The winds of war subsided and the Stock Exchanges, also thanks to positive data arriving from the economy, accelerated.
A Milano the index, with a rebound of 0,8%, overcomes the barrier of 24 thousand points. Confirmations arrive ongoing improvement in the Italian labor market. In November, the employment rate rose by 0,1 percentage points, to 59,4%, the highest since 1977, the year in which the historical series began. Employed people grow by 41.000 units (+0,2%). The unemployment rate - below 10% for the sixth consecutive month - is stable at 9,7%. But the president of INPS, Pasquale Tridico, admits in an interview that "poverty has not been abolished".
The other indices were also positive: EuroStoxx 50 +0,8%. Paris + 0,5% London +0,3%. Fly the Dax's Frankfurt: +1,3%. German industrial production in November was better than expected, with a monthly recovery of 1,1%, the highest increase in a year and a half.
Il Waist trade at -0,20% yield (+1 basis point). The BTP/Bund spread drops to 162,8 basis points. This afternoon (18pm) the government is holding a summit on the statute of limitations. At the moment the euro/dollar exchange traffic slightly above 1,11 to 1,1111 (+0,06%)
Stable oil: Brent up 0,7% to 65,8 dollars a barrel, after -4% yesterday. Down Eni (-0,3%) And Saipem (-1,7%).
In the main basket of Piazza Affari they shine nexi (+ 2,5%) and stm (+2%). The market also rewards Amplifon (+2%) after the purchase of an Australian company, Attune Hearing. Outlay: 34 million euros.
Instead, the rally stops Atlantia (-0,2%): the hypothesis of closing the question of the Genoa Bridge and the renewal of the concession with a maximum fine and with the investments of the new business plan. The Minister of Infrastructure, Paola De Micheli, said that the proposals received so far from Autostrade per l'Italia are not enough. The motorway concessionaire would have offered a reduction in tolls in the order of 700 million euros. Yesterday evening Fitch announced that it had taken the following measures: downgrading the rating to BBB from BB on a series of medium-term bonds issued by the holding company, plus a downgrade in the rating of Autostrade per l'Italia.
The banks are positive. Where's Banca (+1,3%) could renounce plans to review the bancassurance activities: the possibility of confirmation of the current policy distribution agreement looms: the partners are Catholic (+1%) ed Aviva.
Bpm bank + 1,7%. Carlo Fratta Pasini has decided not to reapply to the office of president: Massimo Tononi, former number one of the Cassa Depositi e Prestiti, could take the seat.
The big bankers advance: Unicredit + 1,5% Understanding + 1,2%.
Also good UnipolSai (+ 1%) and Italian post (+1,2%). In the managed new step forward of Azimuth (+1,8%). Today in a call the top management of the asset management company who will take stock of the guidance for 2020 with an anticipation of the 2019 results. Banca Mediolanum + 1,5%.
