Lists awaiting the decision of the Fed which tonight is preparing to raise interest rates for the first time in nine years. Experts expect an increase of 0,25%. In this case, the cost of money would pass in the range of 0,25%-0,5%.
Europe closed overall positive thanks to the good macroeconomic data released in the morning even if slowing down after the slowdown in the afternoon on Wall Street which was affected by the plunge in crude oil. The Ftse Eb, the only one among the main squares of the Old Continent, instead canceled its gains in the afternoon hit by sales of utilities, banks and luxury goods and slipped into negative territory, closing down by 0,29%. London +0,72%, Paris +0,22%, Frankfurt +0,18%, Madrid flat (-0,01%).
Il Petroleum WTI plunged by 4,31% to 35,74 dollars a barrel thanks to the data on US weekly inventories which rose by 4,8 million barrels against expectations of a drop of 1,4 million.
Eurostat revised inflation up to +0,2% year-on-year from 0,1%. Furthermore, the PMI index on the confidence of purchasing managers of manufacturing companies beat expectations, reaching 53,1 points from 52,8. This is the highest level of the last 20 months.
The Btp-Bund spread closed with a slight improvement at 102 points and a yield of 1,7%. Sales on US Treasuries awaiting the first rate hike from the Fed. The two-year bond, the hardest hit, returns 1% for the first time since May 2010. The yield has almost doubled in recent months even if it remains at historically low levels.
On Wall Street, stock markets slowed down in the afternoon, affected by the drop in oil and waiting for the Fed. The Dow Jones and the S&P500 at the end of Europe moved close to parity, +0,07% and +0,29% respectively . Purchases on FedEx which today after the closure will publish the accounts for the second quarter 2015/2016. On the macroeconomic front, industrial production disappointed expectations with a drop of 0,6%, while new construction sites increased by 10,5% in November and building permits rose by 11%.
At the end of the session, Piazza Affari moved into negative territory. Sales hit A2A above all, which collapsed by 6,14%, which pays for the cut by Citigroup analysts on the target price, to 1,3 euros per share from 1,5, and on the estimates of earnings per share, revised downwards by 12,5 .2015% average in the period 2018-2010. Profit-taking was triggered after the stock hit its highest level since January 60 yesterday and after a XNUMX% chord over the course of the year.
At the bottom of the Ftse mIb also Tod's -2,55%, Stm -2,03%, Bmps -1,39%. Banks closed overall in the red: Ubi -0,08%, Unicredit -0,58%, Intesa -0,71%. Positive Banco Popolare +0,81% and unchanged BPM. Outside the Ftse Mib Erg dropped 2,82% on the day the plan was presented. Purchases reward Azimut +2,14%, Buzzi Unicem +2,02%, Finmeccanica +1,56%, Campari +1,39% and Mediolanum +1,02%.
