The European Stock Exchanges are heading towards a positive end to the week under the pressure of the forthcoming decisions of the ECB. Paris and Frankfurt have eliminated the initial losses, in Milan the index FtseMib salt of 0,3%.
In Italy the index on consumer confidence it rose to 118,4 from 116,9 in October, beating forecasts of 116,5. Today's level is the highest since this index existed. The data in Europe is also very positive. The European Economic Sentiment Index for November stood at 106,1, against expectations at 105,9: it is the highest level since 2011.
New record low for the five-year BTP rate sold today at auction for 2,5 billion euros, at 0,37%. The Treasury also placed one billion of the 2022 CctEu at 0,51% and 1,687 billion, slightly lower than the maximum 1,75 billion offered, of the 2025 ten-year BTP, at 1,36%.
The Btp/Bund spread drops to 92.
In Piazza Affari, recovery is guided by credit: the main Italian institutions can show equity soundness ratios, in particular the Core Tier 1 ratio, higher than the ECB's requests.
Mount Paschi earns 3,28%%, Understanding + 1,2% Banking Pop.Milan + 0,9% Banco Popular + 0,5%.
Limited lift for Unicredit +0,1%, held back by Bernstein's downgrade which lowered the recommendation to Market Perform from Underperform.
In managed savings, it shines Azimuth + 1,9%.
Oil down: Brent loses 1,2% to 44,8 dollars a barrel, Wti to 42 dollars (-2,3%). Eni loses 0,1%, Tenaris-0,4%, salt Saipem + 0,3%.
Bright Telecom Italy +1,2% on the wave of vosi on the possible increase in Vivendi's share.
Finmeccanica 0,5% salt, StM -1,3% Fiat Chrysler + 0,5%.
Yoox Advance 1,3%, Moncler -0,5%.
