Stock Exchange, after Black Friday from Wall Street in Europe the fear of a fourth wave returns
After turbulent days between Wall Street Black Friday, fear for the South African variant and the rebound of the markets yesterday, the fourth wave of Covid-19 once again worries European markets. To pay the fears of one lower efficacy of vaccines on the new Omicron variant. European equities in red, with Milan which at mid-session yields 1% and similar drops for other financial centers: the worst is Madrid (-1.6%). US futures also fell by one percentage point.
In the closing of the stock exchange, Milan records -0.87%; same fate for Madrid which drops, an improvement, by 1.2%.
In particular, the words of the CEO of Moderna in an interview with Financial Times they rekindled the concerns about the fourth wave. Stephane Bancel he said current vaccines could be much less effective with the new Omicron variant and it could take several months to modify and adapt the vaccines.
In this climate of uncertainty, on the Ftse Mib sales are generalized, pharmaceuticals are saved. In particular, it does not stop the run of Diarison which in mid-session recorded a 3.16% rise to 190.80 in Piazza Affari, benefiting from fears of an increase in infections for the production of diagnostic tests for Covid. Also good Recordati (+ 0.87%) while after a morning in the red it improved Unicredit (+ 0.4%) and holds Atlantia (+ 0.15%).
At 17.30, in the closing, the title of Diarison it recorded + 1.97% at 188.75 euro / share; Recordati it follows the still positive trend and closes with the same price. salt Unicredit (+ 1.14% to € 10.69 per share), while Atlantia the climb continues and reaches + 0.96% at € 16.32 / share.
While Tim, in the wake of the rumors of the “French track” which sees the patron from Iliad Xavier Niel interested in the offer of Kkr, in possible “open duel” with the number one of Vivendi, Bolloré (we wrote about it here: only speculations or possible reality?), remains volatile: at mid-session it drops 1.2%.
The title of Tim closed the day today on the stock market, yielding 2.36% to 0.46 euros per share.
According to analysts “this is not an unlikely thesis in our opinion given that Niel had tried to build a position in Tim in the past (before Iliad’s entry into Italy to tell the truth), due to Iliad’s interest in the fixed network and corporate business and the greater openness of regulators to a consolidation in the market. “For analysts, it could represent the most interesting exit of Kkr from the ServiceCo, while on NetCo the exit would be towards integration with Open Fiber in a wholesale only operator. However, these are not new hypotheses for the market, which have already been circulating in recent days, and therefore with a limited impact on the title.
In addition, other press rumors speculate one possible move by Vivendi and CDP to change the board of directors: “An agreement between the two shareholders does not appear to be taken for granted given the government’s position on the Kkr deal and would imply a takeover bid – they write again from Equita – so we would see it feasible only with a third financial partner ready to support the operation”. Analysts have a hold opinion on the stock with target price at € 0.32.
Finally, at the end of the list the industrialists and cars, starting from Stellantis and Cnh (-3%), bad too Leonardo (-2.4%) and i oil stocks. Heavy sales on Mediolanum bank (-3%).
In the closing, the title of Stellantis reached $ 15.14 per share, losing -2.75%. Cnh, on the other hand, it lost 1.94% to 14.66 euros. The title of Leonardo it recovers, even if it keeps the red at -1.03% at 5.98 euros per share. In the end, Mediolanum Bank he adjusted his shot but not enough to return to the green and closed at -1.69% at 8.25 euros per share.
Oil is down which yesterday had risen above 71 dollars in the WTI, after having closed the worst session (-10%) since spring 2020 on Friday. 3% to 68.34 dollars while Brent lost 2.86% to 71.39 dollars. Gold rose to more than 1790 dollars an ounce.
On the foreign exchange front, the dollar weakens and the euro returns above the threshold of 1.135 dollars to 1.1355 (from 1.1270 yesterday at the close). It is also worth 128.17 yen (128.14), while the dollar-yen falls to 112.85 (113.72).
In closing, the oil prices Wti they stop at -4.22% at 67 dollars. Instead, the Brent crude oil prices recorded -3.65% at the price of 70.76 dollars.
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