WALL STREET LEADS THE BULL ON VOTING DAY. FIAT RECOVERS, UNICREDIT AND BANCA GENERALI SPOTLIGHT
European Stock Exchanges follow Wall Street's lead and close higher. In Milan, the FtseMib index rose by 0,9% to 15683, slightly better than Paris +0,87%, London +0,79% and Frankfurt +0,7%. On the other side of the Atlantic Ocean the situation is as follows: Dow Jones index +0,97%, S&P500 index +0,46% and Nasdaq index +0,41%.
The BTP is recovering on the European government bond market, the spread with the Bund drops by seven basis points to 347. WTI-type oil rises by 0,6% to 86,2 dollars a barrel.
Today, US voters are deciding whether to give Barack Obama another 4 years in the White House or replace him with challenger Mitt Romney. The next president, who will take office in 2013, will have to face the so-called "fiscal cliff", the combination of a tax increase and a 600 billion dollar cut in government spending, a series of measures that will be triggered automatically if at the Congress will not be reached a compromise between the parties.
This is the picture of the markets while America goes to the polls. A few hours after the conclusion of the vote, the polls attribute a modest advantage to Barack Obama, but the outcome of some key states such as Florida and Ohio will be decisive in determining the name of the new president of the United States.
Note, on Wall Street, the performance of Intel , one percentage point down: Apple Lossless Audio CODEC (ALAC), is exploring ways to replace its Mac processors with the same version of chips used in iPhones and iPads. The British Arm Holdings +2,5% is among the possible candidates.
Significant collapse of Zillow -17%. The company that runs a site based on the exchange of information between people who are buying or selling a home has warned that fourth-quarter revenues will be between $30 million and $31 million, more than $10 million more than in the same period than the previous year, but about a million and a half dollars less than analysts' expectations.
In Europe, shares in the pharmaceutical industry (Stoxx +1,4%) and insurance companies (EuroStoxx +1,1%) rose. The weakest segment is that of utilities: EuroStoxx index -0,8%. In Piazza Affari brilliant Fiat +2,96% . The auto sector, on the other hand, is weak, weighed down by the decline in Volkswagen, down 3,7%. The banks are positive: Unicredit + 1,95% Understanding + 1,29% Banco Popular +2,39% and MontePaschi + 1,94%. Eni advances 1,31%, Telecom Italy +0,22%. Among small and medium-sized companies, we note the increase of Indesit +5,1% and by Banking Generali +2,1% after the data for the quarter.
