European GDP estimates shut down Unicredit stock exchanges, quarterly in red

2020-11-30T23:08:50.479Z

There was expectation for the data on the BTP / Bund spread. Iera had risen by 16 basis points after the German Constitutional Court gave the ECB three months to prove that its bond purchase program was proportional to the effects obtained. Today, however, it remains stable, at 247 points. On the equity front, the Milan Ftse Mib index rose by half a point in the morning, then a slowdown, as in the rest of Europe. At 2.20pm Ftse Mib -0.07%, London + 0.47%, Frankfurt -0.38%, Paris -0.51%. The economic forecasts of the European Commission and the gloomy picture they paint are weighing: Italian GDP is expected to decline by 9.5%, the debt-to-GDP ratio will rise to 158.9 percent. For the European Union a drop of 7.4 percent is expected. And the Pmi Servizi index is at a new all-time low. It is a synthetic indicator that measures the expectations and orders of companies. Below 50, it signals a contraction. We went from 17.4 in March to 10.8 in April. Among the stocks in evidence Unicredit, which rises by 1%, despite the negative accounts of the first quarter: from January to March it reported a loss of 2.71 billion euros. CNH Industrial (-0.22%) instead reported a loss of 54 million dollars. The greatest reductions between the securities of the Ftse Mib for Pirelli (+ 4.7%) and Amplifon (+ 4.5%), the greatest reductions for Prysmian and Atlantia, both down by 2.5%. The accounts of Enel and Bper Banca are expected in the late afternoon. Yesterday for FCA the quarterly report showed a loss of 1.7 billion (500 million the loss of adjusted net profit). On the other hand, Intesa Sanpaolo's first three months were positive: a profit of 1.150 billion euros. Positive Asian markets overnight, following yesterday's positive Wall Street closing. The Hong Kong and Seoul indices rose by more than 1.5 percent. + 0.60% for Shanghai, Tokyo still closed for holidays. On the New York market yesterday, once again, the best result came from Nasdaq, + 1.13%, an index that is only one and a half points below the levels of the beginning of the year. 2.25 pm