At the end of the session, the main European stock exchanges all move into positive territory, driven by the good intonation of Wall Street with the earnings season getting underway, while in the background the Fed remains under special observation, awaiting the handover on February 0,17st between Ben Bernanke and Janet Yellen. Speeches by the two governors of the central banks of Dallas and Philadelphia are expected in the afternoon. Even Piazza Affari, after a day in the red, in the final shot above parity and closed up by 0,26% driven by some stocks such as Mediaset, Wdf, Mps. Paris +0,32%, Frankfurt +0,47%, Madrid +0,14%, London +XNUMX%.
The spread is confirmed at just over 200 points at 207. Today the Bank of Italy announced that the Italian public debt it reached a new all-time high at €2.104 billion in November. Istat today released the figure on inflation which in December on an annual basis remained stable at 0,7%, the same value already recorded in November and the lowest for four years. On a monthly basis, the Institute reports an increase of 0,2%, after a series of three consecutive economic downturns.
In Europe, industrial production showed a surge in November in the euro area: +1,8% after -0,8% in October. In Italy, on the other hand, Italy's growth slows down, rising by 0,3%, after 0,7% in October. The figure is growing on an annual basis both in the euro area (3%) and in Italy (1,4%). Economy Minister Fabrizio said he sees "timid signs of recovery" which must be supported with policies for growth and employment. Signals that for Saccomanni come after a long period of debt consolidation.
On Wall Street at the close of Europe, the Dow Jones rose by 0,36%, the Nadaq by 1,23% and the S&P 500 by 0,75%. In the US, import prices were unchanged in December, after two consecutive months of decline. Expectations were +0,3%. Retail sales rose 0,2%, and 0,7% excluding auto. Oil rose 0,5% to $92,29 a barrel, or the euro dollar was stable at 1,3681. Gold drops 0,73%.
With the quarterly reports, came the accounts of the big banks such as JpMorgan which filed fourth-quarter profits down to 5,28 billion (-7,3%) mainly due to the settlements (2,6 billion dollars) for the affair Madoff. But without the extraordinary voices the result is better than expected and is well received on the stock market. Profits in evidence also for Wells Fargo with profits higher than those of JpMorgan.
In Piazza Affari the banks are moving in opposition. Good Mps +2,6% awaiting the press release after the board of directors meeting. Ubi +0,7%, Banco Popolare +0,60%, Down Bpm -0,5% where the team on the management board has slipped, Unicredit -0,3%. Consob president Giuseppe Vegas has asked that commercial and investment banking activities be separated in Europe as well as in the USA in order to respond to "the persistent financialisation of the economy" and prevent "systemic risks".
At the top of the Ftse Mib is Mediaset +3,8% which updated the maximum since May 2011 after exceeding the 4 euro threshold. In the spotlight for days, after the announcement in December of a study for the integration of pay TV in Italy and Spain, today it also receives the upward revision of the target price by HSBC from 2,6 to 3,3 euros which in any case confirms the underweight advice.
Wdf +3,8%, Gtech +2,4% and Atlantia +1,9 did well. At the bottom of the main basket still sales on Yoox -3,35%, Ferragamo -2,7%, triad -1,38%, Luxottica -1%, Telecom Italia -0,99%.
