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The stock exchanges await Draghi with confidence: Terna and Snam fly

Positive European price lists mid-morning, awaiting Mario Draghi's words – Terna and Snam at new all-time highs after the positive decision of the Energy Authority regarding the new tariffs – Banks and insurance companies are doing well – Oil companies are not moving – Yoox still rises in luxury.

The stock exchanges await Draghi with confidence: Terna and Snam fly

Positive European stocks a few hours after the press conference Mario Draghi. Lists earn an average of half a percentage point. Business Square scores +0,60%. 

In the first negotiations, it spread between ten-year BTPs and their German counterparts, it is stable at 92 points, for a yield of 1,39%. The Bonos/Bund differential scores 103 points for a rate of 1,50%.

The market expects a strengthening of the Quantitative easing and a further reduction in the deposit rate from the current -0,2% to -0,3%. 

Last night the president of the spoke FedJanet Yellen: The US economy, she said, is ready to support a rate hike. 

In great evidence Terna (+ 3,1%) and Snam (+3,9%), both rising to new all-time highs after the positive decision of the Energy Authority regarding the new tariffs which will take effect from 2016. Enel +0,7%. 

The oil companies moved little: Eni + 0,1% Tenaris +0,3%, Saipem -0,5%. Well Fiat Chrysler (+ 0,7%) and Finmeccanica (+ 1,3%). StM -0,2%. 

Confirmed entry from December 21st of Poste Italiane (+0,7%) in the main index of the Italian Stock Exchange, FtseMib instead of Ansaldo Sts. Hitachi's takeover bid for the former Finmeccanica subsidiary postponed to January.

Avanza Mediobanca (+0,5%): the subsidiary CheBanca! acquired the network of 90 Barclays branches in Italy, with 550 employees and 3 billion in funding. To sell these assets, Barclays had to pay Mediobanca badwill (negative goodwill) of 237 million euro. 

The sub-fund is conditioned by the judgments of Standard & Poor's. Pop Bank. Emilia +0,5%: S&P improved its outlook to positive from stable, confirming its BB- rating. Pop Bank. Milan +0,5%: the broker revised the rating to BB- from B+, confirming the stable outlook. Understanding + 0,2% Unicredit + 0,4% Mount Paschi + 0,3%.

Positive assurances: Generali + 0,5% UnipolSai + 0,4%. 

Campari -0,9%: JP Morgan has started hedging with an Underweight recommendation and a target price of €7,5. 

In luxury it still rises Yoox (+1,2%). Well too Rest (+1,1%) which signed contracts with Nederlandse Spoorwegen (NS), the main Dutch railway operator, for the management of 20 points of sale in various stations and estimates revenues of 305 million in 10 years. 

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