NEW YORK CLOSES, THE SPREAD FALLS TO 374. RESURRECTION FOR UNIPOL, FONSAI AND MEDIASET
Day of convincing rises on European markets, orphaned by Wall Street closed for Thanksgiving Day. In Piazza Affari, the FtseMib i index marks a rise of 1,03% to 15.553. London gains 0,68%, Paris +0,6%, Frankfurt +0,84%. The result, lower than the expectations of the European consumer confidence index, did not weigh.
On the theme of the European financial crisis, the hypothesis is advanced that Greece could reduce the stock of debt through a buyback financed by its European partners. The Eurogroup will meet again on Monday to decide on the disbursement of the new tranche of aid.
Meanwhile, the BTP is improving with the spread down by 6 basis points to 334. The yield is 4,78%. On the stock markets, all the sector indices are positive and in particular commodity stocks (Stoxx +1,6%) and banking stocks (+0,8%).
It was the day of Buzzi +4,71%, promoted by Ubs and Bernstein. It moves in the opposite direction Italcementi which drops by 2,4%. Celebrate Fiat Industrial+1,49% after the subsidiary CNH approved the merger proposal. Fiat it advances by 1,48%. Pirelli +0,4%. The banks are positive: Unicredit salt of 1,73%, Understanding + 0,8% Mount Paschi + 1% Banco Popolare + 2,41%. Mediobanca salt by 0,4%.
In the insurance sector, Generali advances by 0,71%. It affects the resurrection of Unipol +4% together with the leap of Fondiaria Sai need Milan Insurance rising by 5% and 4% respectively. Eni 0,62% salt, Tenaris +1,46% preceded by Saipem+1,85%.
Finally Telecom Italy +1,3% awaiting the outcome of the discussion with the top management of the company. And sharp rise of Mediaset +3,8%. Among the mid caps, the recovery of Trevi +6%, while Piaggio advances by 3,8%.
On Thanksgiving Day the New York judge gives Argentina a blow. The federal court in New York, presided over by Judge Thomas Griesa, has ordered the country to compensate 1,3 billion dollars to hedge funds that had not joined the debt restructuring after the 2001 default. Argentina therefore now risks not fail to pay the $3,14 billion it was scheduled to pay for bonds and interest due Dec. 15 unless it succeeds on appeal. After the news, the stock market fell sharply, dropping 2,9%.
