Rally for the Ftse Mib which rises by 3,41%, best place in Europe, and revises its share of 20 thousand points. The other price lists also rose sharply: Paris +2,21%, London +0,95% and Frankfurt +2,39%. If Eurostat has confirmed that the GDP of the third quarter of the Eurozone is growing slightly (+0,2% in the quarter, with Italy down by 0,1%), the boost to price lists started from Germany where orders industry grew more than forecasts: in October the seasonally adjusted index rose by 2,5% compared to September And it continued with US data on employment which remained stable at 5,8%, the lowest for six years and after having created 321 jobs against the 230 expected by analysts. A figure, therefore, that far exceeded expectations.
Wall Street it thus opened positively with the Dow Jones which reached a new record in the intraday and at the end of Europe it was on the rise (Dow Jones +0,5%, Nasdaq +0,34%, S&P500 +0,23%), despite the subsequent data in the afternoon on the trade deficit that did worse than expected, reaching 43,3 billion in October.
The euro-dollar exchange rate dropped 0,61% and WTI oil continued its downward run to 65,56 dollars a barrel, down 1,87% after Saudi Arabia has decided to apply new discounts to its customers in Asia to defend its market share in the area. The Btp-bund spread fell to 118 points on its lowest since 2010 with a yield of 1,95%, a new all-time low.
The banks are running in Piazza Affari: Intesa +7,05%, Bper +6,05%, Ubi +6,01%, Banco Popolare +5.75%. Wdf +5,68% and FCa +5,18% are also highlighted above 11 euros (which it had not seen since December 2000, in relation to the historical performance of the Fiat share) with the placement of shares up to 100 million and the convertible from 2 billion.
At the bottom of the Ftse Mib, Saipem tumbles -6,24% which it will also evaluate in the board next Wednesday the South Stream case, after the official communication of the suspension of works on the gas pipeline received yesterday from the San Donato Milanese group. Luxury down with Moncler -1,52% and Tod's -1,07%. Enel Green Power also suffers. Kepler Cheuvreux cut the target price to 2,2 euros from the previous 2,6 euros following the revision of the electricity price trend in Italy in 2015.
