After the Fed effect, profit-taking started on the Stock Exchanges which were also affected by the technical deadlines of the day of the "three witches" (the closure of futures and options contracts). Trading volumes and price volatility are increasing these days. The Ftse Mib drops 1,31% with Telecom Italia -2,81% losing more than the market after the statements by Prime Minister Matteo Renzi which seems to immediately close the doors to the possible entry of Cdp into Telecom Italia.
“I'm not answering about listed companies and open markets: I'm just saying that in the past the Government has chosen the path of privatisation, a choice has been made; I will not open my mouth on the assessments of Telecom and Cdp shareholders and I will not make any comments”, said the premier in response to a question on the possible intervention of Cdp in Telecom to defend its strategic role in the face of the growing French presence in the capital.
Furthermore, Xavier Niel made his voice heard from Paris, interviewed for "La Stampa" by Leonardo Martinelli, Xavier Niel: the company, he says, could become a consolidator in Europe. Niel defines himself as an industrial investor interested in intervening in the management, who does not act on behalf of anyone and therefore not even of Orange. Paris loses 1,12%, Frankfurt 1,21% and London 0,76%. Madrid -1,63%, on the eve of Sunday's vote.
In the morning, Tokyo closed down 1,9% after investors judged the ETF purchase plan announced by the Bank of Japan too modest, which in any case substantially confirmed the current stimulus plan by expanding the type of asset. In particular, the institute will allocate 300 billion yen to the purchase of ETFs on the shares of companies committed to increasing investments.
The mood of Ukraine is aggravated: the country has anticipated that it does not intend to honor the three billion debt owed to Russia which must be paid by Sunday 20 December. Even on Wall Street the indices continue in negative territory. The Dow Jones lost 1,22% and the S&P 500 0,8%, where all ten sectors of the index fell, especially energy, transport and consumer goods. The Nasdaq yields 0,59% falling below 5 thousand points.
On the macroeconomic front, the services PMI measured by Markit fell in December to 53,7 points from 56,1 in November, below the expectations of analysts who expected an unchanged figure. It is also the worst performance in 12 months. The US House passed the $1.150 trillion budget bill. Now the ball passes to the Senate which should approve the provision without any problems, and then end up on Barack Obama's desk. WTI oil rebounded by 1% to 35,30 dollars a barrel. The euro-dollar exchange rate rose by 0,19% to 1,0847.
In Piazza Affari on the Ftse MIb, sales hit Mediaset -2,98%, Moncler -2,95%, Ferragamo -2,4%, Cnh -2,34% and Prysmian -2,32%. Unicredit -1,83%. According to CEO Federico Ghizzoni, the Bank does not need a capital increase because it is able to generate enough to achieve the objectives of the three-year plan and has already made provisions equal to 12 cents per share for the possible distribution of the dividend compared to 2015. Parmalat -0,17%. The Amber Capital fund, according to what emerges from Consob documents, has returned above 2% of Parmalat's capital.
Anima +1,3%, Yoox +1,18%, Saipem +1,01% went against the trend after the announcement of a collaboration with the Norwegian Aker Solutions for the development of submarine projects around the world. Outside the Ftse Mib Maire Tecnimont rose by 3,03% after a maxi order in Oman worth 895 million dollars. After the Fed effect, profits were taken on the Stock Exchanges which were also affected by the technical deadlines of the day of the "three witches" ” (the closing of futures and options contracts). Trading volumes and price volatility are increasing these days.
