Reduced activity on European markets in the absence of Frankfurt, closed for the reunification holiday. In Milan the index Ftse Eb it is flat below 22.800 points. The same goes for Paris: French GDP rises by 2,2% on an annual basis, the highest trend in the last five years. The price lists outside the euro area were better: Zurich +0,7%, London +0,2%.
The liveliest price list is Madrid +1,01% which is not harmed by the now-hot tension on the axis with Barcelona. The Sentix, the German index which measures the sentiment of Europeans indicates that the risk of Catalan secession is not particularly felt by the Iberian public opinion. On the contrary, the European Union's stew risk caused by Austria rises.
Meanwhile Carles Puidgemont, in a press conference from Brussels, replied in Madrid: "the act of the prosecution is political, we are ready to accept the challenge of the elections". dismissed president of Catalonia.
The EFSA and ECDC's One Health report euro dollar falls to 1,1632 to a three-month low ahead of the Fed meeting starting today and the appointment of Janet Yellen's successor, almost certainly Jerome Powell. Weak inflation EU (1,4% against the forecast of 1,5%) while the growth in the third quarter stood at 2,5% (against the forecast of 2,4%) unemployment, fell slightly to 8,9% in September from 9,0%. In Italy, unemployment stood at 11,1% in October. “The stability of employment in the last month – writes Istat – is the result of an increase among men and those over 35 and an equivalent decrease among women and 15-34 year olds. Independents are on the rise, temporary employees are stable, permanent ones are decreasing”.
The yield differential between BTP e Waist ten-year bonds falls to 145 basis points and the rate on 10-year BTPs at 1,837% still on the wave of the outcome of the ECB meeting and on the promotion of Italy's sovereign rating by S&P. Yields on 1,46-year Treasury bonds from the Iberian country are trading at 10%, the lowest since the end of September, before the Catalan referendum on independence. The same goes for the spread between Madrid's 109,50-year government bonds and German Bunds, currently at XNUMX.
Oil Brent trades at 60,48 dollars a barrel, down 0,2%, yesterday reached its fifth rising session, at 60,9 dollars (+0,7%) it reached its highest price since 2015. The Stoxx oil index is up 1%. The English giant BP gains 2,5% after release of quarterly data.
Eni + 1,1%. Saipem + 1,11% Tenaris +0,4%. They bounce Trevi + 1,8% Saras +1,12% on new tops since 2015.
Banks go down, penalized by the fall in interest rates. A note from Mediobanca Securities comes out in anticipation of the bank accounts season. After ten years in the corner of shame, the analysts write, Italian banks have returned to having a solid basis. But uncertainty about the ECB's new criteria for non-performing loans (and potential extensions to the stock) represents a significant risk.
Understanding -1,03% Unicredit -1,08%. Bpm bank -0,27%. It should be announced today the alliance in bancassurance with Cattolica, up 0,4%.
Monte dei Paschi Bank loses almost 2%. Yesterday evening the Treasury decree was issued to compensate savers. The exchange offer, through which holders of MPS shares deriving from the burden sharing of the retail subordinated bond can receive senior debt securities, started at 8,30 today and will end at 16,30 on November 20, 2017, unless extended.
Mediaset accelerates up by 1,43% to 3,12 euros: the negotiation with Vivendi he ran aground again. Meanwhile, it was learned that the joint venture between the French group and Telecom Italy +0,67% will not compete for the broadcasting rights of Serie A football matches.
It still goes up Ferrari +0,50% to 101,4 euros, after having changed direction several times in view of the quarterly which will be released on Thursday. The consensus sees the growth trend already highlighted in the second quarter confirmed.
Highlight the utilities. A2A + 1%. Snam + 0,1%. Terna +0,6%. S&P has upgraded the ratings of the two companies. Enel + 0,1%. Atlantia + 0,43%.
The rally of the real estate: Aedes + 7,9% Stable Goods + 2,7% IGDMore + 2,5% Bribery Res +0,8%. In the final version of the budget law that arrived in the Senate for approval, the extension of the tax regime of Individual Savings Plans (PIR) to real estate companies was confirmed.
Still to be reported The sun 24 hours +2,7%. In the documents relating to the capital increase, there are indications on the trend of the business in the last period. Revenues for the first eight months, excluding the training and events area, fell by 12,8%, September is in line, with a drop of 12,7%, while EBIT at the end of August was negative by 45,1 millions.
