European stock exchanges on the rise with Piazza Affari pulling the sprint. The continental stock markets managed to put the difficulties that characterized the last few sessions behind them, also encouraged by the recovery of Wall Street which, after Monday's collapse, is raising its head despite the prevailing volatility. The indications also facilitate purchases released by the European Commission, which revised upwards the estimates of economic growth, emphasizing however that inflation remains at low levels. A reality that for investors represents a clear message: the ECB's expansionary monetary policy remains confirmed for the foreseeable future.
Il Ftse Eb scores the best performance in Europe, closing up 2,86% to 22.986 points thanks to the sprint of the banks and above all of FCA and Telecom Italia. Also up sharply Frankfurt (+1,81%) celebrating the government agreement of the Grosse Koalition between the socialists of the SPD, Martin Schulz's party, and the Christian Democrats of Chancellor Angela Merkel reached after months of difficult negotiations. London also rose sharply (+2,22%), Paris (+ 1,88%) and Madrid (+ 1,75%).
Overseas Wall Street, weak at the start, turns positive again trying to bring home the second consecutive session of gains after the sharp declines recorded previously due to concerns about inflation which could lead the Federal Reserve to raise rates faster than expected. Halfway through the session Dow Jones earns 0,93%, lo S & P500 0,77%, the Nasdaq 0,34%. The eyes of US investors today are also focused on other important appointments: tonight, with the markets closed, Tesla and 21st Century Fox will close the quarterly season, while anticipation is growing for the speeches of some Fed members (the governor of San Francisco , John Williams, that of Chicago, Charles Evans), scheduled for today, from which important indications on monetary policy could come.
Returning to Europe, the absolute star of today is the Milan Stock Exchange which expands the gains in the finale and consolidates the first position in the standings in the performance since the beginning of the year. Despite the losses of the last week, the Ftse Mib continues to firmly occupy the first step of the podium with an increase (from January to today) of more than 4,5%.
Corre FCA, best blue chip of the day with an increase of 6,77%, which is back above 18 euros after Suzuki's number one, speaking of a possible expansion of the partnership with Toyota, said he was keeping an open door to everyone, "even FCA". Remaining in the Agnelli galaxy, uphill too Exor (+ 5,8%), Cnh (+ 2,7%) and Classic Ferrari for sale (+ 1,69%).
There is also the rise of the Milanese price list Telecom Italy which rises from 5,97% driven by statements released by its CEO Amos Genish at the end of the meeting with the Minister of Economic Development Carlo Calenda. The market now believes in the unbundling of the network, a project that has also received the support of the number one of the Mise and which will be brought to scrutiny by the board of directors on 6 March next.
In great dust the banking sector led by Bpm bank (+ 5,09%), who will present the accounts when the Stock Exchange is closed, and from Intesa Sanpaolo (+3,41%), which celebrates the positive judgments of analysts after the presentation of the new business plan and the accounts illustrated yesterday by Carlo Messina and which openly aims to become the first bank in Europe. salt Unicredit (+2,76%) which is preparing to present its accounts.
At the end of the list Campari (-0,16%), the only title with a minus sign in front. Energy and utilities are also well tuned, Eni (+1,64%) ed Enel (+2,20%) with the Petroleum which after the sharp rises at the beginning of the session reversed course on data on US inventories: -0,55% to 66,49 dollars for Brent, -1,33% to 62,55 for Wti.
The change euro/dollar back below 1,24 dollars, settling at 1,2308, down also the which drops to 1322 dollars an ounce. On the secondary it spread between Btp and Bund it drops to 121 basis points with a yield of 1,94%.
