European stock markets rise as we await the verdict on the Fed's monetary policy. The index in Milan ftse Eb scores a 1% increase over 23 thousand, ai maximum since October 2015. Lengthens Frankfurt +1,6%, yesterday closed for holidays. Frankfurt's Dax index rises to new maximum historical. The EuroStoxx50 gains 0,7%, fifth consecutive day of rise and new high since the last two and a half years. The Exchange of Paris (Cac40) rises by 0,45%, the highest since 2007. The Stock Exchange Spain it is recovering positions, but it is still behind the other European equity markets: the Ibex index, up by 0,4%, is on the levels of August.
The increase of more modest London +0,2% but against the rise in GBP to 0,874 from 0,876 yesterday. The euro-pound cross fell to its lowest since June. Tomorrow the Bank of England is expected to raise interest rates: the macroeconomic data released this morning are consistent with the arrival of the first monetary tightening for 10 years now.
On the other hand, a rise in US rates is not expected, but operators will look to the final press release at 19 pm, Italian time (the press conference by Janet Yellen is not scheduled) to verify the intention to raise rates in December. Attention will soon turn to the identity of the institute's new president; Trump is expected to announce Jay's name tomorrow Powell.
The euro it weakened to 1,163 on the dollar, from 1,164 at the close.
On the market of bonds the decrease in the spread should be recorded Waist-construction sector to 141 basis points, a year low. The 1,80-year yield fell below XNUMX%.
To inflame the price lists is the new rise of the Petroleum, also supported by the expectation of a drop in US strategic inventories. The wtf December is traded at 55,25 dollars (+1,2%), the highest since July 2015, while the Brent January updated the maximum since July 2015 reaching 61,69 dollars per barrel. In the Italian price list they shine Eni + 1,3% Saipem +4,5% and Tenaris +1,6% which will announce the quarterly data after the close of Wall Street: Mediobanca Securities (outperform rating) expects revenues to grow to 1,345 billion dollars and a slight deterioration in margins.
Utilities are also up. Enel + 0,85% Italgas + 1,5%. Snam +0,7%, highest for the year. That + 2,6 %
The stable rally continues Agnelli, driven by the brilliant new performance of Cnh Industrial +4%, which adds to yesterday's +5%. Fiat Chrysler +2% just a few hours after the announcement of the October sales data. Exor + 2%. Ferrari +1,1%, to 104 euros per share (historical record). The Cavallino di Maranello will publish tomorrow the accounts for the third quarter of 2018, waiting for the words of Sergio Marchionne.
Continue the flight of stm +1,63 to 20,55 euros, close to the highest since 2005.
He advances among the industrialists too Pirelli +2,9%, in the wake of +3% of Nokian Tyres: The Finnish tire maker released quarterly figures above estimates.
Weak banks. Banco bpm +1,3%: the exclusive negotiation period with Catholic, up slightly to 0,05%. The two groups seek an agreement in bancassurance. Banking Carige rises by 3,7% the day after the presentation of data for the first nine months of 2017. Unipol Sai could enter the capital, converting bonds or subscribing to the new shares of the recapitalisation.
Among the small caps, stocks are advancing real estate under the pressure of the extension of the norms Most at Siiq: Aedes + 7%.
Cleansing +7,3%. The company has signed a binding agreement with Landlease called the Project Development Agreement concerning the development in partnership of the so-called Northern Lots, areas that make up most of the Milano Santa Giulia project.
Still down The Sole24Ore -5,3%.
