Slow down your run Business Square at the end of an exceptional week. The Ftse Mib index, although conditioned by the reverse of the Popolari, nonetheless closed for the seventh time in a row in positive territory (+0,24%). For Crédit Suisse, Italy will be the only periphery country to benefit from Qe.
The other price lists of the Old Continent are more brilliant: Paris + 1,9% Frankfurt + 2,05% Madrid + 0,67%. London advances by 0,53%. To push the price lists was still the effect of ECB decisions, which caused a new one for most of the day decline of the euro, which fell below 1,11, before recovering in the final wave of profit-taking.
The rate of Btp to 10 years touches a new low, slipping below the 1,5% threshold, at 1,48%, while the spread stabilizes around 115.
La American stock exchange falls after four consecutive rises. The Dow Jones falls 0,4%, S&P500 -0,4%, Nasdaq -0,2%.
Shines in Milan (and Wall Street) the star of fca (+4,26%). The excellent performance of the European four-wheeler sector, one of the major beneficiaries of QE, contributed to the performance. They also go up Pirelli (+1,12%, the Harbor fund rose by more than 5% in the Bicocca company) e Brembo (+ 2,86%).
The automotive group will release the results of the fourth quarter and the full 2014 on January 28th. According to a survey of analysts, the accounts should be in line with the business plan targets. The estimates elaborated by Thomson Reuters Eikon indicate for 2014 revenues of 94,5 billion euros, Ebit of 3,3 billion, net profit of 537,5 million, net debt of 10,7 billion.
Also prominently featured Telecom Italy (+4,57%). The outcome of the Portugal Telecom shareholders' meeting which paves the way for a possible agreement between Tim Brazil and Oì in Brazil contributed to favoring the purchases, as did the English deal by Li Ka Shing: the Chinese tycoon, who controls the 3, bought O2 from Telefonica, confirming the market's renewed interest in telecommunications.
On the other hand, the race for the Populars slows down after the outcry of the category lobby. In fact, Assopopolari replied with a dry no to the Renzi decree and is preparing for a bitter legal battle. Brake Bper (-2,72%), are worse bpm (-2,21%) And Banco Popolare (-4,74%). Ubi bank -3,47%.
The foreign exchange effect also favors Tod’s which closed up by 6,67% and reached its highest level since last September at 86,50 euros.
