The European stock exchanges respond with a choral rise to the declaration of war on Isis in Paris. TO Milano, the Ftse Mib index gained 1,7% at the end of the morning.
It does better Paris, which rises by 2,02%. Frankfurt + 1,68% Madrid + 1,66% London +1,77%. Well too Athens (+3,2%) latersettlement with creditors.
Lo BTP/Bund spread it remains little moved, at 103 points, while the euro, which this morning broke the threshold of 1,0650 dollars downwards and went as far as a minimum of 1,0643 dollars, is now recovering its level to 1,06634.
The growth of theZew index on German confidence a marked improvement, beyond the most optimistic forecasts: 10,4 points against 1,9 in October.
"Germany's economic prospects are brightening towards the end of the year and economic pessimism has not increased following the Paris attacks", reads the note from the research institute.
ECB member Peter Praet confirmed the intentions of the ECB: "There are risks and that is why we are considering further monetary policy actions."
The negative note for Italy comes from Brussels: the Commission postponed to spring the vote on the Renzi government's draft budget. The vice president of the EU Commission, Valdis Dombrovskis, said: “For now it is not possible to grant flexibility or to say that Italy is in compliance with the stability pact. We'll see in the spring."
Il Brent climbed 0,2% to $44,64, but the wtf drops to 41,47 dollars a barrel (-0,7%). Oil companies rise in Milan: Eni + 2,4% Saipem + 1,3% Tenaris + 2%.
Fiat Chrysler was up 1,8% on the day of the release of data on car registrations in Europe. In a market that overall rose 2,7% in October, FCA brands rose 7,7%. The market was only up 2,8%.
Finmeccanica rises by 2,7%, in line with the European defense companies. In Paris Thales earns 2,3%. StM + 2%.
Slowed growth for Telecom Italy (+0,5%). Exane BNP Paribas cuts its rating to Neutral from Outperform, target price down to 1,20 euro from 1,30 euro.
Rebounds after sharp declines Mediaset (+2,2%). JP Morgan lowers the target price to 4,2 euros. Since the release of quarterly data, the stock has lost 15%.
Limited hikes for banks: Understanding + 0,7% Where's Banca + 0,5% Unicredit + 0,6%.
Insurance companies are better: Generali + 1,8% Catholic + 1,5%.
Breath of fresh air also for luxury: Yoox Net à Porter + 1,8% Ferragamo + 2,9%.
