The auto sector raises its head, comforted by sales in Europe. The European price lists are revived. Volkswagen (+2%) recovers half of the losses of the eve. Fiat Chrysler +1,4%. Car registrations in the European Union and EFTA countries grew by 8,6% to 1,21 million cars in October. The Fiat-Chrysler group grows by 2,5%. Pirelli + 1,6%.
Salt there Milan Stock Exchange: +0,44% around 23.600 points. But it is Frankfurt (+1,13%) to lead the rebound thanks to the push of the four wheels. They follow Paris (+ 0,66%) and Madrid (+0,47%). Best of all London (+ 1,02%).
The world stock market index, which closed yesterday up 0,15%, is less than a point off its all-time high. Markets take note of the new US easing gesture towards China, the White House has given another three months of exemption to US companies doing business with Huawei, many of these operate telephone networks in rural areas of the United States.
falls the Brent oil, to 62 dollars a barrel, due to the effect of the first indications on the trend of crude inventories in the United States and the expected slowdown in shale oil production. Gold down 0,3% to $1.472 an ounce.
Moody's sees "slow economic growth" in Italy and "significantly weaker than in most euro area countries". In its report on the global economy, the rating agency estimates a limited GDP expansion of 0,2% this year, which should be followed by a "slight" +0,5% in 2020 and a +0,7 % in 2021.
The asset management companies are highlighted: Azimuth +2,7% to 23,07 euro, new high for the period; Fineco Bank + 1,2% Soul Holding + 3% Mediolanum Bank + 2,5%.
Among the banks, Unicredit +1,3%. Morgan Stanley sets the target at 14,8 euros and says that a balance sheet simplification and de-risking operation could lead to lower CET1 requirements and a buyback. The bank is not working on mergers, Chief Executive Officer Jean Pierre Mustier said yesterday.
Where's Banca (+1,7%) will announce the new insurance partner within the communications of the new business plan, expected in the first part of 2020. UnipolSai + 1,1%.
Tim +1%. Luigi Gubitosi in an interview confirmed the group's deleveraging targets. Thanks to the completion of the Inwit deal (today +1,3% after the announcement of the merger with Vodafone Towers and the extraordinary dividend) and the Joint Venture with Santader, Tim should reduce its debt by 3 billion euros less than a year, about half of those envisaged in the plan.
In the meantime, the deadlines for the presentation of non-binding offers on Open Fiber and the FTTH network of the telecommunications giant by the infrastructure funds.
The Luxury companies rise: Ferragamo + 1,5% Moncler +1,6%. In Hong Kong, the revolt seems to subside, the city authorities have invited the rioters barricaded in the Polytechnic to surrender.
While in the Asian city-state the police continue to surround the student campus, Alibaba appears to have experienced booming demand for its US$13,8 billion listing and has decided to stop bookings four hours before the deadline.
In the rest of the list, sapphire +1% after yesterday's double-digit jump.
El.En still up (+3,4%) after the results released in recent days.
Bank System +4,8% after the acquisition of the pledge credit business from Intesa.
Trevi rebounds 4% after yesterday's drop.
