The ECB and the westerly winds are not warming up European lists, which accelerate downwards in the afternoon. Piazza Affari loses 0,93%, closing at 22.191 points. Down Madrid -0,82%, Paris -0,78%, Frankfurt -0,44% and London -0,65%.
Wall Street instead it starts well, even if the Dow and S&P 500 are moving cautiously, in the aftermath of rate hike by the Fed.
He holds the bank M&A fever, after Walt Disney's definitive agreement to purchase 21st Century Fox for 52,4 billion dollars, plus the assumption of 13,7 billion in debt. The mood of American stock markets is invigorated by the news that the tax reform should reach the final vote by the end of the year.
On the other hand, in the Old Continent the Bank of England keeps rates unchanged e Mario Draghi confirms its ultra-expansive policy, leaving the cost of money and stimuli unchanged, because, though raising the growth estimates for the next three years, inflation remains at a standstill.
To review the dynamics of prices and return to +1,7% we will have to wait for 2020. The euro area economic recovery is solid, says the Governor, even more than the American recovery, but we need to balance between optimism and caution, given that the wage response remains much lower than in the past.
After the note from the ECB the euro appreciates against the dollar, and then reverse course. At the moment the cross is back below 1,18 at 1,177.
Closing down for the secondary, with the yield of the BTP 10 years at 1,8% and the spread with the Bund up by 1,03% to 147.80 basis points.
The session takes a positive turn for the petrolium: Brent +1.02%, 63,08 dollars a barrel.
Gold moved little, around 1253 dollars an ounce.
In Business Square financial stocks are mixed. At the head of the Ftse Mib stands out Banca Mediolanum +1,4%; good too Finecobank, 0,65% and Generali + 0,59%.
However, sales continue on most of the banks, with Entente -2,23% and Bper -1,98%, under fire.
In luxury well Yoox +1,08% and Luxottica +0,59%. The latter takes advantage of the renewal of the licensing agreement with Tiffany & Co and of the news from Reuters, according to which the European Antitrust will give the green light to the integration with the French Essilor without asking for any concessions.
At the bottom of the basket Recordati -2,04%. The energetic ones are in check, above all Saipem -1,88%. Campari down -1,91%.
Closes in red Telecom -1,49, despite the positive start, the day after theCalenda-Genish meeting. The company would have commissioned McKinsey to evaluate the alternatives on the network as part of the industrial plan and proposed the opening of a technical table with Agcom and Antitrust.
In flexion mediaset, -0,92%, on the eve of the extraordinary shareholders' meeting (in which Vivendi is not expected to participate) with which the statute will be changed to make control over the board by the majority list more stringent.
