The prospect of a possible trust al Letta government it's good for Business Square which in the afternoon kicks into gear to close with a rise of 3,11% and the spread closed sharply down at 260 points from 279 at the opening. The other European markets are also up sharply with the exception of London which closes on parity. Madrid +1,69%, Paris +1,28%, Frankfurt +1,1%.
Meanwhile, the political tussle also paralyzes the United States: with the government shutdown at risk also the flow of statistical data on the economy. The Bureau of Labor Statistics, the federal agency that collects data on employment in the USA, has announced that if the government shutdown does not end in due time, the report on the situation on the labor market will not be released on the scheduled date, i.e. Friday October 4th. The shutdown causes unnecessary federal services to stop temporarily, resulting in forced furloughs of employees. Instead, it appears that the weekly unemployment benefits report will be released regularly because the agency that prepares it is funded separately. The White House website has also been closed: “Since Congress has failed to approve a law that finances the government – we read – the information on this website may not be updated. Some interactions with the public may be impossible, and we may not be able to respond to every request."
Meanwhile, today it was released the ISM manufacturing index rose in September to 56,2 points from 55,7 in August, which did better than analysts' expectations. Wall Street does not seem to take drastic measures for now: the indices started in positive territory and at the end of the Euroa the Dow Jones rose by 0,32% and the Nasdaq by 0,82%. The euro-dollar exchange rate is 1,3517 euros. Oil at 101,4 dollars a barrel (-0,9%).
A Business Square banks are up: Ubi +6,3%, Intesa +5,7% among the best stocks of the Ftse Mib. But Wdf +9,7% and Autogrill +7,75% stand out on the main basket on the day of the stock market debut of Autogrill's duty free sector spin-off. Finmeccanica also did well, +6,15% after Banca Imi's buy promotion with a target price of 6 euros.
Telecommunications +5,1% after the buy of Goldman Sachs and target price of 0,76 euro. Fiat +4,41%. Today the group released US data. Chrysler sales in the USA increased by 1% in September while Fiat decreased sales by 24% compared to September 2012. "Despite the decline recorded by the market in the month of September - says Reid Bigland, sales manager for the USA - Chrysler Group has managed to obtain the forty-second consecutive month of growth.”
Rcs +3,14%. According to rumors, the meeting of the syndicate agreement, scheduled for next Monday, has been postponed by a week due to the absence of two shareholders who, due to commitments abroad, are unable to participate in the meeting In London, meanwhile, the investors who attended in the Star Conference have doubled (+102%) compared to 2012, while requests for meetings have increased by 83%.
