The stock exchanges like the rate hike. The words of Janet Yellen, who spoke out for an increase in the cost of money by 2015, reassured the markets on the economic situation.
in Milan theFtse Mib index scores a rise of 3,41%, preceded by Paris +3,7%. London +2,33% and Madrid +2,3% are also on the rise. Frankfurt +3,2% is no exception, awaiting the board of Volkswagen which will designate the successor of Martin Winterkorn at the helm of the group. It seems obvious designation of Matthias Mueller, Porsche's number one.
In the meantime, the Automotive sector index (Stoxx +3,3%), BMW rises by 4,6%, Volkswagen +2,8%, Daimler +3,6%, Peugeot +3,9%. Fiat Chrysler rebounds in Milan +4,67%, after yesterday's disastrous fall (-7%).
Meanwhile, the rise of MontePaschi (+3%): the outgoing CFO, Bernardo Mingrone, said that the bank is maintaining its return-to-profit target in 2015 even after closing the deal with Nomura, which resulted in an extraordinary negative impact on the income statement of 88 million euros. Intesa rises by 2,2%, Unicredit +2,2%, Mediobanca +2,6%, Banca PopolareMilano +2,8%. Insurance companies earn: Generali +2,4%, UnipolSai +3%. Azimut scores a leap of 4,17%.
The Treasury auctioned Ctz 2 billion at 0,116% (-0,049% compared to the previous offer). Also sold Btp indexed to euro inflation for one billion: the 2012 Btpei stood at 0,32%, the 2024 maturity at 0,84%.
Telecom Italia is also on the rise (+3%). Today the board of directors meets in Brazil: the strategies to be adopted for Tim Brasil and the possible sale of the 60% stake in Inwit will be discussed.
Luxury also rebounds: Ferragamo and Luxottica earn more than 4%. Moncler (+5,88%), Yoox (+4,26%).
Toned too Prysmian (+3,5%) which today announced the acquisition of 100% of the US company Gulf Coast Downhole Technologies (GCDT) for an initial consideration, subject to adjustment, of approx $45 million in cash.
