The European stock exchanges are trying to shrug off the concern about the possible rate hike by the ECB and push on the accelerator, galvanized by the good performance of Asia and the USA. Mid morning Milan is among the best square, with the Ftse Mib up 1,95% to 26.927 points. Amsterdam (+1,67%), Frankfurt and Madrid are also on the upswing, both up by almost one and a half percentage points. Madrid rises by 1,1%, while London scores +0,62% outside the EU.
The spread is decreasing
In the meantime, on the secondary, the spread continues to decrease, with the differential between the Italian 153-year bond and the corresponding German bond standing at XNUMX basis points in the morning. Down also the rperformance on the Bpt at 10 years which at 11 is at 1,783% (-5,10%).
Industrial production
As for the macro data, waiting for the data on US inflation, which will be published on December 10, in Italy industrial production in 2021 it grew by 11,8% against a decrease of 11,4% in 2020. According to Istat estimates, however, in December last year the seasonally adjusted index of industrial production decreased by 1% compared to November, while on average in the fourth quarter the level of production grew by 0,5% compared to the previous quarter.
Piazza Affari: who goes up and who goes down
In Piazza Affari, investors' eyes are all on the quarterly reports. While awaiting the accounts of Mediobanca (+0,29%), Carige (+0,5%), Finecobank (+0,59%) and Buzzi Unicem (+2%), holding the bank is Bpm bank which in mid-morning gains 5,58% driven by profits above estimates recorded in the fourth quarter and the decision to increase the dividend over the period of the plan. On the other side of the fence there is instead Bper which in the aftermath of the accounts is the only stock of the Ftse Mib down (-1,9%).
On the main list, the performances of the Agnelli galaxy titles should be noted, with Exor and Stellantis earning respectively 3,7% and 3,46%. positive Ferrari (+2,7%), while proceeding with momentum Cnh and Iveco, both up 2,9%. The two companies yesterday presented their 2021 accounts but also those for the fourth quarter, the first after the split.
Highlights too Amplifon (+ 3,5%), nexi (+3,2%). Well stm (+3%) 24 hours after the presentation of the European Chips Act of 43 billion euros.
