Thanks to the banks, the Milan Stock Exchange it climbs back into positive ground after starting in the red. The FtseMib index grew by 0,31%, to 18.785.
Paris drops by 0,36%, Frankfurt -0,45% Madrid -0,18%, after the minutes of the last one FOMC meeting, the Fed's monetary policy committee, signs have emerged that the US central bank may reduce its monetary stimulus program in the coming months. London salt of 0,13%.
The fragile recovery of the private sector in the euro area has unexpectedly slowed down in November, despite the renewed growth of Germany, also due to the abrupt slowdown in France. Observes Chris Williamson, chief economist at Markit who cares the PMI index: "Production - excluding France and Germany - rose for the fourth month in a row, a sign that the region is returning to growth, but the pace of expansion in November was the lowest of these four months".
“Sometimes the tenor of certain discussions is surprising,” he said Angela Merkel, referring to the controversy over excessive German rigor. “We have a debt of about 80%”, compared to a target of the Treaties of 60%, “we're just working to return, in about 10 years, to the parameters to which we are bound”.
New jobless claims data will be released in the United States this afternoon. The dollar today it consolidates yesterday's gains and is trading at 1,342 against the euro. L'gold yesterday it dropped by 2,5% to 1.247 dollars an ounce, a price confirmed this morning.
In Milan the banks, despite the postponement of the decree on the revaluation of Bankitalia shares (the ECB's approval is missing), are the protagonists of the rebound: Unicredit + 1,17% Understanding + 1,47% Mount Paschi + 1,07% Ubi + 1,96%.
As for bpm (+1,15%), Piero Giarda has dissolved the reserve and will present the list for the renewal of the CDS which will see him as the head of the list and therefore as a candidate for the presidency of the supervisory body in the meeting of 21 December.
Fiat -0,09% Finmeccanica + 0,48%. StM +0,25% after yesterday's +4%. Buzzi Unicem -0,81% Cnh Industrial -1,12%. Enifalls by 0,8%, Saipem salt of 0,39%. Enel -1,7%. Telecom Italy +0,44%, on expectations of the sale of the towers in Brazil. Poltrona Frau -4,2%, the placement with institutional investors of 4,8% of the capital was successfully completed yesterday.
Analyst ratings affect several stocks:
- Generali, +0,36%: JP Morgan raised its target price from 20 to 21 euros, with an overweight recommendation. Kepker Cheuvreux (buy) rewards the sale of Fata for 179 million euro to Cattolica Assicurazioni (+0,2%) . In addition to freeing up resources and improving capital, the operation brings Generali closer to the target of 4 billion deriving from the disposals.
- Pirelli, +1,26%: HSBC raised its rating from neutral to overweight, bringing the target price to 13,5 euros from 11 euros.
- Mediaset it lost 0,95% after Goldman Sachs cut its European media rating to neutral.
- Saras, -1,3%: SocGen cut its judgment to hold from buy, target price at 0,98 euro from 1,19 euro.
