets proceed downwards, Business Square drops 0,7% around 23.300 points, also weighed down by the heated controversy over the reform of the stability mechanism, more than Frankfurt -0,3% Paris -0,2% and Madrid -0,1%. London loses 0,4%: the City is also affected by the coupon detachment of some stocks, including Vodafone, and by the strengthening of the pound.
Worse than expected, the data on business confidence in November equal to -0,23 points. The general economic index, equal to 101,3 points, is slightly above expectations (101).
The Treasury awarded today BTP and CCTeu for 5,75 billion euro, the maximum amount envisaged (4,5-5,75 billion). The 2030-year BTP (expiring in April 1,29) was allocated at a rate of 13%, up (+1,22 points) compared to the yield on the same bond which was assigned a month ago. The coverage ratio was 1,29 (up from XNUMX previously).
The Treasury also allocated the 5-year BTP (maturity February 2025) for 2,25 billion at a rate of 0,64%, up 21 basis points compared to a month ago. Demand was approximately $2,9 billion with a coverage ratio of 1,29, down from 1,38 previously.
Also allocated CCTeu 6-year maturing in January 2025 for a total of 750 million. The gross allotment yield was 0,71%. The coverage ratio of 1,75.
Realizations on banks are accentuated, favored by the BTP auction which has seen an increase in rates.
After the positive sign of the opening, asset management has also been affected, which has large spaces to take advantage, Azimuth -2,7% General Bank -1,8%. Among the banks the worst are Bpm bank (-1,7%) And B for Bank (-0,9%).
Il Petroleum Brent fell 0,7% to $63,5 after data showed US inventories of oil and gasoline increased.
In Piazza Affari it advances Saipem +0,6% after announcing the signing of two contracts, for a total of 750 million euros, for the construction of wind farms offshore in Scotland and Taiwan.
He still suffers Atlantia -2,4%: in the majority the hypothesis of proceeding with the revocation of the concession to Autostrade per l'Italia is gaining momentum. Fidentiis confirms 'hold' on the stock and mentions as negative elements, in addition to the risk of revocation of the concession in Italy, the legal dispute with the Spanish government for Acesa, an Abertis subsidiary.
Mediaset stable, while negotiations continue for a possible agreement with Vivendi that eliminates the obstacles to the Italian group's project to create a pan-European player.
Team -1,13%. According to Sun 24 Hours, the government is pushing for an integration of Open Fiber into Tim. The latter could present an offer for 50% of the share of Cassa depositi e prestiti (Cdp) paying with new shares. In this case, CDP could rise to 22% of Tim, becoming its first shareholder.
Orange has meanwhile denied the rumors according to which Deutsche Telekom would be looking at an aggregation with the company.
But there are other news on the telecommunications front. Telefonica announced a restructuring of the Group's activities which provides for the separation and enhancement of the Hispanic-American business, the concentration on the four main markets (Brazil, Spain, Germany and the UK), the establishment of two new companies to enhance 3 highly growth potential.
New all-time high for nexi +0,8%- Advat Moncler + 2%.
Among the thin Pierrel +3,3%, after record sales in North America. The PIR effect, with the obligation to invest in micro-enterprises introduced by new rules, should support small-cap stocks. Still shopping Fiera Milano (2%); among the best in the Basic Net, Aeffe, Guala Closures list.
