1- Obama receives Trump: “Excellent meeting”
The outgoing president welcomed the winner of the presidential elections to the White House, who will take his place in the next 4 years – The meeting was cordial, under the banner of collaboration, even if according to the WSJ, Mr and Mrs Obama did not want to traditional photo together with the next presidential couple. Read the full article.
2- Stock market in swing: FCA boom, banks ok, utilities ko
High volatility on the markets – Piazza Affari flat – European lists contrasted – FCA flies (+7,82%), Bpm, Banco Popolare, Azimut and Intesa do very well – Energy stocks in strong red – Dow Jones at record. The article by Ugo Bertone.
3- Generali, operating result and profit up
Group net profit showed a recovery of 6,4% in the third quarter – Over the nine months total premiums reached 52,1 billion (-2,8% over the year) – Up 1,5% P&C, driven by Motor (+3,3%). Read the full article.
4- Unicredit, quarterly: more revenues and less profits, but capital improves
Net profits fell by 11,8% in the quarter, while revenues rose by 2,3% to 5,4 billion – In the 9 months, however, profit grew by 14,7% – The Cet1 improved, settling at 10,82% and net non-performing loans fell by 8% to 36,4 billion in the quarter – The stock rises in Piazza Affari. Read the full article.
5- Brexit: Goldman could leave London for Frankfurt
The news was reported by Reuters, which cites sources close to the dossier - The risk of losing direct access to the European financial market would be pushing Goldman Sachs towards a transfer of some subsidiaries and operations from London to Frankfurt, in view of the exit of the Gran Brittany from the European Union. Read the full article.
