Le European stock exchanges closed in positive territory during the last session of the week. From the very beginning, traders' attention was focused on the appointment of the new number one of Federal Reserve, that the American president, Donald Trump, had said it would arrive today, putting an end to months of speculation. And so it was, thus confirming the rumors reported by the US media, including New York Times e Wall Street Journal: former member of the central bank's board will take over the Fed Kevin Warsh, who was supposed to meet Trump at the White House yesterday.
READ MORE Why the dollar is recovering on Warsh's bet on Fed leadership di G. Bruschi
Warsh is seen by many observers as the most likely candidate "falcon" among the names that have been circulating in recent months and the market is therefore preparing for a not so accommodating monetary policy compared to what was previously estimated: in fact, the dollar, while retracing the together withsilver. Warsh's name, moreover, should guarantee the Fed's independence from politics, a fact which, together with the progress made by Republicans and Democrats to avoid a new American government shutdown, helps investor morale.
Returning to European equities, Ftse Eb di Piazza Affari closes with a +1%. The other squares are also doing well Paris a Frankfurt.Across the ocean, however, Wall Street is in the red.
Among the main Milanese titles, St Microelectronics trying to recover ground after the slip on the eve. Banks are also doing well while awaiting the start of the quarterly earnings season, with Banca Mediolanum, Intesa Sanpaolo, Mediobanca e Ps. In the queue instead Fincantieri and oil companies, the latter in the wake of a correcting crude oil price while the market is pricing in a stronger-than-expected dollar. They are slipping Tenaris, Saipem ed Eni. In the rest of the price list, you realize on Pirelli waiting for concrete news on governance. Good instead Avio which raised its guidance on annual results, and eph, rallying after signing a strategic agreement for a photovoltaic power plant in Tunisia.
On the currency market, the dollar remains at 1,1939 per euro. The rate is falling. Oil prices. In sharp decline the , finally the Bitcoin it hit a two-month low overnight.
