German confidence and the Draghi effect support Piazza Affari as it dribbles the recession

The Zew index on German confidence goes beyond expectations and supports, together with the Draghi effect, the European stock exchanges – Despite the confirmation of the Italian GDP in the red, Piazza Affari gains 0,7% – Yoox, Tods and Moncler shine but Luxottica slips – Purchases on Bpm, sales on Mps – Production and US Stock Exchanges Ok.

GERMAN CONFIDENCE ALSO REVIVES MILAN. WELL (BUT NOT ALL) BANKS AND LUXURY, FCA SPEEDS UP

European lists are still advancing, stimulated by the German confidence index, the Zew, better than expected and the propellant provided by the words of Mario Draghi. Markets' attention is now shifting to the Fed's minutes which will be released tomorrow evening. In Piazza Affari, the Ftse Mib index rose by 0,71% to 19.353.

Stable situation on the government bond market with the yield on the 10-year BTP slightly up to 2,32% (from 2,30%), spread at 152%. The leap of the German Dax +1,61% was much more vigorous and the Spanish Ibex +1,20%. Paris +0,86%, London +0,5%. In Europe, the best stocks are "cyclical": chemical companies (Stoxx in the sector +1,5%), construction (+1,1%) and the automotive sector (+1,5%).

At the close of the Stock Exchange, Brent was traded at 78,6 dollars a barrel, down 0,8%, Wti at 74,8 dollars (-1,1%). Eni rose by 0,6%, Jp Morgan cut the target price from 17,4 to 15,9 euros. Saipem + 1,2%.

Another rise overseas for Wall Street: the S&P500 index rises by 0,3% to 2.048 and marks a new historical record. The Dow Jones rose 0,1% and the Nasdaq rose 0,5%. After that in one month, from the recent low of October 15th, the American stock market recorded a rise of 10%.

sunedison gains 24% after a wind buyout. Intel +1,2%: today it presents its new "luxury wearable device", a luxury technological accessory designed for the female market.

At Piazza Affari they go up Unicredit +1,4% ed Understanding +0,6%. In negative ground Mount Paschi -1%. According to the president, Alessandro Profumo, there are currently no potential shareholders for an aggregation with the Tuscan institute. Banco Popolare rose by 1,3%, Banca Pop.Emilia +1,8%. The best is Pop.Milano + 2,6%.

Up, after the release of data on registrations in Europe, Fiat Chrysler + 1,7%. Pirelli +1,1%. Back off Finmeccanica -0,6% after confirmation of Hitachi's offer for Ansaldo Sts +1,13%.

Sharp upside in the luxury of Yoox +4,1%: the founder and managing director, Federico Marchetti, increased his stake to 7,8% from 5,3% of the capital. They also go up Moncler e Tod’s up by 2,3% and 3,7% respectively, but loses Luxottica. Finally, a step forward for the editorials: Mondadori + 16% Rcs + 7% l'Espresso + 8%.