European stock markets close down e Business Square sinks, -1,24%, 22.011 points, despite the rebound of Wall Street. The Milanese price list is mainly weighed down by financial stocks, which have a particularly significant specific weight on the Ftse Mib.
They also lose share during the session Frankfurt, -0,83%; Paris -0,57%; London -0,48%. In New York, the day starts in the spirit of optimism with glimmers of dialogue between the US and China, which could avoid the feared trade war. Good humor doesn't infect though Facebook which sinks again (-3,2%) after the Antitrust has decided to open an investigation.
Not even globally there is no lack of reasons for concern, afterwards the expulsion of one hundred Russian diplomats from Europe and the USA. The President of the European Union, Donald Tusk, also argues that "others are not to be excluded in the coming days and weeks". The Farnesina also announces that it has notified the decision to expel from the country within a week two officials of the Embassy of the Russian Federation in Rome accredited on the diplomatic list.
The situation weighs on Moscow Stock Exchange, which drops 1,79%.
L'EUR it strengthens against the dollar and the cross is currently 1,244 (+0,68%). Part of today's performance was contributed by the President of the German Central Bank Jens Weidmann, according to which it is not completely a rate hike by the ECB is unrealistic towards mid-2019. The economic scenario seems to favor this prospect, given that, according to the Eurozone economic outlook of the Ifo Institut and Istat, the euro area economy maintains an expansive profile in line with the growth of the world economy and of international trade.
The M5S-Lega axis, on the other hand, does not accentuate Italy's appeal and the session is weak for the secondary sector, perhaps also due to profit-taking: the yield on the 10-year BTP rises to 1,83% and spread it widens to 129.50 basis points, +2,29%.
With regard to raw material gold is stable while Brent falls below 70 dollars, at 69.58 dollars a barrel, after last week's rally.
In Piazza Affari very few titles are saved from sales and that is Tenaris, +0,26%, who tries to rebound after the crash of the last octave and stm, +0,05%. For the rest it is a shower of minus signs. The worst headlines are General Bank -3,23%; Buzzi -3,18%; Bpm bank -3,06%; Recordati -3,03%; Ubi -2,88%. Exor dropped 2,19%, after the 2017 financial statements closed with a net profit attributable to the shareholders of the parent company of 1,39 billion euros from 588,6 million in 2016 and the proposal of a stable dividend at 35 cents. fca (-0,76%) contributes approximately one billion euro to the result.
Off the main list, Cairo gains 3,88%, with the doubling of the dividend (from 0,05 to 0,1 euro per share). Banca Ifis down -5,25%.
