BUSINESS PLACE CLOSES IN RED BEFORE CHRISTMAS – EURO AND OIL RISE, BUZZI AND CNH GOOD
Volumes below average, prices slightly down. The European stock exchanges are approaching Christmas without great emotions. In Milan, the Ftse index lost 0,2%. The London Stock Exchange rose by 0,8%, that of Frankfurt lost 0,2%. Madrid, which yesterday lost 3,6% following the outcome of the vote, recovered 0,6%.
The BTPs closed the session down: the 1,649-year yield rises to 104%, spread to 120. Tensions on the Spanish Bonos decrease: the spread with the Bund drops to 130 (against 17). The gap with the BTPs is 24 points (compared to 1,097 yesterday). The rise of the euro continued during the day, strengthening to 1,091 against the dollar from XNUMX at the close.
The rise in oil is supporting the lists: WTI crude gains 0,9% to 36,4 dollars a barrel and Brent crude gains 0,1% to 36,2 dollars. The two types of reference have eliminated the price differential in recent days. the stocks of oil companies came to the fore. Eni + 0,9% Tenaris 1,8%, Saipem + 0,5%.
The American stock market is also up: the S&P500 index rises by 0,2%, Nasdaq +0,2%, Dow Jones +0,2%. Before the start of negotiations, the final data (third reading) was published on the performance of the US economy in the third quarter, GDP growth was 2%, slightly less than the +2,1% of the second reading, but higher than economists' forecasts (+1,9%). In November, 4,76 million existing home sales contracts were closed, down 10,5% from the previous month and much worse than consensus estimates (5,35 million).
Automotive News revealed that A +0,5% started talks with Ford +3% for jointly building cars that don't need a driver. In Milan, a sharp turnaround for Rcs: from +7% in the morning to -6% at the end. Volatility dominates after the announcement of the industrial plan which does not envisage the use of a capital increase.
Utilities down: Enel -0,7% A2A -1,5% Terna -1,8%. The managed sector penalized by the Stability Law also suffers: Anima -3,3% Mediolanum -2% Azimuth -0,7%. Fight the banks. Monte Paschi rebounds +0,5%, weak Unicredit 0,1% ed Understanding -0,2% Banca Popolare di Milano loses 1,5%.
In the Agnelli stable the setback of Fiat Chrysler -1,7% followed by Exor -1,3%. On the contrary, it goes up Cnh Industrial +0,5%, driven by the performance of Caterpillar +3%. Among other industrialists StM + 0,5% Finmeccanica -1,4% Prysmian -2%. The best title is Buzzi +1,7% after the purchase of Sacci.
