With the Syrian issue set aside, just for now, global finance is celebrating a positive day. There Milan Stock Exchange closed up with the FtseMib index, which rose by 0,97%, to 16905. The other European Stock Exchanges were also positive: Paris advanced by 0,65%, Frankfurt +0,45%. London gains 0,82% thanks to the Verizon-Vodafone operation.
Salt too Wall Street, despite the tapering already becoming more likely in September, given the economic data: Dow Jones +0,53, S&P +0,66%, Nasdaq +1,15%. It gallops indeed the US economy which, thanks to the increase in exports, recorded a faster increase than expected in the second quarter. GDP grew at an annual rate of 2,5% against previous estimates of 1,7%. The reaction on currencies and government bonds was immediate. The dollar rose to 1,322 against the euro, from 1,334 at the previous close. The 2,82-year t-bond widened losses to yield 2,78% before falling to XNUMX%.
After two days of upside, fold back the Petroleum: Brent at 116 dollars a barrel (-0,4%). Gold also fell to 1.408 dollars an ounce (-0,6%).
Improve, in Italy, business confidence. and fromBtp auction at 5 and 10 years there is good news, both on yields and on overall demand. In the evening, the 10-year BTP traded at 4,37%, the spread with the Bund was stable at 251. This morning's BTP auction went very well with the Treasury placing the maximum expected amount at yields stable.
Fly to Milan Mediaset (+4,80%). Also Gtech (+4,69%) benefits from the decisions of Palazzo Chigi: the feared bloodletting on games has not occurred the government has decided to substantially reduce the fines previously imposed on companies that manage video lotteries due to an old dispute.
In Europe, the best sector is that of tlc (Stoxx of the sector +3,4%). Vodafone climbs 8,5% after the news of the agreement in America where Vodafone sells its 45% of Verizon Wireless to partner Verizon Communications for 130 billion dollars. Telecom Italy reduces the gain to 0,71%, after a 3% increase during the day.
Positive the banks: Unicredit +1,40%, Intesa +2,6%, MontePaschi +1,09%. Even better is Ubi, which rises by 3,72%, Banco Popolare +1,27%, Pop.Emilia +2,11%.
among the industrial titles, Fiat +0,60, Pirelli +1,73%, Finmeccanica -0,66%, StM +0,64%, despite Citigroup lowering the target price on the share from 7,2 euro to 6,2 euro. Luxury starts again in a big way: Brunello Cucinelli is up 6,02% after very positive results, Ferragamo +5,53% and Yoox +5,47%.
