The coronavirus continues to keep the markets in check, which plunge back into the red after yesterday's recovery. The European lists closed with a clear loss, even if they limited the damage compared to the lows of the session: Piazza Affari dropped 1,78% and fell to 21.554 basis points, with the Juventus (-5,85%) in black jersey. Bad banks, starting from Ubi -5,84%. Sales day also on the secondary: lo spread between the ten-year Italian and German it rises to 174 basis points (+5,26%) and the yield of the BTP marks +1,06%. Meanwhile the government has decided to allocate 7,5 billion to support the economy and families, in response to the health and economic emergency; this will lead to a difference on the deficit of approximately 0,3%. The deficit maneuver will be approved next week, after Italy has received the go-ahead from the European authorities.
In the rest of Europe: Frankfurt -1,54%; Paris -1,9%; Madrid -2,58%; London -1,59%; Zurich -1,24%.
Wall Street started out of tune and travels in great decline after California declared a state of emergency due to the Covid-19 epidemic. It is the third state in the US to take this step after Florida and Washington state. Sales up weigh on the Dow Jones Boeing (-4,7%) And jp morgan (-3,5%). Banks and airlines are also heavily penalized in Europe, after all the bill foreseen by Iata for the consequences of the spread of Covid-19 is between 63 and 113 billion dollars in turnover for passenger transport alone, to which must be added of the freight branch, not yet available.
THEeuro it moved higher against the dollar and hooked up to 1,12, while expectations are growing for the Fed meeting in mid-March, from which operators are expecting further action on the cost of money after the surprise cut two days ago.
However, the help of central banks in these hours does not seem sufficient to erase fears of a scourge that is spreading and is proving to be more dangerous and harmful than could have been hoped at first.
The situation favors thegold, which starts running again and trades at 1662,45 dollars an ounce (+1,19%). The Petroleum it turns negative, waiting for the OPEC+ meeting to end and for Russia to pronounce itself on the further production cuts desired by the cartel (1,5 million barrels per day). Brent -0,65%, 50,80 dollars a barrel.
In Piazza Affari there are only four blue chips that are resisting sales: Exor +1,1%; Leonardo +1,02%; Recordati + 0,31 % Finecobank +0,25%; .
The black phase of Juventus continues, which on March 23 he will lose his seat on the Ftse Mib, to relegate between the mid caps. It will go up Banca Mediolanum (-5,07%).
The banking sector remains among the most penalized on the list. The counting of losses today starts from Ubi, while the front of the shareholders is strengthened, determined to oppose the ops launched by Understanding (-3,81%), with Domenico Bosatelli who, through the Polifin family holding company, has risen to 2,97% of Ubi's capital, strengthening the stake headed by the reference shareholders' committee (CAR). Bosatelli reiterated his negative judgment on Intesa's offer, which will have to present the prospectus for the public offer to Consob by Saturday 7 March. Among the supporting actors of the operation goes down too Unipol -4,96%.
It doesn't revive Bpm bank -4,23%, bad Mediobanca -4,19% and General Bank -3,94%. Azimuth it dropped 4,99% after the results, while it expects to close 2020 with a net profit of 300 million euros, but on the basis of a normal trend in the financial markets.
In fashion it suffers Ferragamo -5,05%.
Oil companies dive with Saipem -5,13%. He suffers Telecom -4,68%.
