The Asian Stock Exchanges are about to complete the long streak of records that characterized the financial markets yesterday, launched towards the highs.
The Tokyo Stock Exchange (+0,5%) has been at the top for a year, the Asia Pacific index for eight months. Australia also rose, as did Hong Kong (+1,3%) and Seoul (+1,2%). Mumbai is also on positive ground (+0,7%), despite the climate of civil war after Modi's decisions against the Muslim minority (300 million people).
Chinese markets rose: Shanghai +1,3%, the yuan remained above 7 against the dollar.
A powerful rally which, moreover, is putting the bonds under pressure, also due to the contribution of Donald Trump's team, determined to overshadow the impeachment thanks to the rise in the price lists. Last night Larry Kudlow, the White House economic adviser reiterated to Fox News that trade with China is set to double within a year. The Chinese, to tell the truth, are much more cautious, waiting for the definitive text of "phase one" of the agreement to be defined, but Robert Lightizer, the "hawk" who leads the US delegation, went so far as to say that "the agreement is made".
WALL STREET ROARING, BUT BOEING IS ON THE ROPES
Against this backdrop, Wall Street experienced a roaring day, also because some macro data strengthened the picture of the American economy.
This is how the Wall Street indices are making progress, including the Dow Jones (+0,36%) which, however, are weighed down by the dramatic crisis of Boeing (-4,3%) which is considering ceasing production of the 737 Maxi after a year of fruitless attempts to fix aircraft safety issues.
Apple's earnings (+1,7%) instead helped the race of both the S&P 500 index (+0,71%) and the Nasdaq (+0,91%).
The chips are in the lead: the Sox index, Philadelphia Semiconductor Index, reaches its all-time high with a leap of +2% but none of the sectors shows a negative sign demonstrating the unity of the rise.
THE YIELD OF T BONDS RISES. STILL PURCHASING OIL
On the other hand, the yield on ten-year Treasuries rose, traded at 1,88%. Gold was weak this morning, traded at 1.475 dollars an ounce.
Oil purchases continue, reaching the fourth consecutive rise. The Wti marks +0,1% at 60,30 dollars. Brent at 65,5 dollars a barrel, +0,1%.
Highlights yesterday in Piazza Affari Saipem (+1,2%). CEO Stefano Cao does not rule out a return to the dividend.
EUROPEAN FUTURES RISE (+0,1%), LONDON FLIES
This morning the European stock exchanges anticipate a further rise after yesterday's gallop: futures on the EuroStoxx50 index +0,1%. To accentuate the upward push was again the echo of the victory of the Conservatives in the British elections. Prime Minister Boris Johnson will add a new clause to the Brexit bill to make it illegal for Parliament to extend the transition process beyond the end of 2020, a senior government official confirmed tonight. Once the UK leaves the EU on January 31, it will enter a transition period during which the two sides will have to try to finalize an agreement on their future relationship, especially in the trade field.
YES OF THE SENATE TO MANEUVER
Late yesterday evening, the Senate approved the 2020 maneuver with 166 votes in favor and 128 against. The budget law is now being examined by the Chamber where it will be definitively approved by the end of the year.
BUSINESS PLACE +0,84%: TOWARDS +30% WITHIN THE YEAR
The Eurostoxx 50 index (+1,2% to 3.776 points) rose to its highest level since April 2015. November was the eighth positive month of the eleven completed in 2019 and December is set to be the ninth. Since the beginning of the year, the performance of European blue chips has improved to +26,0%. If the data were confirmed on 31 December next, 2019 would prove to be the best year of the third millennium. To find a larger gain you have to go back to 1999.
In Piazza Affari (+0,84% to 23.524 points) the goal of +30% since the beginning of the year is now in sight. For the moment it is the best performance of Euroland.
Frankfurt +0,92%; Paris +1,23%, falls back in the final after exceeding 6000 points in the session, a level never touched since 2007; Madrid +1,2%.
The London rally continues, +2,23% after the landslide victory of the Conservatives in the elections
THE BUND RISES TO -0,27%, SPREAD TO 147 POINTS
Bond sales have started. The yield on the 0,27-year German Bund rises to -0,30% from -1,195%, that of the 3-year BTP rises to 147%, +146 basis points. The spread stands at XNUMX points against XNUMX on Friday.
ONLY THREE BLUE CHIPS IN RED
Only three blue chips closed down out of the 40 that make up the FtseMib. The black jersey goes to Buzzi (-1,8%), the worst blue chip. Barclays cut the recommendation from Overweight to Underweight.
Moncler (-1,6%) and Stm (-0,2%) were also in the red on the day of the distribution of the quarterly dividend.
NEXI AND JUVENTUS LEAD
At the head of the list is Nexi (+3,32%), driven by the expectation of the merger with Sia to create a champion of electronic payments. The Juventus stock is also in great shape (+2,71%) sustained, on the eve of the closing of the capital increase, by Champions League round of XNUMX draw in which he will meet Lyon.
UNICREDIT AND UBI SELL BAD LOANS
Positive banks with money on the whole sector. Unicredit leads the race (+1,8%) afterwards the sale of 154 million non-performing loans. Ubi Banca completed the sale to the independent securitization vehicle Iseo Spv of a portfolio of non-performing loans whose gross nominal value amounts to €857,6m.
Asset management stocks contrasted, slowing down in the afternoon. The bull run has rewarded both defensive stocks such as Snam (+2%) and Terna (+1,7%) and industrialists, starting with Fiat Chrysler, +1,08% on the eve of the signing of the agreement with Peugeot : the meeting of the supervisory board of the French company is scheduled today, which will examine the binding framework agreement of the integration.
US LICENSE FOR DIASORIN, BEAR IN THE STAR
Of note is Diasorin (+1,47%) which received certification from the American Food and Drug Administration (Fda) for the marketing of the Simplexa VZV Direct molecular test.
Borsa Italiana has ordered the admission to listing on the MTA, Star segment, of Orsero shares, a fresh fruit and vegetable company now listed on the AIM.
