EXCHANGES AND GOLD RISE, THE DOLLAR HOLDS DOWN
PIRELLI SCREAMS, FIAT RUNS AT FULL THROTTLE
They go up Bags, holds back the dollar. And the gold shines again.
This is the market's reaction to the numbers coming from the USA.
La Milan Stock Exchange marks a large rise, the FtseMib index rises by 0,57% to 19.371 points: we are at the levels of July 2011.
Il BTP it strengthens and the yield drops by 7 basis points to 4,11%, the lowest since the beginning of June. The spread drops by only 2 basis points because the Bund also strengthens, the German ten-year yield falls by 4 basis points to 1,79%.
London is up 0,62%, Paris of 0,43%, Frankfurt by 0,9% and Zurich by 1,12%. Madrid struggles -0,19%.
The US stock market is up with the Dow Jones (+0,5%) and with the S&P500 (+0,4%), the Nasdaq, on the other hand, is on parity. The dollar weakens, with the dollar index losing 0,28% and reaching its lowest level since February. The euro rose to 1,378, from 1,368 at yesterday's close.
Expectations of a continuation of the injection of liquidity into the market by the Federal Reserve weakens the dollar and leads to a strengthening of gold, the future rises by 1% to 1.329 dollars an ounce.
It also goes down Wti oil at 99 dollars a barrel, the slight increase for Brent to 110,1 dollars (+0,5%)
It went worse, actually better than expected. In September the American economy it created only 148 new jobs against the 180 expected for September. The unemployment rate drops from 7,3 to 7,2% only thanks to the lower number of registered candidates. The slowdown further distances the prospect of a change of pace in the Federal Reserve's economic support policy through the bond purchase plan.
The Ingot awakens: Fiat +2,99%, Cnh Industrial +1,77%. The market is once again betting on the imminent wedding with Chrysler, given the precarious situation of the accounts of the Uaw, the Detroit auto union.
Pirelli it is up by 4,61% after the start of the procedure for the dissolution of the shareholders' agreement which will make the tire company contestable.
The upward derby at Benetton continues: World Duty Free flies +8% born from the split from Autogrill +1.25% in competition to keep a place in the main basket. Atlantia also rises +0,92%.
Other Industry Titles Highlights: Ansaldo Sts +2,02% and Prysmian +1,95%.
In the energy sector, Eni rises by 1,02%, Enel loses 0,56% and Enel Green Power gains 2%.
Standard and Poor's it noted a decrease in the need for funding for the main institutions of the Old Continent and Italian banks show adequate liquidity.
In the segment of finance, banking and insurance, the best are Generali +1,35%, Intesa +1% and Monte Paschi +1,31%.
Secondo the report "Indices and data" 2013 elaborated by the Mediobanca research office, from January 1996 to 16 October 2013, the overall return of mid-cap companies was 8,4% on average per year, over 8,2% of savings shares. The blue chips remain behind, with an average yield of 5,6% and even more the small caps, under 5%.
