Piazza Affari closed in the pink jersey, +1,07%, 19.390 points, thanks to a shower of purchases on Moncler +5,19%, Fiat +4,1% and banks. The latter celebrate the promotion in stress tests of Eba and BCE. The results are being released now, with closed markets, but Il Sole 24 Ore had previously written that Intesa Sanpaolo (+1,04%), Unicredit (+3,22%), UBI (+2,65%) and Banco Bpm (+3,64%), i.e. the four major Italian banks subjected to the joint examination of the two institutes, they passed the test.
The purchases also reward Italian paper although the country remains under special observation and the finance ministers of northern Europe are proposing a squeeze on the Salva Stati fund. The yield of the 10-year BTP falls to 3,31% e the spread with the Bund narrows to 287.00 points (-3,56%). The closure is contrasted for the other European lists: Frankfurt +0,44%, Paris +0,32%, Madrid +0,47%; London -0,32%; Zurich -0,39%.
Wall Street opens uncertainly, then turns red with digestion blocked by Apple (currently down 6,98%). The bitten apple from Cupertino presented an excellent quarterly report in a record year, but is less optimistic about the holiday season. Furthermore he no longer intends to divulge the sales numbers of Iphones, Ipads and Macs, a choice that the market does not like. Among the important news, it should be noted that hopes that the US and China will agree on tariffs at the next G20 in Argentina are fading. The Trump administration then announced the lifting, effective Monday, of all US sanctions on Iran and made it known that European Union countries will not receive an exemption from the United States to continue buying Iranian oil.
On the macro front, the stars and stripes job report is better than expected: 250 jobs were created in October; the unemployment rate remained at 3,7%, its lowest since 1969; hourly wages jumped on an annual basis at the fastest pace since 2009. That should convince the Federal Reserve to go ahead with normalizing its monetary policy despite criticism from the White House. In this perspective, the yields of T-Bonds rise and the 3,189-year bond returns to 1,14%, while the dollar strengthens and changes sign. The single currency, which had recovered 1,138, is back in the 72,71 area. The raw materials are not very moved. Brent oil is worth $1232 a barrel. Gold close to $XNUMX an ounce.
On the main list of Piazza Affari, the possibility of a commercial peace keeps Moncler's morale high. Fiat shines, after sales in the United States growing beyond expectations in October. In the Agnelli team, instead, Ferrari mourns, -1%. Financiers pick up with Banca Generali, +4,32%; Finecobank +4,3,7%; Bper +4,06%. Good Mps, +2,16%. Carige goes against the trend, -2,08%. Sales hit Saipem -1,43%; Luxottica, -1,28%; Pirelli -0,96%; Campari -0,59%.
