One hour from the end of negotiations, Business Square it regained share, thus managing to close in positive territory +0,19%. Closing on the upside, albeit with fractional gains, also for the other European stock exchanges: London + 0,15% Paris + 0,74% Frankfurt + 0,35% Madrid + 0,16%.
The day, lived for the most part in the red by the European price lists, was conditioned by the end of Qe announced yesterday by the Fed, but also from the words of the president of the European Banking Authority, the Italian Andrea Enria, who noted that even the credit institutions promoted by the ECB stress test should not feel safe. Sales are thus triggered on the banking sector. In this context, there was yet another collapse for Mps and Banca Carige, the two institutes rejected by the ECB.
Lo Btp-bund spread it closed at 163 basis points. Despite the tensions, a positive outcome for the Treasury's 5 and 10-year Btp auction which sold all the bonds for 5,25 billion euro. In detail, 2,5 billion euro of five-year BTPs were placed with rates slightly up to 1,23% from the previous 1,06% and 2,75 billion ten-year BTPs with stable yields at 2,44% ( 2,45% previous).
The reversal in market sentiment came in the afternoon on the heels of Wall Street and US GDP data better result than expected. Overseas stock markets opened slightly lower and then accelerated as Europe closed: the Dow Jones rose by 0,89%, the S&P500 by 0,34%. The Nasdaq remains behind, rising just above parity. Among the securities, in evidence Visa and Mastercard.
According to the first reading released today, the US GDP is growing rapidly also in the third quarter of 2014, showing an increase of 3,5%. The figure is decidedly better than the expectations which indicated a 3% increase, and compares with the revision to +4,6% of the previous quarter. A fact which, however, at the same time does not leave the markets calm, fearing an increase in interest rates sooner than expected. Weekly jobless claims rose more than estimates but remain near a 14-year low.
Waiting for tomorrow's data on European inflation, the data on was released today price dynamics in Germany which indicated a monthly reduction in October and a slowdown on an annual basis (+0,8%), below forecasts. In November, the ECB intends to start the ABS purchase program and in the meantime has proceeded with the choice of the four asset management managers who will be physically responsible for the purchases: the four intermediaries appointed, after a competitive auction procedure, are Amundi and Amundi Intermediation, Deutsche Asset and Wealth Management International, Ing Investment Management and State Street Global Advisors.
The change euro dollar down 0,13% to 1,2616. WTI oil drops 1,24% to 81,18 dollars a barrel and gold loses ground with a drop of 2% to below 1200 dollars an ounce.
In Piazza Affari he leads the declines once again Ps which closed down 7,05% after falling 17% and being suspended on the downside. Since the ECB test, the Sienese bank's stock has lost about a third of its value and is now capitalized at 3,4 billion. A performance that makes a possible capital increase of 1-2 billion even more difficult. Second worst title on the Ftse Mib il Popular bank, to -2,25%.
However, there were several suspensions due to excessive reductions which also affected the other banks, including Ubi. Carige closed at -10,67%. Among the worst blue chip stocks too Yoox (-2,12%) And Saipem (-1,82%). Among the best of the Ftse Mib Exor (+ 5,13%), Luxottica (+ 2,61%) and Unipolsai (+ 1,96%).
