MARKET PLACE BETS ON THE ECB. BULL TOWING FIAT. SAIPEM SINK
The fall in producer prices in the European Union (-0,4%) has brought new arguments in favor of QE in the eurozone two days after the ECB meeting. Thus the hope of operators on future expansive measures to the full advantage resumes of the rise. In Milan, the Ftse Mib index +0,48% closed at 19781. Paris +0,25% and Madrid +0,72% were also positive. In red instead Frankfurt. Great effervescence in London +1,29%.
The Btp/Bund spread updates its lows since 2011 at 127 basis points. The yield is unchanged at 2,02%, the gap between Btp and Bonos stable at 111. Positive climate on Wall Street after the positive data from the construction sector: the S&P500 index rises by 0,3%, Dow Jones +0,2 %, Nasdaq +0,4%. Highlights in the biotech sector Biogen +7% after announcing promising results for its drug for the treatment of Alzheimer's, which will soon enter a final phase of trials. Brent is down again to 71,7 dollars a barrel (-1,1%). Eni ended the session with an increase of 0,7%, Tenaris gains 0,8%.
On the other hand, a drastic fall for Saipem -10%, victim of the declarations of Russian President Vladimir Putin, who yesterday said that the South Stream gas pipeline will not be built: Saipem had won a 2 billion dollar contract for the project. Fiat Chrysler stood out in Milan with a solid rise of 2,9% after the positive data on car sales in the USA (+20%) and in Italy (+5,9%) in November.
Among the industrial stocks, Finmeccanica +1,8%, Cnh Industrial +3,7% and Prysmian +2,7% also shine. The ruble crisis and the uprisings in Hong Kong weigh on the luxury sector: Ferragamo -4,4%. Tod's lost 2,9%. Luxottica went up +1,2%. Telecom Italia eliminated the losses and closed with a gain of 0,4%. “There's no hurry on Brazil, we won't go too far” CEO Marco Patuano declared yesterday. Among the utilities, the decreases of Atlantia -1,2% and A2A -1,8% stand out, Enel goes up by 0,1%. Finally the banks: Unicredit rose by 1,1%, Ubi +2%, Pop.Emilia +2,8%. MontePaschi gains 0,4%, Banco Popolare +0,3%.
