European stock markets closed the first session of December sharply higher, after yesterday's losses, due in part to fears for Omicron and in part to the hawkish attitude of Fed chairman Jerome Powell according to which transience and inflation are no longer going to arm. A position reaffirmed today before the Financial Services Committee of the US House.
He puts the accelerator on Petroleum, in the midst of OPEC and OPEC+ meetings, which could increase the production (or rather scale back cuts) less than expected as the pandemic is scary again. Brent and WTI futures rose about 3,5% to $71,65 a barrel and $68,43, respectively.
Against this backdrop, on the heels of Asian gains and brightened by gains in the afternoon Wall Street (where Apple flies), the main indices of: Frankfurt +2,5%; Paris +2,4%; Amsterdam +1,71%; Madrid +1,75%; London + 1,55%.
Business Square it gains 2,16% and reaches 26.371 points, thanks to the return of purchases on cyclical stocks. The best blue chip is stellantis +5,68%, in a well-bought auto sector at European level. Well too Exor + 2,75% Cnh + 3,38% Pirelli +2,84%. Crude Oil Prices Push Oil Stocks Off Tenaris +4,13%, which also boasts the confirmation of the contract for the North field east project in Qatar. It shines Eni, +2,25%, promoted "buy" from "hold" by Berenberg.
It is among the best on the list stm, +4,28%, which looks to the customer apple in escape to New York. The Cupertino apple is the company with the highest capitalization on the markets and today it revised its record, rising to 169,28 dollars (+2,41%). The stock travels towards the twelfth positive session of the last thirteen. Its capitalization is now nearly $2.780 trillion, a year-to-date gain of more than 27%.
In Milan, the session was largely positive for financial stocks. Among the banks it stands out Unicredit +4%, while outside the main basket it archives an explosive day Ps, +16,73%, suspended several times due to excessive increases. The bank of Siena has announced that it is working with the Treasury to restart negotiations with Brussels, on a business plan and capital strengthening, so the market is once again betting on the search for a post-restructuring partner. And there are those who hypothesize that the Unicredit dossier could reopen. salt Banca Carige + 9,79 %
On the downside of the Ftse Mib are stocks that have gained recently like Diasorin -3,1%; Recordati -0,76%; Campari -0,19%.
Among the minors continues the honeymoon of alfonsino (+23,08%) with investors. The startup, which specializes in ordering and home delivery services in small and medium-sized Italian cities, made its debut on November 22 on Euronext Growth Milan with a placement price of 1,6 euros and is now worth 2,88.
The closure is in red for bonds. The spread between 10-year BTPs and Bunds, it rises to 135 basis points (+4,7%), with the yield on the Italian bond at +0,98%.
The macro data of the day for the Belpaese are positive. In particular, manufacturing is running for the 17th month in a row and the PMI index reaches a new historic record of 62,8, well over the 50-point threshold which indicates the separation between economic contraction and expansion.
