The new lockdowns push Piazza Affari into red

Due to the new anti-Covid measures implemented by the Austrian authorities, during the second part the European stock exchanges registered a U-turn closing with a minus sign.

On the Ftse Mib particularly violent sales hit the banking sector (-4.14% of UniCredit, -3.36% of Intesa Sanpaolo and -3.07% of Bper Banca) while among the few plus signs we find the pharmaceutical sector ( + 2.69% for Recordati, + 2.38% for DiaSorin).

On the basket of blue chips, which ended the week at 27,337.46 points (-1.17%), the best performance was recorded by Telecom Italia (+ 3.65%) while STMicroelectronics scored + 0.84% .

The return in style of the sales on crude oil, the future with January delivery on the Brent share in the red of 3.7% at 78.2 dollars a barrel, made Eni’s shares lose 2.11%. Barclays analysts announced that they had increased the valuation on the six-legged dog from “equalweight” to “overweight” with a target price that was raised from 13 euros to 16 euros (today the shares stopped at 12.168 euros).

As for the government bond sector, the spread between our 10-year BTPs and German Bunds fell by one percentage point to 119 basis points.

In the evening, US President Joe Biden could announce the next Federal Reserve No. 1: among the eligible candidates we find the current No. 1, Jerome Powell, and Lael Brainard, former Treasury Undersecretary for International Affairs and current Board member of the governors of the Fed. (in collaboration with