European stock exchanges accelerate, increasingly excited by the approaching Thursday meeting of the European Central Bank. To stimulate the rise of the bull is the parallel decline of the euro: 1.056 on the dollar, -4% in the last month.
In Milan the Ftse Mib index rose by 0,6%, halfway between Paris +0,5% and Frankfurt +0,7%.
November, generally a stingy month for price lists, in 2015 recorded a performance with a plus sign: Piazza Affari achieved a 1,2% increase which brings the performance since the beginning of the year to +19,5%. The performance of the Stoxx 600 is +12,6%.
The American Stock Exchange it is little moved by the resumption of activity after the Thanksgiving Day break and the half-holiday Friday (Black Friday) which marked the start of Christmas shopping in America. The three indices S&P500, Dow Jones and Nasdaq are almost even.
Oil is down: Brent lost 8,5% to 45,3 dollars a barrel (Wti -8,9%). Eni gains 0,7%, Saipem +0,6%, Tenaris +2,6%.
Among the utilities, Enel rose by 0,4%, a good rise by A2A +1,6%, promoted to Buy from Neutral by Banca Akros.
Finally, the thud of gold should be noted. Despite the increase in geopolitical tensions, the yellow metal fell by 6,8% in November, approaching 1.000 dollars an ounce (today 1.064).
The automotive industry is very prominent in Europe, the best sector on the European scene (Stoxx +2%). Today Volkswagen is up 5,4%, Peugeot +3,2%. Little move Fiat Chrysler +0,1%, but Exor +2% and Cnh Industrial +1,9% did better.
In Milan, however, the luxury stocks shine. Ferragamo skyrockets +5,2%, promoted to Outperform (from Neutral) by Exane. Moncler +2,2%, Yoox +2,6%. Luxottica rises by +1%. Finally, Telecom Italia lost 0,6%. The confrontation picks up a few days before the meeting for the appointment of Vivendi's directors. Proxy fighter ISS recommended to vote against.
