Unlike Wall Street, European stock exchanges welcomed the decisions of the Federal Reserve with an increase. The explanation is simple: the increase in Ua rates has pushed up the dollar against the euro which plummets to its lowest level since March 2015 at 1,048, with an evident advantage for exporters. Surprisingly, the expected increase in the cost of money was accompanied by the indication of three further increases in 2017.
In Milan, the FtseMib gains 0,8% supported by financial stocks. Frankfurt +0,7% and Paris +0,6%.
The yield of the 10-year BTP rose to 1,85% from 1,79% yesterday evening. But the spread goes down again, we are at 147 basis points. Sales also on the German Bund, with the 0,37-year bond up +0,30% from +XNUMX% yesterday.
Oil is on the rise again, Brent is up 0,8% to 54,4 dollars, after losing 3,2% yesterday. Brake Saipem -0,7%: Citigroup downgraded its Buy recommendation to Neutral. Eni 0,1% salt, Tenaris -0,4%.
Very volatile Mediaset: after losing up to 7%, the stock recorded a drop of 1,5% in the very early afternoon. Among the various hypotheses, a capital increase to be allocated to Mediaset Premium seems to be under study, but also to curb the climb of Vivendi, which reached 20% of the capital in three days. Mediobanca and UBS have lowered their recommendation to Neutral from Buy.
Sale Telecom Italy +3,2% again on speculative hypotheses linked to Vivendi's future moves.
Recommended MontePaschi +4,3%: the Board of Directors meeting continues today in Siena, from which the future of the market operation with which the bank is trying to avoid a public bailout should emerge.
It bounces Unicredit + 2,6% Understanding + 1,1% Banco Popolare +5,1%. Well Pop Bank. Emilia +2,5%: the market appreciates the bank's decision not to buy CariFe, as announced by the CEO Alexander Vandelli.
Positive assurances: Generali + 1,3% Unipol + 1,9%.
The good sales results in November are pushing Fiat Chrysler +1,3%: in November, car sales in Europe grew by 5,6%, those of the FCA group increased by 10,1%. The market share is 6,3%. Cnh Industrial +0,8%: shot in November for the Italian market for industrial vehicles over 3,5 tonnes, which recorded an increase of 105% compared to November 2015. Ferrari + 1,5%.
Among the industrialists well too Leonardo +1%: the former Finmeccanica has signed a contract for thirty helicopters with the Chinese company Sino-US Intercontinental Helicopter Investment which includes the AgustaWestland AW139 and AW169 models.
Buzzi salt by 2,8%, Recordati + 2%.
