An epiphany of shopping lights up the stock exchanges today and rounds off a very stormy Christmas period. Business Square it gains 3,37% and returns to 18.831 points, with oil stocks and banks in orbit. In the main price list it only loses Amplifon, -0,69%, dominated by gains after yesterday's gains.
Final with a bang also for Frankfurt + 3,37% Paris +2,72%; Madrid +2,52%; London +2,16%. The European stock markets, already well tuned in the first part of the session, accelerated in the afternoon with the upward opening of Wall Street, which in turn gains strength, after the first phase of trading, from the words of Fed chairman Jerome Powell, "patient and flexible", ready to change course in monetary policy if needed (two increases are expected in 2019 of the cost of money). Wall Street is celebrating: at the moment the Nasdaq is up by almost 4 percentage points, while the Dow Jones and S&P 500, which have lived the worst December since 1931 and a start to the year to forget, recorded progress close to 3%. Apple Lossless Audio CODEC (ALAC), is recovering 3,7% after yesterday's meltdown.
A lot of news is contributing to this excellent session from east to west, with the closing up this morning of the Asian markets (with the exception of Tokyo -2,2%) and that of the European stock markets: from the recovery of the December indicators on the manufacturing activity and services in China, with the resumption of dialogue between the US and the celestial empire to avoid new tariffs, with a stars and stripes delegation that will go to Beijing next week.
The US macro data were also positive, especially those on the labor market in December, much higher than expected: payrolls in the non-agricultural sector grew by 312 units, compared to the 184 expected and the 176 in the previous survey (magazine from 155 thousand units). Average hourly wages rose 0,4% from +0,2% in November and against +0,3% expected by analysts, while the unemployment rate rose to 3,9% from 3,7%.
At 10 in the morning, American time, it is then Jerome Powell who throws fuel on the fire: "We will be patient in watching how the situation of the economy evolves - says the president of the Fed, speaking to the American Economic Association - and ready to change in a the course of American monetary policy will be significant”, if necessary “rapidly and flexibly”.
In this context, defensive assets such as thegold, which drops to 1284,87 dollars an ounce (-0,71%), while the Petroleum, despite US weekly inventories being unchanged and a decline was expected; Brent +2,54%, 57,37 dollars a barrel.
The oil stocks of Piazza Affari toast: Saipem is the best +6,47%; Well Eni +3,61% and Tenaris +3.77%. Banks catch their breath: Unicredit +5,96%; Mediobanca +5,95%. Carige remains suspended, while Reuters writes that the extraordinary commissioners have initiated preliminary contacts with the Sga, the Treasury company that manages non-performing loans, to evaluate a possible acquisition of NPLs from the Genoese institute functional to a merger operation.
The Agnelli galaxy shines, with fca, +5,61%, after the excellent data on US sales published yesterday; Cnh + 5,97%. Diasorin, +5,58%, benefits from the ok of the competent US authority for its new diagnostic test.
The change euro dollar it is little moved in area 1,14.
The Italian secondary was moderately positive: the 2,89-year yield is XNUMX% and lo spread with the Bund closing down by -0,19% at 268.30 points.
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