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The Stock Exchange bets on Trump: banks and insurance companies go up

All European price lists are positive in the middle of the day – Industrials and luxury also do well in Piazza Affari (except Safilo) – The one-year Bot auction does well, but sales on long-term government bonds continue – Dollar low moved, gold and oil go up.

The Stock Exchange bets on Trump: banks and insurance companies go up

God bless Donald! It is the unexpected paean that resounds in the operations rooms of finance at all latitudes. The European stock exchanges remain strong at the end of the morning, the index in Milan FtseMib it rises by 1,45%, exceeding the bar of 17 points (17.045). The Eurostoxx index rises by 1,2%. It advances by a generous 1% too Paris. Slightly lower than the progress of Frankfurt, London e Madrid. Futures on the Wall Street Stock Exchange anticipate a start up 0,7%.

The Treasury successfully placed 6 billion euros of annual bots, expiring in November 2017, at a gross annual yield of -0,217%, up by 2 basis points compared to the previous auction, but still below zero. Good demand, equal to 10,5 billion. The Btp/Bund spread remains at 155,4 basis points, with the yield on the Italian 1,80-year bond at XNUMX%. 

Sales continue on government bonds long-term. The yield on the ten-year Bund rises to 0,27%, a new high since May, that of the BTP rises to 1,82%, the highest since November 2015, but there was also a strong sell-off overseas: the US Treasury rose to 2,03%, highest level since January. 

Il dollar it is little moved compared to yesterday evening at 1,093 against the euro, yesterday morning it was at 1,13. The Brent gains 0,8% to $46,8, thegold it rises by 0,9% to 1.290 dollars. Saipem (+0,3%) consolidates yesterday's +6% after being awarded new orders in the offshore E&C segment for a total value of approximately 1 billion dollars in Saudi Arabia. Tenaris + 2,3%. 

Among the sectors, they are in evidence banks (+ 3,5%) and Insurance (+3%). They earn Unicredit (+5,5% on QXNUMX results day), Understanding (+ 4%) and Popular Bank (+ 5%). Generali +2,3% later third quarter results slightly below analysts' expectations. Unipol + 3,4%.

Good industrialists. Leonardo +1,5%: JP Morgan raises its target price to 12 euros from 11,5 euros, confirmed as Neutral. Fiat Chrysler salt by 5,5%, Buzzi +2,7% and StM +0,9%.

It starts again Yoox: +5,1% after the announcement of the results for the third quarter, which closed with an organic growth in revenues, at constant exchange rates and perimeter, of 19% to 435 million euros. In the luxury segment, the sharp drop in sapphire (-5%) after Kepler Cheuvreux cut the judgment to Reduce da Hold. salt Geox (+7%): Kepler Cheuvreux itself raised its rating to Buy from Hold. 

Mediaset +1,7%: UBS cuts its target price to 3,35 euros from 4,35 euros and confirms the Buy judgment. 

Telecom Italy +1,1%: Vivendi intends to remain as a shareholder in a long-term perspective, said the CEO of the French group Arnaus de Puyfontaine.

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