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by Fabrizio Patti Milano07 January 2020A rising day for European stock exchanges. Yesterday they had all closed down.The Ftse Mib in Milan today rises by 0.55%, halfway between Frankfurt and Paris.
The pressure on the markets was the easing of yesterday's rise on Wall Street after the release of positive data from the US economy. And after the belief among analysts that the response expected by Iran will not result in an open war.
Even today, raw materials are under observation, especially oil and gold.
Brent, North Sea oil, had peaked yesterday since May, exceeding $ 70 and a half a barrel. Today the price drops nearly a point to $ 68.26.
Gold is still rising, which has been at its highest for 7 years, at $ 1,568.75 an ounce. In the past week the rise has been 3 and a half percent. Gold is the classic safe haven asset in times of international tension.
Of the 40 Ftse Mib stocks, few negative ones, including Eni, which pays for the drop in oil.
The biggest increases for Leonardo, which has two-thirds of its revenues from the military sector, and Atlantia. In this case, for the Republic's indiscretions that the negotiations between Autostrade and the government are still open.
Among the other exploit titles by Brunello Cucinelli (+ 7.80%), after the 2019 results exceeding expectations.
Positive data on retail sales arrived from Eurostat in November. On an annual basis, sales rose 2.2%, against + 1.7% the previous month. And on a monthly basis the increase was 1%, while in October the change had been negative: -0.3%.