WALL STREET CELEBRATES YELLEN WITH RECORDS
BANKS DOWN IN MILAN. FLY FERRAGAMO
Wall Street starts celebrating the beginning of the Yellen era with records. Six hours after the closing of the markets, the S&P 500 index +0,48% is only 10 points from 1.800, the next resistance. The Dow Jones +0,35% is about to close the sixth consecutive week of increases with a record. The Nasdaq is one step away from the highs of 2000.
With 3,45 billion dollars, the financial Warren BuffettBerkshire Hathaway bought a 0,9% stake in Exxon Mobil.
Limited impact on the eurozone, on which the Brussels report cards weigh. Paris +0,19%, Frankfurt +0,21%. Down in Madrid -0,11%. London is doing better +0,46%. More negative script in Milan. The Ftse Mib index closed at -0,39% at 18687. The 10-year Btp is traded at a yield of 4,09%, with a spread at 239.
Above all, bank stocks contributed to dragging down Piazza Affari: among the banks, Unicredit dropped by 1,25%, Intesa -2,19%, MontePaschi lost 2,58% despite better than expected results. Bpm -2,57% also suffers.
In heavy decline Mediaset -1,85% Mondadori falls by 4,6.
Opposed insurance: Generali drops 1,03%, FonSai rally continues +2,32%. This morning Equita confirmed the buy judgment and raised the target to 1,37 euros. Unipol is down by 2%. Among the financials, the rebound of Mediolanum +2,95% stands out.
The star of the market was without a doubt Salvatore Ferragamo +6,35% driven by excellent accounts, thanks above all to the expansion in China and the recovery of the US market. Michele Norsa added that “October was also very good”.
Bounce Tod's after the slide on the eve, Geox did well +2,2% which communicated the quarterly report today and announced growth targets for the next three years +1% Positive ending for some industrialists, starting with Fiat +2,04 . Ansaldo Sts also rose +2,19%. Finmeccanica +1,55%. The leap of Diasorin +2,75% is also significant. Pirelli fell -2,35%, downgraded from Bank of America to neutral by buy.
