Wall Street accelerates downwards and in the afternoon further unnerves the main European stock markets, which all close down. Piazza Affari drops by 0,27, 20.527 points, but stems the losses thanks to Atlantia, +5,73%, exuberant after the measured words of Prime Minister Giuseppe Conte and the positive evaluation ("equal weight") of Morgan Stanley. On the secondary, the spread widens again and the yield on the Italian 2,91-year bond rises to 10%. The spread between 255.60-year BTPs and Bunds reaches 2,32 basis points, +2019%. A bilateral meeting should take place tomorrow between Minister Giovanni Tria and the Commissioner for Economic Affairs Pierre Moscovici on the sidelines of the informal meetings of the economic ministers, in Vienna for an illustration and explanation to "colleagues" of what the government is preparing for the XNUMX budget Everyone, from the top management of the IMF to those in Brussels, say they are "reassured" by the attitudes and recent words of the minister and other government officials.
In red Frankfurt -0,71%; Madrid -1%; Paris -0,31%; London -0,91%; Zurich -0,57%. The New York markets, after an uncertain opening, are down and the Nasdaq loses more than a percentage point. Tech stocks reel on fears of increased regulation. The commercial front also weighs, with Donald Trump's expected announcement of tariffs on Chinese products for another 200 billion dollars. The euro loses slightly share against the dollar, in the 1,161 area. Oil turns negative, despite US weekly inventories falling more than expected. Brent 76,4 dollars a barrel, -1,135.
In Piazza Affari it is the day of partial redemption of Atlantia (which has lost about 14% since the tragedy of August 25th). Investors have confidence in Conte's words, according to which for the concession of the subsidiary Autostrade per l'Italia "nationalization is not the only answer". Furthermore, the Abertis operation is in its final stages and is coming to fruition, in the words of Gilberto Benetton.
Meanwhile, still today, the Genoa prosecutor's office has entered in the register of suspects 20 people and the Autostrade per l'Italia company, as part of the investigation into the collapse of the Morandi bridge where 43 people died.
In pole position Enel, +2,1%, which from neutral has become a "buy" for Goldman Sachs. Telecom tries to rebound +0,93%, after yesterday's attacks by Vivendi. Moncler recovers +0,43%. Among the banks, only Bper boosts earnings, +0,29%. The sector, on the other hand, lost 1,1%. Carige is -4,4%, after the request of the first shareholder Malacalza to the Court of Genoa to inhibit the competing list presented by Mincione to the meeting for the renewal of the board.
Profit taking weighs down Saipem, -3,17%. Bad Pirelli -2,22%. Luxury in line with Ferragamo -1,96% and Luxottica -2,05%. Stm, -1,4%, continues to suffer from the weakness of technology. Saras sinks off the list (-13,35%), after the sale of 10% (at 2 euros per share) by the Moratti family to institutional investors.
