The winds of peace between the US and China, the positive data on US manufacturing and the confidence of oil are fueling optimism on the markets today. The European lists closed sharply up with Frankfurt +2,62%, Paris +1,7%, Madrid +1,85%, London +1,93%. Wall Street travels well tuned thanks to technological and industrial, despite the thud of Tesla, after the announcement of redundancies and forecasts of profits decreasing compared to the previous quarter, and the red of Netflix, in the wake of the accounts presented yesterday.
Piazza Affari +1,22%, 19.708 points, is slightly behind mainly due to Telecom -7,86%, overwhelmed by a wave of sales following the unexpected downward revision of the 2018 estimates and the not very encouraging forecasts for the first part of 2019. Oil prices are on the rise, while banks stop in no particular order. The positive trend of the secondary sector also continues: the yield on the 10-year BTP falls to 2,74% and the spread with the German ten-year bond fell to 247.20 basis points (-1,47%). Confidence in Italian debt returns, even if the risk that the 2019 accounts do not improve. In fact, the bulletin released today by Bank of Italy paints a picture of a technical recession, with a drop in GDP in the fourth quarter of 2018 after the drop in the third quarter and an estimate of growth for 2019 that drops to +0,6%, against + 1% billed by the government.
The euro is declining against the dollar, around 1,135 and recovering against the pound, with the exchange rate at 0,88081. In a more risk-averse climate, gold is clouding a bit and is nearing $1282 an ounce. On the contrary, oil moved sharply up, with Brent rising to 62,57 dollars a barrel (+2,27%). At the Nymex crude oil comes close to 54 dollars a barrel. The International Energy Agency has boosted the quotations, according to which OPEC production has slowed down.
The trend favors the oil stocks of Piazza Affari: Saipem, +3,91%, thanks also to two new contracts awarded by Saudi Aramco for a total amount of approximately 1,3 billion dollars; Tenaris +3,55%; Eni +2,87%. The best stock of the Ftse Mib is Stm, +4,14%, after the losses on the eve. Well Leonardo +3,77%: the company has been awarded a new contract worth 293 million pounds (about 325 million euros) with the UK Ministry of Defense for the provision of full support and maintenance services for the fleet of Apache AH Mk helicopters .1. Purchases on Diasorin +3,08%.
Fractional losses for Atlantia, -0,66%, which indicated Giuliano Mari for the position of president of Autostrade per l'Italia and Roberto Tomasi (current general manager) for that of managing director. The Aspi assembly which will have to proceed with the appointment of replacements for the resigning Fabio Cerchiai and Giovanni Castellucci is convened for next January 30th.
The banks closed a session with little movement, between the drop of Banco Bpm -1,62% and the rise of Intesa +1,12%. On the Carige front, it should be noted that the go-ahead from the EU Commission has arrived to the scheme developed by the government to guarantee the bonds issued by the Ligurian institution and help the bank raise the funds it needs. According to Reuters sources, the issue guaranteed by the state that Carige is preparing to launch in the early days of next week should have an amount of over one billion euros and a short-medium term.
