Swinging ending for the European Stock Exchanges, which in the afternoon are affected by the uncertain performance of Wall Street. Piazza Affari closes in black jersey, but limits losses to 0,53% (23.463 points), bearing in mind that the coupon detachment of some big names weighs on the price list, such as Mediobanca (-3,48%), Terna (-0,07%), Poste (- 0,85%) and dividends account for 0,18%. The closing is weak in the rest of Europe, mainly due to the auto sector following the profit warning of Volkswagen (-4,42%).
The macro news is also not very encouraging: the growth of the German economy, the largest in Europe, says the Bundesbank, will remain weak in the fourth quarteralthough there is no reason to fear a recession and there are signs that the outlook for its broad industrial sector is stabilising.
In this context, Frankfurt lost 0,27%; Paris -0,16%; London +0,09%; Madrid -0,07%. It should be noted that the company that controls the Spanish Stock Exchange is currently at the center of a dispute between Euronext and Six Group. The first, which confirmed its interest in a note, is already checking Paris, Amsterdam, Brussels, she bought Oslo and would be interested in Milan. The second controls Zurich and is ready with an offer of 2,84 billion euros (34 euros per share). So desired, the BME (Bolsas y Mercados Espanoles) stock goes into orbit, +38,03% (35,060 euros per share).
Wall Street is little moved, after Friday's highs with the Dow exceeding 28 points for the first time. The mood of the New York Stock Exchange stays in sync on radio tariffs. In the American morning the latest news said that the Chinese are making a kind of melina and they continue to negotiate while waiting to understand what will be the developments of the possible impeachment of Donald Trump, to evaluate when this could affect his possibility of being re-elected in 2020. On the international front, however, we remain on the alert for the situation in Hong Kong.
The session proceeds positively for gold, which currently trades at 1472,15 dollars an ounce. Oil, on the other hand, retreats and Brent lost 1,79%, falling to 62,18 dollars a barrel. Euro recovering against the dollar, with the exchange rate at 1,108. In Piazza Affari, Ferragamo suffers -3,13%; Fiat -2,82%: Saipem -2,72%; Cnh -2,69%; Tenaris -2,16%; Leonardo -2,09%.
Diasorin is appreciated +1,36%. Among the banks, Bper is positive +1,21%; Bank Bmp +0,54%; Understanding +0,51%; Ubi +0,51%. Well Moncler +0,77%. Hera, +0,75%, continues its triumphal march after the accounts presented last week. After the confirmation of the rating and outlook on Italy by Dbrs, respectively 'BBB (high)' and stable, the bond is in modest recovery and the spread is declining. On the Stock Exchange website, at closing, the yield differential with the German 153-year bond was 2,2 basis points, -XNUMX%.
