The bull plays tic-tac-toe in Piazza Affari. In November industrial production Italy rose 0,3% month over month and 1,4% year over year. The leading indicator elaborated by the OECD shows that Italy is preparing for a lively recovery. Meanwhile, the Treasury has successfully completed the largest BTP placement since May 2011. A total of 8,2 billion euros of bonds were issued on three maturities, the target was 6,75/8,25 billion.
Finally, the agreement, reached yesterday, between the central governors on the calculation of the "financial leverage" ratio, the minimum guarantee capital against loans and other credit assets. In the last round of the negotiations, a softening of the general framework has been achieved.
The Exchange of Milano, on the wave of these drivers, thus closes the third consecutive session of increases, the FtseMib index rises by 0,66%, to 19697. Positive tone throughout Europe, with the global Stoxx 600 index up by 0,3, 0,78%. Madrid is the best (+0,39%), less large (less than half a percentage point) the increases in Frankfurt +0,26%, London +0,30% and Paris +XNUMX%.
The protagonists of the session in the Old Continent were the banks: the European Stoxx index for the sector rose by 1,6%. In Frankfurt Commerzbank rises by 4%, Deutsche Bank +3,6%. Ubs (+2,3%) and Barclays (+3,1%) also stood out. At Piazza Affari Banco Popolare advances 3,28%, Unicredit + 1,87% Understanding + 1,42% Where's Banca +3%. It also dates Mount Paschi, + 0,17%.
Asset management companies are on the rise. Azimuth +4,62% thanks to Goldman Sachs which included the stock in its Conviction Buy List, General Bank + 3,2% Mediolanum + 2,4%.
Fiat salt by 1,18%. Featured prominently in the automotive industry Peugeot (+ 7%) e Renault (+ 4%).
The best blue chip is Saipem, which rises by 4,87%. Behind the leap could be speculation on the arrival of an offer triggered by the news of the 3,2 billion dollar takeover bid launched by the British Amec on the American Foster Wheeler.
M&A fever is also contagious Campari, up 2,27% on news of the $16 billion paper and cash acquisition of US-based Beam by Japan's Suntory.
