The stress tests do not frighten Piazza Affari which proves to be even stronger than the fears of an Ebola epidemic. The FtseMib is the only one among the main European exchanges to snatch a closing +0,31% driven by Ps: Siena could finally make it and pass the exam of the ECB without having to resort to a capital increase again. The amount missing from the ECB's appeal could in fact be managed through asset sales and other capital strengthening operations. And the stock is rallying, +10,68%.
According to reports from Bloomberg, there are 25 credit institutions that have not passed the examination of the balance sheets of the ECB and ten of these the ECB would have asked for capital adjustments. However, Draghi's alarm is increasingly focused on growth: “The euro zone is in a critical phase – he said Draghi to Eurosummit leaders – economy has lost momentum, investment is weak, confidence is down, credibility is at risk, inflation is at its lowest level on record, many of the pledges made have not been followed up on by deeds ”. The president of the eurotower has asked the countries of the eurozone for a common effort, after that of 2011-2012 to save the euro, to avoid falling back into recession: "we hope the eurozone will grow again but hope is not a strategy ”, he warned.
All the other European Stock Exchanges are in negative territory: Paris -0,69% Frankfurt -0,66% London -0,47%. Great Britain also slows down, although in line with analysts' expectations: in the third quarter, first reading, there was a growth rate of 0,7% of GDP after +0,9% in the second quarter. Over the year, the GDP marked an increase of 2,8% against the previous +3,2%.
Lo Btp Bund spread it closed down at 161 basis points. The update of the Fitch rating on Italy is expected in the evening. Meanwhile it dropped in October the confidence of Italian consumers. The confidence climate index dropped to 101,4 from 101,9 in September. However, the figure was higher than expected by 101. August retail sales were also released today, down 0,1% on a monthly basis (-3,1% on year). “ The level of consumer confidence – notes the AIAF in a note – is in any case higher than the average for the last year and confirms a less serious state of the economy compared to last year, when consumption dropped considerably (-2,6% in 2013)".
A Wall Street the indices confirm the positive tone at the end of Europe: the Dow Jones rises by 0,52%, the S&P500 by 0,53%, the Nasdaq by 0,43%. The better than expected quarterly from Microsoft has catalysed the attention while Amazon pays a disappointing quarterly. P & G in the spotlight after the announcement of the spin-off of Duracell batteries. In terms of macro data in the United States, the data on sales of new homes, up by 0,2%, was better than expected. There is no shake in oil which drops 1,38% to 80,96 dollars a barrel. The euro-dollar exchange rate rose by 0,22% to 1,2674.
In Piazza Affari the banks are in positive territory: Banco Popolare + 1,99% UnipolSai + 1,81% Mediobanca + 1,63% Unicredit + 0,34% Ubi + 0,88% Understanding + 1,55%. Carige it rose by 3,91%, redeeming itself from the sales that had hit it in the morning on fears of a rejection of the ECB.
At the top of the Ftse Mib, in addition to the sprint of Mps, we note the good rise of Ferragamo (+2,26%) promoted by Goldman Sachs and despite the disappointing results of Kering. At the bottom of the basket of blue chips there are Saipem (-3,61%), Tod’s (-2,46%), Pirelli (-1,88%), Yoox (-1,68%).
The freshman made his debut on Aim Bio Hon which closed with an increase of 28%. Ray Way's listing is approaching: Rai's general manager said that the company is ready, wait for Consob approval.
