The FBI's step back on the Hillary Clinton allegations has boosted the stock markets. Piazza Affari leads the race of European stock markets with a rise of 1,85% which the index reports Ftse Eb over 16.500. Last week the index lost 5,8%. Increases between 1,3 and 1,6% for the other markets of the Old Continent. The Euro Stoxx 50 index, after six consecutive negative sessions, is back on the rise, gaining 1,7%
On the macroeconomic front they come from the Eurozone retail sales September and the November Sentix index reading on investor confidence, with expectations for an index of 9,3. Investor confidence in the euro zone had already improved in October, reading 8,5 from 5,6 in September, above expectations the euro/dollar exchange rate jumps to 1,055 from 1,1135 on Friday evening closing in New York and the dollar/yen to 104,44 from 103,12.
falls thegold at 1.289 dollars/ounce (-1,1%). The spread between Btp and Bund the week opens slightly down, at 153,9 points, after closing Friday at 160 points. The yield is 1,67%.
Il Petroleum (Brent +1,3% to 46,1 dollars a barrel). salt Eni (+1,4%): CEO Claudio Descalzi who in an interview did not rule out the listing of the chemical division on the stock exchange. Saipem +1,16%, Tenaris +0,47%.
Snam it rose by 3,3%, to 3,9 euro, on the day the subsidiary's spin-off became operational italgas, is debuted on the list at 4,010 euros. The prices of both companies are well above the reference prices calculated by Borsa Italiana, which are 3,78 euros for Snam and 3,998 euros for Italgas. In the ceremony for the launch of the listing, CEO Paolo Gallo said he expected the company to have a capitalization of between 3,2 and 4 billion. The manager added that the 2017-18 dividends will grow by 2-3% per year compared to the 20 cents expected for this year "from 2019 - he declared - when we will have a clearer picture on the tenders for the management of gas networks, we could reward our shareholders more”.
Once again it is the banking sector that sets the tone for the session. Yet another crazy session for Mount Paschi +13,8%. The Foundation has confirmed that it has chosen Alessandro Falciai for the office of president of the institute at the assembly on the 24th, but it is not certain that, even if it counts on the votes of the Treasury and Axa, the candidacy will be approved.
The market response to the accounts was excellent Intesa Sanpaolo (+3,3%) announced on Friday afternoon. The Bank closed the third quarter with a net profit of 628 million, down from 722 million a year earlier, but above analysts' expectations. The Cet1 stood at 13% compared to 12,9% at the end of June.
Bene Unicredit (+3,5%). According to the Financial Times for the auction of Pioneer, which will close on Thursday 11, the name of Ameriprise, the US colossus that took over Threadneedle in 2003, in search of a new operational base in Europe after Brexit, popped up with arrogance.
The big European banks are euphoric. In Paris, BNP Paribas e Société Générale jumped by 2,53% and 2,29%. in Frankfurt Deutsche Bank e Commerzbank they shot up by 2,38% and 2,50% respectively.
In London HSBC Holdings marks a surge of 4,35%. HSBC gains despite an 86% plunge in third-quarter after-tax earnings reported this morning.
The other blue chips that presented their quarterly report last Friday were in positive territory. Telecom Italy (+1,33%) achieved in the three months to 30 September the best quarter since 2007 on the domestic market and showed an increase in revenues and margins.
Terna, which closed the first 9 months of the year with a net profit of 487 million, rose by 1% to 4,27 euros. Finally, among the industrialists Fiat Chrysler salt by 3,1%, Leonardo + 1% StM +3,5% and Ferrari + 2,9%.
