Interlocutory day for the Stock Exchanges awaiting the speech by Fed chair Janet Yellen and tomorrow's directorate of the ECB. However, Milan managed to close up by 0,53% even if the spread reached 162 basis points with an increase of almost 4%. Paris -0,37%, Frankfurt +0,09%, London +0,2%.
Wall Street opens cautiously in the aftermath of the record session. Good news on the employment front. According to the ADP index, the private sector created 281 jobs in June, above expectations. Now the market is looking at the June comprehensive jobs data due tomorrow instead of Friday when the markets will be closed to celebrate Thanksgiving. Highlights Bank of America promoted by analysts of Deutsche Bank while the GoPro freshman collapses. The attention these days is directed to Yellen's speech on financial stability given at the IMF. In recent days, the Fund had criticized the excessively low rates and the risks deriving from them. Tomorrow it will instead be the turn of Draghi's ECB which could give more precise indications on the launch of Ltro loans and securitizations.
Today the Bundesbank placed 3,269 billion bonds maturing April 2019 at a rate of 0,5% and a coverage ratio of two times. In Great Britain, the index on purchasing managers of companies for June was published and rose to 62,6 compared to 60 in May, beating forecasts and marking the highest value since February. The pound strengthened against the dollar while the euro-dollar exchange rate slipped by 0,2% to 1,3651. WTI oil dropped 0,11% to 105,22 dollars a barrel.
Finecobank shines in Piazza Affari on the first day of listing: the unicredit subsidiary rises by 8,1% to 4 euros per share from 3,7 of the listing. At the top of the ftse Mib, Autogrill +4,3% and Wdf +2,2% rebound. Bpm +2,95% is also good. In light Mediaset + 2,15% after the executive vice president Pier Silvio Berlusconi indicated that a turning point on the Spanish pay TV dossier is close. At the bottom of the basket we find Telecom Italia -1,75% penalized by a day of sales in the sector after Bouygues Telecom announced that it does not intend to participate in the consolidation of the French market. In an interview with Sole24Ore, President Recchi then dismissed the possibility of selling the assets in Brazil. Yoox -1,53% and Luxottica -1,2% are also bad. Among the worst Mps -1,11% in the aftermath of the repayment of the Tremonti bonds. Saipem loses 1,21%.
