European stock exchanges indifferent to the approval of the US tax reform. TO Milano, after a timid upward start, the Ftse Mib index slid down by 0,08%, just below the 22.100 level. The other markets were slow, held back by the strengthening of the common currency against the dollar and by the increase in market rates. Frankfurt e Paris mark +0,1%, London advances (+0,3%) e Zurich (+0,5%). Little move Madrid (+0,04%) on the day of Catalan elections.
The change euro/dollar fluctuates just below 1,19. The US currency, on the other hand, holds on to its highs for a week against the yen, at 113,59, after the Bank of Japan's decision to keep rates below zero and not to reduce stimuli, despite Governor Kuroda's optimism on the outlook for the recovery. Standing out among today's macro data is the final reading of US third quarter GDP. Expectations are for a confirmation of 3,3%.
Lo spread between BTPs and Bunds ten-year bonds stood at 150 points (-1,82%), with the ten-year Bund at 0,41%. The rate on the ten-year benchmark rises to 1,95% at the last closing. With closed markets, the details of the medium-long offer will arrive on Thursday 28: the experts of Intesa Sanpaolo foresee the launch of a new ten-year benchmark for an amount up to 5,5 billion, in addition to the reopening of the five-year period up to 3 billion and the Ccteu up to 2,5 billion.
On the European Stock Exchanges, among the sectors, the consumer and Oil & Gas sectors stand out with an increase of half a point. The Norwegian Statoil grew by 0,8% after unveiling a plan to increase production from the Snorre field in the North Sea. Eni + 0,2% Saipem + 0,6%.
It stands out among the best titles Nokia (+2,5%), which announced a patent agreement with the Chinese company Huawei. The French telecom Altice earn 1%.
Brakes Telecom Italy (-1,09%). The Italian telephone companies are about to be fined by Agcom: the sanction concerns billing of services at 28 days. Telecom Italia's board of statutory auditors could challenge the Board of Directors' resolution regarding Tim Vision.
In the banking sector Commerzbank loses 1% after the ad of Unicredit (+ 0,4%) Jean Pierre Mustier reiterated which is not evaluating the acquisition of the German bank.
At Piazza Affari Intesa Sanpaolo positive (+0,5%) after the agreement with the unions on the early voluntary departures of 9.000 employees which, when fully operational, is worth savings of 675 million euros a year.
Bpm bank +0,5%. The joint venture with Catholic (+1%), the distribution of policies will be operational from March. Where's Banca + 0,1%.
Back off Banca Mediolanum (-0,8%). The European Commission has announced that large investment companies, including asset management companies, will be supervised by the supervision of the European Central Bank, as is now the case with large banks.
Sale Unipol (+0,7%): Mediobanca has been asked to look for a partner for Unipol Banca.
This morning Equita published the list of its best Italian picks for 2018. At the head of the list is Buzzi Unicem (+2,92%), among the beneficiaries of the acceleration of the US economy and also promoted by Kepler Chevreux who raised the target to 27,5 euros. approximately 40% of total revenues is exposed to the dollar area and that almost a quarter of operating profit is generated by the American subsidiaries.
Also reported Cnh Industrial (+0,27%) driven by the good US economy on a par with Fiat Chrysler (+ 0,5%).
Equita has promoted as well Rest (+1,45%) which, through its German subsidiary, has entered into exclusive negotiations with Boulangerie Neuhauser, a company of the Soufflet group, to acquire the entire capital of Le CroBag which manage the Le CroBag brand restaurant business (124 local) in Germany, Austria and Poland.
Well the luxury: Tod’s + 1% Moncler +1%, one step away from the record.
Worth noting among the medium/small caps Trevi (+9% after a maximum of +14%) which rebounds from yesterday's all-time low of 0,2449 euros.
Also good Piaggio (+ 3%) and Mondadori (+ 2%).
