DRAG CHARGE TO INDUSTRY AND BTPs. THE CAR IS GROWING BY DOUBLE FIGURES. STM AND CNH SUPER
The European Stock Exchanges take flight, "orphaned" by Wall Street, closed for the Thanksgiving holiday. Supporting the bull run is expectations for the monetary stimulus that the ECB promised at its next board meeting on Thursday. The Milan Stock Exchange rises by 1,04%, Paris rises by 1,08% as does Madrid, Frankfurt +1,35%. London advances by 0,88%. After falling below 1,060 against the dollar yesterday, the euro is trading at 1,061 today.
In view of the ECB meeting, government bond yields are down, in particular the 10-year BTP is traded at 1,43% with a spread of 96. New historical low at auction for 6-month Treasuries: the Treasury placed 5,5 billion of the six-monthly Bond at a yield of -0,112%, down by 6 basis points compared to the October auction. Oil down with Brent traded at 45,4 dollars a barrel (-1,5%).
In Milan, the titles of the industry shine. Takes flight stm +5,42% driven by the German Infineon +12,9% after announcing better than expected results, especially as regards operating profit. New strong increase also for Cnh Industrial +5,21% which continues its rally following its American competitor Deere.
Even Fiat Chrysler +2,28% has moved into an extra gear: the automotive sector in this case is driven by the news coming from Volkswagen +4,2%. The Wolfsburg company explained today how it intends to technically solve the problem of "rigged" diesel engines in Europe: the solution seems less expensive than expected. Daimler salt by 3,1%, bmw + 1,5%.
The president of the Centro Studi Promotor, Gian Primo Quagliano, declared that the Italian car market will continue to grow for the next three years. In 2016, registrations are seen at 1.747.000, an increase of 12% compared to the current year. They also advance Brembo +1,21% to a new historical record of 42,90 euros e Sogefi + 2,5%.
The increases of Prysmian +1,73% and by Buzzi +3,33%. Slightly declining Finmeccanica -0,07%. Among the oil companies they are advancing Saipem +2,25% and Tenaris + 2,92%. Eni +0,65%. Financial stocks were positive but with less momentum. Between banks Unicredit + 1% Understanding + 0,5% Mount Paschi + 0,07%.
Generali rises by 0,62%, in asset management it stands out Mediolanum +1,38%. Among the titles of luxury goods Moncler +2,97% and Ferragamo +1,41%. It stands out among the mid caps Mayor Tecnimont +5,5%, which should soon obtain an important new contract in Oman. Mondadori + 3,4% Astaldi + 1,38%.
