The financial week of starts on positive ground Square Business, up by Present in several = 0,44% at 22.200 points despite the detachment of some coupons.
The German political crisis does not seem easy or quick to resolve. But for now, European stock markets don't seem alarmed: Paris earn 0,4%, Madrid +0,15%. TO Frankfurt, after starting in the red, the index has taken the upward path. The step forward of Rwe +1,94% affects pending developments on the possible sale of Innogy, the company of renewables in which it is also interested Enel +0.2%. Well too Volkswagen which earns 4% by dragging the parent company Porsche +3% after updating the five-year plan targets.
Angela's problems Merkel instead they are reflected in the euro at 1.173 against the dollar (-0,4%).
The start of the US week was positive, in the wake of the macro data. Wall Street moves slightly higher.
The US "super-index" grew by 1,2% in October, offering new support for rate hikes. The reaction on bonds was immediate: the yield on the 2-year Treasury went as high as 1,74%, a nine-year high. The spread between two-year and ten-year bonds fell to 61 basis points, a 10-year low.
Brent corrects down by one and a half points. Eni + 0,22% Saipem + 0,9%.
The main title of the day is Mediaset +4,2%, pending the possible agreement between Fininvest and Vivendi before the hearing at the Court of Milan, set for 19 December.
Telecom Italy +0,6%. Today the managing director Amos Genish and the minister of economic development, Carlo Calenda, meet.
The performance of the session was affected by the detachment of the 2017 interim dividend of some important blue chips: Atlantia -0,7% Banca Mediolanum -2,86% Mediobanca -3,65% Recordati + 0,63% Tenaris -0,25% Terna -2,03%.
“Interest rates are expected to remain at current levels for an extended period of time, well beyond the horizon of our program” of quantitative easing. Mario supported it Draghi during the hearing in the European Parliament. With regard to non-performing loans, a "joint effort" is needed. The recovery, according to the banker, "remains solid and widespread thanks to the support of domestic demand" but it will take time before "the improvements observed translate into more dynamic wage growth".
Between the banks it sinks Top of the module Carige Bank, suspended due to excess reduction on -38%. The major shareholders of the bank, the Malacalza family, Gabriele Volpi and Aldo Spinelli, together with the banks of the consortium (Deutsche Bank, Credit Suisse and Barclays), have given their formal approval to the capital increase of 560 million euro. The consortium has 100% guarantee of the operation.
On the contrary, it closes with a theoretical +47,6%. Valtellinese credit. Today, short selling has been banned. Once the danger of a new systemic crisis caused by Carige has passed, he rebounds Ps + 15,6%.
Among other institutes: Unicredit + 0,3% Understanding -0,14% Bpm bank + 2,7%.
In the rest of the price list, salt stmicroelectronics +1,18% after S&P raised its outlook to positive from stable, confirming its BBB- rating.
Yoox Net to Porter +1%. RBC has started hedging with Outperform, target price at 35 euro. Moncler + 2,15%.
