The Stock Exchanges are advancing in the wake of the Fed's minutes, which confirm the forthcoming hike in US rates. The minutes of the ECB meeting held on 22 February will also be published today: the markets are awaiting, in this case, the confirmation of the expansion of the expansionary measures for the Eurozone.
In the morning, meanwhile, he arrived China's cut on overnight deposits. Finally, tonight there will be the decisions of the Japanese Central Bank: no changes are expected in Tokyo's monetary policy.
Il dollar it weakens against the euro to 1,071.
Lo spread Btp/Bund rose up to 104 basis points and then returned to yesterday's values (102 points) after the successful outcome of the Spanish auction.
In Europe, raw materials companies (Stoxx index of +2,5%), oil companies (Stoxx +1,5%) and automotive companies (Stoxx +1,8%) rose. Volkswagen is the best stock in the EuroStoxx 50 index with an increase of almost 3%. At Piazza Affari, Fiat Chrysler salt by 2%, Industrial Driver's License 0,5%.
It still shines Finmeccanica (+1,8%). Friday night's terrorist attacks in Paris will push governments to increase investments in controls of territory and people that will not be calculated in the Stability Pact.
Enel loses 0,3%. The day after the presentation of the new business plan, which also provides for the integration with Enel Green Power, Investec has cut the target price to 4,5 euros from 5 euros. Shares of the renewables company, up 0,5%, were traded to Neutral by Exane.
Down Snam (-0,29%) And Terna (-1,67%). Moody's, in a report that does not announce a decision on the debt rating, says that in 2016 low inflation will continue to reduce the financial flexibility of energy and gas distribution network companies.
Furthermore, the Energy Authority has published the new indications for the calculation of tariffs in the distribution and transmission of electricity. The regulator has introduced remuneration systems for invested capital which could lead, starting from 2018, to a drop in the profits of companies operating in the sector. 2% salt A2A.
Oils are positive: Eni + 0,8% Saipem +1%. Among the banks, Unicredit + 0,7% Monte Paschi Bank -0,1% Understanding +1%. Among the popular, Banco Popolare +1,8%: by the end of the year there could be some news on the subject of aggregations, said the CEO Pier Francesco Saviotti yesterday evening, on the sidelines of the ABI meeting.
In asset management, Mediolanum + 2% Azimuth +1%. The Financial Conduct Authority, one of the British financial market supervisory authorities, has launched an investigation into the practices of asset management firms.
The luxury companies also stand out (Stoxx +1,8%): Ferragamo + 2,9% Tod’s +1,7% and Yoox Net to Porter + 1,7%.
