It is growing, according to Markit (the company that takes care of SME data), pressure on the ECB to take effective expansionary measures. Hence the reaction of the markets, which hope for a change of pace of the EU in the face of an increasingly difficult situation as confirmed by the PMI data for services, practically unchanged.
The price lists of the Old Continent are bouncing on the wave of hope. In Milan, after yesterday's sharp drop, the index Ftse Eb marks +1,83%, rising above 19 (19.282).
The spread between BTPs and Bunds narrows, albeit slightly. This morning, Germany placed only 3,2 billion Bobl at auction for 4 billion, with a yield down slightly to 0,12% from the previous 0,14%.
On positive ground too Paris (+ 2,22%), Frankfurt (+ 1,24%) and Madrid (+0,94%). Outside the euro area, London rose by 0,90%.
Il dollar it is up to 1,248 against the euro, from 1,254 at yesterday evening's close. Wall Street's reactions to the clear, but also expected, affirmation of the Republicans in the midterm vote should be followed.
Still declining crude. falls thegold, traded at 1.145 dollars an ounce (-2%), the lowest since April 2010. Data on employment in the private sector (Adp) and the services PMI are expected today in the USA.
The attention of the markets is concentrated on the banking sector. Effervescent Mount Paschi (+4,2%), pending the resolutions of the BoD. Understanding + 2% Unicredit + 2,7%. Banca Popolare Milano salt by 3,9%, Banco Popolare + 3,2%.
Among the insurance Generali up 2,1%, the subsidiary does well General Bank +2,5%. In asset management Azimuth + 2,2%.
Featured on the price list Enel (+1,8%) which gave way to the placement of 17% of Endesa. The public offering will start on November 7.
Among the utilities they bounce A2A (+ 1,6%), Enel Green Power (+ 1,9%) and Snam (+ 1,1%). Atlantia gains 2,2% after the positive data on the growth of traffic at Rome airport in the month of Rome (passengers +10%).
Shines Telecom Italy (+3,2%) thanks to Bank of America which restarted coverage with a Buy rating. Mediaset advances by 3,1%.
Salt too fca (+1,1%). Sergio Marchionne has almost halved his stake in the company by selling, at the turn of the announcement of the Ferrari operation, securities at an average price of 8,99 dollars "to meet the related tax obligations".
