The European stock exchanges put the turbo in response to the US Senate vote on tax reform. According to Goldman Sachs, the profits of listed companies could rise by 14% in 2018, encouraging a new wave of buybacks. Piazza Affari shines with an increase of more than 1,17% in the Ftse Mib index, behind Frankfurt +1,28%. Paris +1% and Madrid +0,97% also did well. After three sessions of decline, the dollar rose to 1,1853 against the euro.
According to Equita, the main beneficiaries in Piazza Affari of a reduction in the corporate tax rate would be Rest + 2,58% Buzzi Unicem +5% and fca +3%, best European automotive title also for the declarations of the weekend by Sergio Marchionne which, in addition to confirming the Magneti Marelli spin-off, hthe existence of a cooperation with Hyundai already operational in the United States has been revealed: the partnership could be extended to new technologies for hydrogen engines, where Hyundai is the market leader together with Toyota. Also prominently featured Cnh Industrial +1,3% and stm +2,4%. In the chip sector, on the Frankfurt Stock Exchange, Dialog Semiconductor it plunged 19,69% to a 17-month low after its main customer Apple said it could make all the battery management chips in-house. The contestant ams on the contrary, it is among the best stocks today with a +5,5% after Barclays raised the stock recommendation to overweight.
Returning to Piazza Affari, among the stocks most exposed to the American economy, they are also advancing Luxottica +1,86% and Tenaris +0,7%. Crude prices are down after data on the growth of US shale oil drilling, but prices are still close to the highs since mid-2015. Brent trades at 63,35 dollars, down 38 cents, while US WTI loses 51 cents to 57,85 dollars. Eni + 0,29%.
The positive trend was not affected by the drop in November of the Sentix index which measures the confidence of Europeans, which nonetheless remains close to the highs. The bond market was weak at the start, but the BTP held up better than the Bund.
In red Prysmian -1,93% after the announcement of launch of a 2,9 billion dollar takeover bid, for General Cable, at a price of 30 dollars per share, a premium of 81% compared to the value of July 14, the day before the announcement of the sale of the American company.
Transatlantic operation also for Falck Renewables -0,6%, which completed the purchase of 99% of the 92-MW/71 MWac IS-42 photovoltaic project in North Carolina.
It is worth noting the increase of Telecom Italy +0,86%. The Board convened for tomorrow should discuss the options for the fixed network, including the possible separation.
The banks considered to be the main beneficiaries of the US tax cuts are up. They record increases of around 2% Hsbc, BNP Paribas e Santander. Furthermore, by Thursday, an agreement could be reached between the central banks for the completion of Basel 3. Meanwhile, the Supervision of the European Central Bank seems oriented to prescribe the achievement of a ceiling of 10% of non-performing loans on total loans by 2020, a threshold within the reach of the main Italian credit institutions.
Avanza Unicredit+ 1,3 % while the meeting is in progress, Intesa Sanpaolo +1,7%. Salt too Where's Banca + 1,77%.
Among the medium caps, the rise in the Juventus share stands out +10,2% after the success in Naples.
Continue the ups and downs of Astaldi +4,5%: Advance Mayor +4,3% on the day of the conference organized to celebrate the tenth anniversary of the listing.
Among the small caps in evidence Safe bag, up 6,4%, won the tender for the supply of its integrated offer of services for travelers at the “Jorge Chavèz” International Airport of Lima.
