We are almost there. In a few hours, at eight in the Italian evening, the Fed verdict most awaited and uncertain in recent years. The postponement party prevails in the polls on the eve. The latest to suggest that the Fed not touch the cost of money was Lloyd Blankfein of Goldman Sachs. But it is difficult to predict what the market's reaction will be to a possible hike, or to a choice of continuity at zero interest rates. The positive fact is that, whatever the choice, the uncertainty that has weighed on the stock exchanges in recent weeks will disappear.
The Borsa forecast therefore signals a discreet animation. salt Tokyo (+0,8%), despite rating cut by Standard & Poor's from AA- to A+. Traders are convinced that, after the latest disappointing export data, the central bank is ready to increase the amount of Qe.
Little moved, for now, Chinese price lists: in the last few sessions the most significant movements were recorded just before the closures, probably due to the purchases of state-owned companies.
Positive closure for Wall Street: the Dow Jones index and the S&P 500 are up 0,9%. the Nasdaq by 0,5%.
Once the wait for rates is over, the desire for M&A is back. Altice, the French company led by Patrice Drahi, has meanwhile won control of the American Cablevision for 17,7 billion dollars.
Uphill the Petroleum, Brent again close to 50 dollars a barrel and the Wti at 47,5.
MILAN +0,7% BRAKES IN THE FINAL. BTPs ON THE RISE
Positive moods also for the European Stock Exchanges. Milan closed the session with a rise of 0,7%, after having recorded a mid-day progress of more than 1%. The other lists of the Old Continent were better: Paris marked an increase of 1,7%, Frankfurt +0,5%, Madrid +1,7%.
Session contrasts for government bonds. The 1,90-year yield rose to XNUMX%.
The point in favor of Buenos Aires in the endless tango bond match should be noted: the New York court of appeals overturned the sentence of the New York district judge Thomas Griesa, who had widened the class action of some Argentine bond holders against the government of Buenos Aires on the default of 2002. The decision concerns in particular the legal action of the holders of Argentine bonds denominated in euro.
POPULAR DOWN: TRANSFORMATION INTO SPA TOO SLOW
The banks, in particular the Popolari, slowed down the rush to Piazza Affari in the afternoon, held back by concerns over the timing of the transformation into a joint-stock company and the consolidation of the sector, which seem to be getting longer and longer. Pop Milano dropped 2,62%, Banco Popolare 2,55%, Ubi 1,71%, Pop. Emilia 0,82%.
Monte Paschi is also in sharp decline (-2,73%): a possible partner is not in sight on the horizon. Carige is also bad (2,84%). Among the big names, Unicredit -0,4%, unchanged Intesa. The European Stoxx of bank stocks marks +0,72%.
In the rest of the financial sector, Vittoria Assicurazioni (+1,13%) should be mentioned: after closed markets, the company communicated an update on its 2015 objectives. The group estimates net profit for 2015 at 76,7 million euro, up compared to the previous target (76,2 million).
LUXURY SHINES TOWING RICHEMONT AND PRADA
Prada shares still up this morning in Hong Kong (+0,88%), after yesterday's jump of 10%. The good results of the Milanese brand, due to cost cutting, detonated the recovery of European brands together with the leap of Richemont, giant of watches and jewels, which rose by 6,3% on the Zurich Stock Exchange after announcing a acceleration of sales in the first five months of the year.
In Paris Lvmh rose by 3,9%. The Luxury sector of Piazza Affari was also positive: Ferragamo +3%, Moncler +2,4%, Yoox +2,7%, Tod's +1,6%.
THE WORLD BEER EMPIRE IS BORN. SALTS ALSO CAMPARI
The birth of theworld beer empire: Anheuser-Busch InBev, the world's largest brewer, has informed SABMiller that it plans to bid to acquire control. A group will be born with a stock market value of 250 billion dollars. The ferment in the sector gave a boost to Campari (+2,08%).
INWIT PUSHES TELECOM, MEDIASET RADIOS
In evidence Telecom Italia (+2,3%), after the rumors of Les Echos according to which the first shareholder, Vivendi, could increase its stake from 15% to 20%. The chairman, Giuseppe Recchi, said today that the next Board of Directors meeting in Brazil on 24 September will not discuss the conversion of savings shares.
But what favored the rise of the telecommunications company was above all the news of the interest in Inwit (+3,6%): Cellnex is reportedly considering an offer for a share in the company of the Telecom towers.
Mediaset stands out (+2,6%) after the new one investment in the radio sector.
CNH REBOUNCES: SINCE THE END OF JULY IT HAS LOST 26%
Among industrialists, Finmeccanica +0,4%, StM +1,4% and Fiat Chrysler +0,7% performed well. Strong rise by CNH Industrial (+3,4%), which rebounds after having accumulated a 26% loss since mid-July, higher than that of its competitors. Deere ($26,7 billion market cap, 59 employees) is down just 18% from its July 16 high, and smaller Agco ($4,2 billion market cap, 20 employees) is down 18% from its August 10 peak .
GOOD OILS. A2A DOES SHOPPING
Good rises for oil: Eni (+2%) closed on the highs of the session thanks to the rebound of oil to 50 dollars a barrel (+5%) after the unexpected drop in US inventories.
Saipem (+3%) and Tenaris (+2,6%) also rose after data on US hydrocarbon stocks lower than expected. JP Morgan expects a rebound in European oil and gas stocks, justified by depressed valuations.
Enel rose by 0,8%. A2A +1,7%. The utility could present a non-binding offer this week to acquire 51% of Linea Group. According to Banca Akros it would be an important first step for the sector's M&A strategy.
