The spread approaches the Monti threshold (287 points): it reaches 290 and then closes at 295 with a yield down to 4,38%. Piazza Affari did well, closing up 1,10%. Madrid climbed 1% after industrial orders jumped 5,2% in October. Optimism also in Athens where the index rose by 4,81%.
In the wake of S&P's six-step promotion from Sd. Selective default to B- with stable outlook. Greek bond yields are at 21-month lows. Frankfurt rises by 0,19%. The Ifo index for December was released today, rising above expectations to 102,4 points from 101,4 in November, Paris , London +0,43%. The euro travels at 1,3260 while Wti oil rises to 89,12 dollars a barrel (1,35%).
Wall Street moves weakly. After turning negative in the afternoon at the close of the European markets, the Dow Jones gives ground just below parity and the Nasdaq moves just above. New home construction in the United States fell 3% in November to an annualized rate of 861.000 units. Building permits rose by 3,6% to a rate of 899.000 units, the highest since July 2008. New tensions on the front of the fiscal cliff: the White House has threatened to veto plan B of the speaker of the chamber, John Boehner, who it provides tax increases only for those earning more than a million dollars a year.
In Piazza Affari Buzzi Unicem leaps by 6,63% in the wake of the judgment of Deutsche Bank which has raised the recommendation to buy from hold. Tenaris +3,11% and Parmalat +2,6% were also highlighted. The banks are running: Ubi +4,43%, Unicredit +3,20% Banco Popolare +1,62% Intesa +0,31%. Mps loses momentum and closes at parity +0,04%.
Tomorrow the boards of Unipol (+1,38%) Fonsai (-0,70%), Premafin and Milano Assicurazioni will meet to establish the exchange rates for the go-ahead for the merger and update the industrial plan of the new company. RCS dropped 1,11%. Today the group has given the go-ahead to the plan which envisages that digital technology will reach 2015% of turnover in 25 from the current 14%.
In closing, Erg confirms the leap to +9,85% in the wake of the launch of the new strategic plan for 2014 which envisages 500 million investments and a gross operating margin of 600 million and after confirming the financial targets for 2012 and the current dividend policy. At the bottom of the Ftse Mib Finmeccanica and Pirelli -0,74%.
