Sales on the European stock exchanges have taken off. Thanks to the profit-taking after yesterday's rally on energy and defense, the market is starting to wonder about the consequences of IS terrorist attacks on the economic front. Confindustria president Giorgio Squinzi fears repercussions on the international trade front, while according to Yves Mersch, the Luxembourg member of the board of the ECB, the attacks have not caused an increase in pessimism among consumers and businesses in the Eurozone. Milan loses 0,98%, worst among the European lists, Paris -0,62% and Frankfurt -0,10%. Only London closed in positive territory at +0,16%. The Btp-bund spread closed down at 101,45 points.
WAITING FOR THE MINUTES OF THE FED. APPLE IN THE SPOTLIGHT THANKS TO GOLDMAN SACHS
On Wall Street, the Dow Jones rises by 0,71% and the S&P500 by 0,62% thanks to the rise in WTI oil which rises by 0,2% at the end to 40,77 dollars a barrel after an increase of more than 1% above 41 dollars in the wake of inventories, which rose by 252 barrels last week, compared to much higher expectations. On the other hand, bad data on construction sites. US start-ups fell 11% in October to a seasonally adjusted 1,060 million units, versus expectations for a 4% decline. In the same month, new building permits increased by 4,1%. Mortgage applications have increased by 6,2% in the last week.
Now the focus of the market is on the minutes of the last meeting of the Fed that will be released in the evening. One wonders about the concrete possibility of a rate hike in December. The euro-dollar exchange rate is substantially unchanged at 1,0636. Meanwhile, it is in the spotlight Apple Lossless Audio CODEC (ALAC), which at the beginning rose by 3% in the wake of the latest forecasts by Goldman Sachs which estimates a growth of the stock of 43% in the next 12 months. According to the investment bank, Apple will acquire greater value when investors shift their attention from the number of iPhones sold to the amount of services to Cupertino users. Goldman set a price target of $163 a share and added the stock to its "conviction buy list."
SALES ON ENEL AFTER THE PLAN. SOFT STRATEGY TENDER OFFER, THE SHARES FLY
In Piazza Affari, Cnh Industrial stands out with a jump of 3,63%, followed by Moncler +1,14%. Among the best of the Ftse Mib, but with performances below 1%, also Buzzi Unicem +0,93%, Unipolsai +0,69% and Saipem +0,68%. Outside the Ftse Mib, Soft Strategy shines +10,57% after the announcement of the launch of a takeover bid on the company's securities.
At the bottom of the Ftse Mib Enel Green Power -3,44% and Enel -2,99% after the presentation of the business plan. The integration of Enel Green Power (-2,7%) was also announced. EGP shareholders will receive new Enel shares, in an exchange ratio equal to 0,486 Enel shares for each EGP share. After the demerger, the Finance Ministry will have a 23,569% stake in Enel. Sales also on Exor -2,59%, Prysmian -2,13% and Luxottica -2,03%.
