The financial week is off to a gallop on the European stock exchanges supported by the liquidity effect triggered by the Qe. The Frankfurt Stock Exchange arrived first at the finish line, for the first time over 12. Since the beginning of 2015, the Dax index has risen by 24%.
This is followed by Piazza Affari +0,96% to 22.931, after exceeding the bar of 23 points during the day. Since January 21, the increase is 0,7%. Paris also rises +0,8%. Madrid +XNUMX%, despite the default of the Banco de Madrid. On Wall Street, the three main indices are up by about one percentage point.
The spread is little moved at 88 basis points. The launch of a new 15-year BTP is scheduled for tomorrow. According to initial estimates, the yield should settle around 1,64%. The euro-dollar cross rebounds to 1,06 from 1,0496 this morning.
Throughout Europe, the Automotive sector is in pole position: the Stoxx index is up by 2,3%. Increase of more than 2 points also for Pharmaceuticals, Insurance +1,8%. In Milan the race continues Fiat Chrysler +1,3%, for the first time since 1998 over 16 euros.
In Piazza Affari, among the industrial stocks, they stand out Finmeccanica +0,3% and StM +3,5%. It runs between the banks Pop.Milan +3%. Well too Unicredit + 2,1% Understanding + 2,6% Ubi + 1,4%. Mount Paschi loses 1,7%.
Telecom Italy advances by 1,1%. He runs Atlantia +3,2% after the announcement of the Jubilee in 2016 which will lead to an increase in traffic both in Rome's airports and on the Italian motorway network. Blessed too Rest + 4%.
Luxury stocks rise: Ferragamo + 3,5% Moncler + 2,8% Luxottica +1,4%. It falls down Yoox -2,2%. They are positive, finally, both Enel +0,9% that Terna +0,2%. Oil slips below 45 dollars. The descent continues Eni -2,2%, after the dividend cut. Saipem loses 4,2%.
