Prudence and volatility on European lists that move in no particular order awaiting the opening of Wall Street and the data on US inflation. Milan moved up slightly at mid-day by 0,23% after fluctuating several times around parity, while Paris and Frankfurt remain undecided around parity. London was weaker, slipping by 0,19%. In the wake of yesterday's rebound and the increase in exports, Tokyo instead closed up 2,6%.
In the UK, the Bank of England has published the minutes of the Monetary Policy Committee meeting held in October in which two of the nine members of the Monetary Policy Committee (Ian McCafferty and Martin Weale) again voted in favor of a 25-point hike basis of the reference rate. The decision to keep the quantitative easing program unchanged at 375 billion pounds was unanimous.
Today the president of the European Commission Jean-Claude Juncker asked for the confidence of the European deputies and announced that the 300 billion euro investment plan will be presented by the new EU executive by Christmas. Comments on the Stability Law are arriving today from Brussels. "Remarks always made" while "the very fact that a letter has arrived from the EU evokes who knows what procedures or threats", wanted to point out the premier, Matteo Renzi in his speech in the Senate referring to the debate of these hours on the maneuver that would demonstrate of a sort of subordination of Italy.
The Btp-Bund spread is down to 163 basis points. Today is the third day (and last for retail customers) of placement for the seventh Btp Italia issue which has totaled requests for around 4 billion, a lower level than in previous years. For the head of Public Debt, Maria Cannata, the result is satisfactory and the minimum real guaranteed rate of 1,15% set "could be revised upwards at the end of the placement, given the market volatility recorded in recent days".
This was announced by the head of Public Debt, Maria Cannata, who expresses satisfaction with the progress of the first phase of the placement. “Exceeding 4 billion in retail funding in two days is certainly a satisfactory result. The BTp Italia – she comments – confirms itself as a product that appeals to individual savers who are looking for simple protection of their savings ”.
The banks will be in the spotlight between now and Sunday, the day on which the ECB will release the results of the stress tests. According to the Spanish agency Efe, which cites sources close to the dossier, eleven European banks may not pass the stress tests and among these there would be three Italian institutions. But the data is they are preliminary and the final result could therefore be revised.
Mps +2,45%, Finmeccanica +2,20% runs in Piazza Affari after the new CEO Moretti spoke of the need for a change of course. In a hearing in the Chamber, Moretti confirmed the company's plan to sell the transport business, with binding offers that should be presented by October 31st and that the industrial plan will be presented next December.
Stm +1,58%, Atlantia +1,56%, Tod's +1,46% also stood out. Luxottica +1,26% pending the appointment of CEO According to Repubblica, the new co-CEO would come from Procter & Gamble.
At the bottom of the Ftse Mib Cnh -2,4%, Banco Popolare -1,25%, Unipolsai -1,05%, Bper -0,79% and Tenaris -0,79%.
