Continue to Business Square price list race. The Milanese index rose by 0,4%, to 23.272 points, to the new highs since August 2015. The other European stock exchanges held back in line with the performance of Wall Street and the Asian markets, conditioned by the drop in the dollar. Down Frankfurt (-0,17%), Madrid +0,17%, almost balanced Paris (+0,09%). Slightly up London (+ 0,18%).
In November the industrial production in the euro area it increased by 1% on a monthly basis and by 3,2% on an annual basis. The data beat the consensus of economists who expected a reading of +0,8% month over month.
In Germany GDP in 2017 grew by 2,2% against expectations at +2,3% and +1,9% in 2016.
Il exchange euro Dollar is at 1,1948. There is anticipation for the publication of the minutes of the December 13-14 monetary policy meeting of the European Central Bank.
The dollar is also up on the yen, supported by the easing of the tension of a China disengagement from the market of US government bonds. The news, released yesterday by Bloomberg, according to the Beijing exchange control authority (Safe) is based on wrong information and could be completely false.
Lo BTP/Bund spread it moved little at 155,4 basis points with the Italian 2-year yield at 3% after this morning the Italian Treasury placed 3-year bonds for 15 billion BTPs maturing on 2020 October 0,04 at a rate of 6%, in up 3 basis points. The market also absorbed 15 billion seven-year BTPs maturing November 2024, 1,35 at a rate of 14%, an increase of XNUMX basis points.
Il Bitcoin tumbles down 11%. The Anti-Cryptocurrency Front Grows: South Korea has banned the trade.
Il Petroleum Brent is moving to the highs of the last three years around 69 dollars a barrel. US inventories fell for the eighth consecutive week. Saipem advances +2,6%: Bernstein raises the rating to Market Perform.
The best performance is that of stm (+3,3%). This morning Credit Suisse upgraded the rating to Outperform from Neutral and the target price to 24,50 euros from 19,50 euros. On Fiat Chrysler (-1%) take profits. FinecoBank (+1%) marks the sixth consecutive historical record. Mixed banks after yesterday's rally. In November, in Italy, total loans rose by 1,4% yoy. Non-performing loans, net of securitizations, down by 6,4%. Understanding (+1%) pushes to the highest since September. Unicredit + 0,1% Where's Banca -0,1% B for Bank -1%. Creval falls by 3%.
Mediobanca -0,6% after the shareholder Pirelli (+ 1,1%) sold all of its stake.
Among the insurance companies, the leap of Catholic (+8%) on the maximum since 2014 pending the industrial plan.
Astaldi -2%, from +5% in the first stages. Danieli +3%: Kepler Cheuvreux raises the rating to Buy.
slips Bank Ifis (-4%). A formidable competitor could arise in Italy in the management of non-performing loans: Intesa intends to sell its platform for NPLs to a specialized Danish company.
Sias (-0,3%) won the tender for the concession of a motorway section in Brazil.
