Business Square it confirmed itself as first in its class in Europe and closed up 0,87% at 21.622 points. In November, the Ftse Mib gained about 20% (it was below 18 points at the close of Friday 30 October), by virtue of a rally that infected all the markets, supported by central bank policies, by the election result Usa, from the good news on the anti-Covid vaccines. The climate, except for brief interruptions, has been favorable for everyone and today they are making progress Frankfurt +0,5%; Paris +0,52%; Madrid +0,58%; London +0,3%. The weakest is Zurich, -0,04%, on the day Swiss anesthesiologists said that the places in intensive care in Switzerland are finished. The pandemic remains ferocious, despite some signs of improvement, fortunately, however, we are beginning to hope that this scourge will end. Today Pfizer has adjusted the effectiveness rate of its anti-coronavirus serum bringing it from 90% to 95%, at the end of the phase 3 analysis and the company is preparing to request authorization from the competent authorities to start the distribution of the first batches within the year.
It is therefore on the same wavelength as Europe Wall Street which, after some initial uncertainty, is making slight progress. The Dow Jones is moving up Boeing, with the green light from the US authorities for the flight of the 737 Max, stopped for 20 months, after two fatal accidents. Since the beginning of the year, the stock has lost about 43%.
On the foreign exchange market, the dollar is lagging behind, while theeuro remains well matched against the greenback despite the problems with the budget and the Recovery Fund after the veto announced by Hungary and Poland. The cross is around 1,187.
Among the raw materials the Petroleum slows pace after rising US weekly inventories. Brent rose by 1,44% to 44,38 dollars a barrel; Wti +0,84%, 42 dollars a barrel.
Queen of the main price list of Piazza Affari is Bper, +6,1%, also following the revision of the target price by Goldman Sachs, from 2,2 euros to 2,25 euros, which also reiterated the indication to purchase the shares.
The American investment bank also raised the target price by Unicredit (+0,89%) from 12,3 euros to 12,7 euros. The experts have reiterated the indication of buying the shares, confirming the institute in the list of preferred stocks. For Intesa (+1,31%) the target price was raised from 2,15 euros to 2,4 euros, following the improvement in the estimates on earnings per share for the period 2020/2024; experts have also improved their judgment and now recommend buying the shares.
In the rest of the list good nexi +3,15%; Telecom +2,84%; Azimuth + 2,67%
Among the industrialists, Cnh closes an effervescent session, +3,48%, with the market approving the change at the top. Scott W. Wine he will in fact leave Polaris to become the new CEO of the group starting from January 4, 2021. According to the broker Fidentiis, this is positive news “in light of Wine's considerable international experience gained in various industries, together with extensive expertise in M&A in the USA, Europe and Asia”. Little move fca, +0,41%. Registrations in Europe in October fell by 7,1% year on year, but for the FCA group there was an increase of 3,2%
Vaccine news bends Diasorin (-2,07%), which deals with diagnostics. In the health sector it is also weak Recordati -1,16%.
Out of the main list Brembo closed up by 2,39%, after the acquisition of 100% of the capital of SBS Friction, a Danish company that develops and produces brake pads in sintered and organic materials for motorcycles. Equita notes that "the deal is small, but it is part of the strategy to evolve towards the solution provider model in the medium term".
The closing is also green for bonds: lo spread between the Italian and German 116-year bonds it is stable at 0,6 basis points; the BTP rate remains at +0,59% after slipping briefly during the session to +3%, an all-time low. Meanwhile, the Treasury announces the details of the placement of the bond in SEC-Registered Global format of 1,25 billion dollars, with an annual coupon of 17% and maturity on February 2026, 170: about 9,3 investors participated in the operation for a total demand equal to over $XNUMX billion.
