Stock markets cautious, Eni penalized by the accounts and the drop in oil

2021-02-19T08:57:48.213Z

The last day of the week starts with a few jolts for European stock exchanges. Opening the Ftse Mib index in Milan marks + 0.1%. Since the beginning of the week, the decline has been 2 percentage points, while the February balance so far is largely positive: +6 per cent. Even in the rest of Europe today the plus sign prevails slightly: London + 0.06%, Frankfurt + 0.28%, Paris + 0.41%. The uncertainty comes from the United States, where yesterday the main indices closed lower (Dow Jones -0.38%, Nasdaq -0.72%). Yields on 10-year government bonds are rising, returning to their 11-month highs. There are fears of a possible revival of inflation following the data above the expectations of retail sales in January. In the United States, however, weekly jobless claims were more than expected yesterday. After days of racing, the price of oil had a setback (-1.7%, at 62.8 dollars a barrel with Brent), and this is because some important extraction centers in Texas have resumed operation. which had stopped due to the wave of frost that is sweeping the United States these days. In terms of oil, Eni (-1.63%) communicated the 2020 figures: net loss 8 billion, adjusted loss 742 million, i.e. corrected by some items including non-recurring charges. In the last quarter there was an adjusted profit of 66 million. For the managing director Descalzi "in the most difficult year in the history of the energy industry, Eni has shown great strength and flexibility". "In a few months - he added - we have reviewed our spending program and minimized the impact on the cash of the fall in the price of crude oil". Among the other stocks, higher falls for Prysmian (-1.76%) and Diasorin (-2.29%). Major increases for Moncler: + 7.35% after the publication of the accounts; and for Leonardo (+ 8%) after a scoop of the Messaggero. A board of directors of Leonardo in the middle of next week will launch the public offer of sale and subscription to bring the subsidiary Drs, specialized in defense technologies, back to the NYSE. The placement on the stock exchange would be brought forward by March from an original deadline of June 2021, writes the newspaper. The BTP Bund spread rose, which yesterday returned to 99 basis points.