THE WEAK EURO GIVES WINGS TO THE EU EXCHANGES. FINMECCANICA AND CNH TAKE FLIGHT
Piazza Affari closed sharply higher, regaining part of the ground lost yesterday due to fears related to geopolitical tensions. In closing, the Ftse Mib index gained 1,87% against the 1,44% of the European benchmark FTSEurofirst 300. Paris (+1,51%), Frankfurt (+2,15%) and London also performed well (+0,96%).
Advances on the modalities of the forthcoming decisions of the ECB in favor of the expansion of QE played in favor of the markets of the Old Continent: the euro slipped to 1,057, to its lowest level in the last seven months. The bond market is also up. At the auction, the Ctz fell to -0,95% on the back of expectations on the ECB's moves. Rates below zero are also expected for tomorrow's 6-month Bot auction. The 1,434-year bond slips to a yield of 2%. In the USA The yield on the T-Bond rises to a 0,94-year high at XNUMX%.
On the eve of Thanksgiving Wall Street is slightly up: the S&P500 index increases by 0,2%, Dow Jones +0,1%, Nasdaq +0,3%. All US markets will be closed tomorrow, Friday they are only open half a day. Oil loses almost everything it gained yesterday. Benchmark crude is down 1,7% to $42.
Takes flight to Milan Cnh Industrial +5,41% thanks to the results of the US competitor John Deere +3,6% after the accounts for the quarter. Fiat Chrysler scores +0,9%. Also prominently featured Finmeccanica up 4,19% after Prime Minister Matteo Renzi announced 1 billion in investments in security. Thanks to today's jump, the stock has overtaken Nokia to become the third best stock in the Eurofirst index since the beginning of 2015 with a gain of 79%.
Among the banks, Understanding closed up 2,3%, Mount Paschi + 1,3% Unicredit + 2,2%. Generali rises by 1,4%. Positive asset management companies, favored directly, through the system of calculating commissions from stock market increases: Azimuth, which announced this morning that it had made another small acquisition in Australia, climbed 3,9%. Soul Holding + 4,5% Mediolanum + 2,2%.
It also advances Enel +1,9%. This morning the company set the value of the exchange for the merger of the subsidiaries Endesa Américas and Chilectra Américas into Enersis Americas. In the meantime, the drop in interest rates helps Snam + 1%. Telecom Italy closes up 1,7%: the board of directors is in progress. Luxury on the rise: Luxottica + 1,7% Ferragamo + 0,8%.
