At the end of an uncertain day the Ftse Mib finds the necessary push to close above zero at 0,19%, emancipating himself from the unenviable title of worst list on the continent earned in the morning. The other European markets are on the same wavelength, all above parity: +0,56% Paris: +0,19% Frankfurt. Not far away, but with the minus sign ahead, London with -0,03% and Madrid -0,10%. Wall Street, on the other hand, opens a short week in great style, as the markets will be closed on Thursday due to the Thanksgiving holiday. In the first minutes of trading, after the S&P 500 hits an all-time high, the Nasdaq and the Russell 2000, the benchmark for small-cap companies, also updated their respective intraday records upwards.
For Milan, things are going better than expected until mid-day and on the bond front, even the spread, despite growing by 0,45%, stops below the threshold of 180 basis points at 178,20.
Piazza Affari pays the price of the dividend detachment of some companies: the stock on which sales prevail is Azimut, which leaves the field 6,65%; the same happens to Mediobanca -2,99%, Atlantia -1,71%, Recordati – 1,59%, Banca Mediolanum – 3,20% Terna -1,07%.
Deep red for Mps (-4,65%) at three days by the extraordinary assembly, while rumors echo for a quorum at risk; the popular companies close to the merger are doing badly, Pop Milano -3,87, Banco Popolare -3,72%. Banca Popolare dell'Emilia Romagna also falls, -0,43%, while CEO Alessandro Vandelli confirms his willingness to create a group of controlling shareholders at 20-25% after the transformation into a joint stock company scheduled for next Saturday.
Bad day for Unipol -1,69% and Unipolsai -1,48%; Ubi Bank -0,75%; Italgas -0,82%. Unicredit stops at -1,11%, after the Aberdeen fund withdrew from the race to buy Pioneer.
Positive oil prices, with renewed optimism on the meeting in Vienna at the end of the month due to a containment of production, so much so that Brendt appreciates by 3,76%. For Eni, the increase is 1,53%; Saipem +3,44%; Tenaris +2,79%. Well Stm +1,35%; Exor +1,41%. Shopping day on Leonardo +1,27%; Luxottica +2,31%; Moncler +1,28%; Ferraris +1,12%. Among listed companies, the prancing horse is queen on Facebook with 16 million fans, according to an analysis by Close to Media Digital. They follow, but at just over 2 million, Moncler and Tim.
From Facebook also comes a sort of denial of the prophets of doom with regard to Brexit: next year the big digital company will expand its presence in the United Kingdom by 50% and hire 500 people. An announcement that comes just a few days after that of Google: another 3000 people by 2020, for an investment of 1 billion pounds.
Concerns over the Italian constitutional referendum are not convincing either: for Credit Suisse professionals, a victory of the "no" is possible, but it will not lead to Italy's exit from the euro and probably not even to early elections
