Piazza Affari vonsolida at the end of the session a gain of 0,93%, the only market in sharp rise among the main European stock exchanges thanks to the leap in Telecom Italia +4,3% in the wake of hypotheses of a capital increase reserved for new shareholders and the good performance of banking sector.
Positive too Madrid +0,52%, followed by +0,15% of Paris. In reverse Frankfurt closed down by 0,47% despite the data on industrial production much higher than expected in June (+2,4% on May), and London by 1,4%. Today the Bank of England, following the Fed model, announced that rates will remain unchanged at 0,5% until the unemployment rate falls below 7%.
Losses also for Tokyo which closed in the red by about 4% conditioned by the strengthening of the yen. The moods of the stock markets, which put the brakes on the upward trend of Piazza Affari (+1% at the end of the morning) pay off the fears and conflicting signals on the start of the tapering by the Fed. While Bernanke bought his time, several recent statements have left to understand the opposite: yesterday Charles Evans, president of the Chicago Fed and voting member of the monetary policy arm of the central bank, and Dennis Lockhart, president of the Atlanta Fed and also a non-voting member of the FOMC, today on Sandra Pianalto, head of the Cleveland Fed.
A Wall Street the indices opened lower for a third session after new highs set last week. The Dow Jones dropped by around 0,46%, the Nasdaq by 0,6% and the S&P by 0,5%, after yesterday it had already returned below the 1.700 point threshold. Quarterly data doesn't help. On the results falls for example Walt Disney which drops almost 3%. However, double-digit growth results for Freddie Mac with the improvement in the real estate market: the group recorded profits up 65% to 4,99 billion dollars thanks to the improvement in the real estate market, the seventh consecutive quarter of increasing profits and of the second with the best result.
New hit then for Warren Buffet, which confirms his touch as an Omaha guro: thanks to the leap on the five-year highs recorded by the Washington Post Company stock in yesterday's session, the value of Buffett's stake exceeded one billion dollars. The idea is that the group got rid of the Washington Post newspaper that weighed on the accounts of a conglomerate that also includes the sites Slate.com and TheRoot.com, the magazine Foreign Policy, the Kaplan education arm, a TV series premises and the building where the editorial office of the prestigious newspaper of the American capital is located. In short, Buffet, as the FT comments, still manages to make money with printed paper.
And the front of those who believe that the tapering will begin in September is strengthening. The exchange euro Dollar rises to 1,3330 (+0,19%) and WTI oil is down 0,2% to 105 dollars a barrel. The Btp-bund spread closed stable at 257 basis points.
Banks gain the top positions of the Ftse Eb: Banco Popolare +3,32%, Bper +3,78%, Unicredit +2,68%, Ubi Banca +2,57%. Also highlighted on the list is Banca Carige which rises by 4,41%, after yesterday's rise of %, in the wake of the insistence on the rumors of a plan prepared by the chairman, Giovanni Berneschi, to bring Unipol into the bank's capital with a stake by 27% and solve the problem of capital strengthening requested by Bank of Italy.
Negative at the bottom of the Ftse Mib Mediaset – 2,7% on profit taking after the rally, Saipem -2,2%with lively exchanges. In addition to developments on the judicial front, the stock pays for Consob's findings on the 2012 financial statements and the profit warning at the beginning of 2013. Azimut -1,63%, Ansaldo -1,13%.
