THE USA RUNS, SYRIA FALLS AWAY
MORE SERENE BUSINESS PLACE AFTER THE AUCTIONS
Weak session for the Japanese Stock Exchange after the emotions of recent days. Tokyo fell by 0,3%, under pressure from energy stocks and, above all, the imminence of tax decisions. In balance Hong Kong -0,06%. After the rate hike, the Indonesia Stock Exchange improves. Having set aside the Syria issue, the emerging economies are once again focusing on the moves of the Federal Reserve.
The most relevant data, in fact, comes from the USA: iUS GDP for the second quarter surprised economists by showing growth of 2,5%, against a forecast of +2,2%. But the most important news is linked to the positive reaction of the markets, until yesterday ready to drop at any positive note that could bring tapering closer: Wall Street is getting used to the reality of a recovery that can do without the monetary stimuli of the central bank .
At the end of the session, the indices showed: Dow Jones +0,11, S&P +0,20, Nasdaq +0,75%
In the afternoon, a robust rise of the dollar started, rising to 1,322 against the euro, from 1,334 at the previous close. On the Asian markets, the US currency is traded at 1,3243.
Gold (1409 dollars an ounce) and oil (Wti at 114,34 dollars) fell after the Commons vote against British participation in missions on Syria.
Stock markets also rose in Europe: Paris gained 0,6%, Frankfurt +0,4%. London closed up 0,8% driven by the strong increase in Vodafone, which is engaged in the sale of its stake in the USA to Verizon.
Positive second session for the Milan Stock Exchange, boosted by the Imu agreement, with the FtseMib index ending the day up by 0,9%.
The situation on the government bond market is calm: the 10-year BTP trades at 4,36%, the spread with the Bund is stable at 251. This morning's BTP auction went very well with the Treasury placing the expected maximum amount at virtually stable returns.
VODAFONE EFFECT ON TLCs
In Europe, the greatest increases concerned telecommunications (Stoxx of the sector +3,4%) led by English Vodafone, which rose 8,6% on news of the deal in America in which Vodafone sells its 45% stake in Verizon Wireless to partner Verizon Communications for $130 billion. However, in a press release Vodafone says that "there is no certainty that the agreement will be reached".
TelecomItalia it closed up by 0,7%, after having registered a rise of 3% in the middle of the session.
SGS MAKES EXOR RICH, LUXURY FLYING
In the spotlight today Exor, down -0,70% yesterday due to profit-taking on the stock, close to all-time highs. But in the afternoon balance sheet data were announced: positive consolidated profit of 1,67 billion (thanks to the sale of Sgs), Net Asset Value (NAV) increased by 913 million to 8,533 billion compared to the end of 2012. Consolidated shareholders' equity of 6,192 billion.
Fiat finished up 0,6%
The political easing favored the stocks more sensitive to the life of the government.
Mediaset rose by 4,8%.
GTech achieved a rise of 4,6%: the government has decided to substantially reduce the fines previously imposed on video lottery companies over an old dispute
Positive day for Enel + 1,5%. Enel Green Power it rose 0,9% on positive news from Brazil, where the company won a tender to build three wind farms. Among the utilities, A2A earned 2,6%.
On the catwalk the luxury sector: Brunello cucinelli it closed up 6% after the very positive results of the quarter.Ferragamo gained 5,5%, Tod's +2,9% andYoox + 5,4%.
The banks are positive: Unicredit + 1,4% Understanding + 2,6%MontePaschi + 1,2%.
Among the popular ones, Ubi rose 3,7%
It did worse than the Stm market +0,64% with Citgroup experts who reduced the target price to 6,2 euros from 7,2 euros, confirming the neutral recommendation.
Among the worst titles of the day there are also Ansaldo Sts -0,97% and Finmeccanica -0,66%).
