It cleared up Business Square which after slipping below parity managed to close in positive territory albeit under the banner of caution. The FtseMib registers a +0,38% supported by Autogrill and Telecomthat spread returns to 234 points. The other European Stock Exchanges confirmed the plus sign: Paris +1,09%, Frankfurt +0,60%, London +0,71%. The euro travels to 1,3690 after briefly exceeding the 1,37 threshold on its eight-month high against the dollar The price of oil rose to 101,43 dollars a barrel (+0,46%) and gold retraced (-0,5%) to 1315 dollars an ounce.
Stocks were buoyed by China's third quarter GDP data which showed a revival of vigor in growth. The positive quarterly reports from the USA have helped, in a climate reassured by the narrow escape of the US default. On Wall Street, the Nasdaq gains 1,10% while the Dow Jones instead moves around parity. S&P index +0,3%, Nasdaq index +1%. Google jumps 13% to over $1.000 a share and General Electric jumps 3%.
In Piazza Affari, which archives a positive week (+1,9%), Autogrill still on the shields +3,91% on the highest since September 2007 (+10% in the week) in the wake of concessions in Great Britain. World Duty Free also rose sharply (+1,19%). The news on the Telecom front galvanize the title with the market which, with the Spanish games reopened, rewards the title's greater contestability. Yesterday the Senate voted on the takeover bid threshold and the shareholder Marco Fossati (5% through Findim) requested the convening of the meeting for the renewal of the board. "On Telecom Italy let's see what happens, it seems to me a situation that had had an answer and a solution, obviously conditioned by many things, which corresponds to the interests of the partner banks, Intesa and Mediobanca, and of Generali, which of the Italian partners was by far the most important ”, commented Giovanni Bazoli, chairman of the supervisory board of Intesa Sanpaolo. He then added: "Let's be careful, however, because if the banks show some attention to the interests of the country they are accused of being ancillary to politics and if they lose the money they are accused of having lost the money", "the current solution allows not having to make other depreciations in order not to lose respect to the devaluations already made but sees us accused of not following the interests of the country".
At the bottom of the Ftse Mib Mps which, suspended downwards, closed down by 3,93%. The title appeases the fears that the Foundation could sell its share (or part) on the market. Terna recovered from the lows of the day (-0,34%) which had initially suffered after the words of Prime Minister Letta on the sale of a stake in the company. The Government has also said that it will decide on privatization within the year. Mediolanum -0,94%, Cnh -0,72% while Fiat confirms gains +1,42%.
