Business Square in line with the European climate and closed a session with a semi-festive flavor for the Immaculate Conception holiday with a slight decrease (-0,32%). In the misty landscape, however, shines a Moncler +1,85%, following the surprise announcement of the purchase of Stone Island.
Sales prevail a Frankfurt (-0,17%), Paris (-0,64%), Madrid (-0,53%), while Wall Street moves mixed after Friday's records. The enthusiasm for Covid vaccine news, which underpinned the recent rally, is dampened by the impressive growth of the pandemic in the United States and mixed data in Europe. US-China tensions also weigh heavily, following press reports according to which the Americans are preparing to impose sanctions against at least a dozen Chinese officials for their alleged involvement in the removal of opposition MPs elected in Hong Kong by of Beijing. Finally, the stalemate in trade negotiations between the EU and the United Kingdom creates uncertainty, pending the telephone conversation between the British premier Boris Johnson and the president of the European Commission, Ursula von der Leyen, in the late afternoon today. He suffers the pound, with the euro appreciating by 0,9%, bringing the exchange rate to around 0,909, but the London market (+0,1%) is saved from sales, on the eve of the first vaccinations against the Sars-Cov infection -2 starting tomorrow.
On the currency market the dollar remains close to a two-year low, while the euro is trading higher at 1,213.
Among the raw materials, the price ofgold, +1,53%, 1865,55 dollars an ounce, while the Petroleum is in slight decline. Brent dropped 0,61%, 48,95 dollars a barrel.
Among the macroeconomic news of the day we note the leap in German industrial production in October, +3,2% on the previous month, double the expectations of analysts. According to Berlin, production is at 96% of its pre-crisis level.
In Piazza Affari, the move by the queen of down jackets enlivens the entire fashion sector. Moncler reached new all-time highs during the session after the announcement of the purchase of the Modena-based brand for a maximum total outlay of 748 million euros. It is also envisaged that Carlo Rivetti, following the execution of the transaction, will become a member of the Board of Directors of Moncler. "I have always worked to build a strong brand, where uniqueness and proximity to the consumer have been the main cornerstones of a development that always goes beyond fashions and conventions", says the president and CEO of Moncler, Remo Ruffini.
In the rest of the list they go up nexi, +1,6%; Italgas +1,04%; Diasorin + 0,95%.
The blue chips with the biggest drawdowns are Cnh -2,6%; Prysmian -1,98%; Buzzi -1,83%%, Tenaris -1,76%.
Sales on bank stocks prevail, in line with the sector at European level.
Among the worst: Mediobanca -1,25% and Unicredit -1,18%. Bad savings managed with Banca Mediolanum -1,15%.
Out of the main basket it goes into orbit cft, +79,45% (4,54 euros per share), after the launch of the oipa by the Canadian automation solutions supplier Ats at 4,6 euros. A large Italian broker points out that the price offered values Cft about 17 times the expected profits for 2022 before possible synergies.
Effervescent Cy4gate, +14,14%, a company specializing in technologies for cybersecurity, intelligence and cyberwarfare listed on the Aim, while retracing Leonardo (-0,95%) indirect minority shareholder of Cy4gate after the hacker attack that emerged last Saturday.
Down Mediaset which loses 2,27% after the Council of State asked the Lazio Regional Administrative Court (which will discuss the case on December 16) to postpone the decision on the restrictive measures on the share held in Mediaset by Vivendi. For its part, the company of Bolloré it loses 0,16% in Paris, on the day of the "musical hit of the century". Vivendi, through its subsidiary Universal Music Publishing Group, a division of Universal Music, the world's first major record company acquired in fact Bob Dylan's entire music catalogue.
On the secondary salt lo spread at 115 basis (+2,11%) and the yield of the 10-year BTP closed at +0,57%. The debt market does not seem to be affected too much by the fibrillation within the government majority.
