Business square it closed just below parity (-0,1%, 18.822 points) after an uncertain day and a rise in positive territory in the early afternoon. London dropped 0,11%, weighed down by the fall of Tui Travel after the sale of 5,4% by shareholder John Fredriksen. On the other hand, Paris (+0,54%) and Frankfurt (+0,25%) closed higher.
In Germany the Ifo index in November it was above expectations, rising to 109,3 points from 107,4 in October (analysts were expecting growth to 107,7 basis points). This is the highest level in the last 4 years.
While the number one of the ECB, Mario Draghi, launched a new call on the need to have a single authority for bank restructuring, the budget laws of individual members arrived for the first time in Brussels on the table of the Eurogroup, which will be reviewed by the EU Commission.
Lo spread Btp-Bund remained around 233 basis points.
Chancellor Angela Merkel met Prime Minister Antonis in Greece Samaras, which denied the hypothesis of the need for new funds for Athens (+2,37% the Hellenic Stock Exchange), “nor of a new memorandum – he specified -. We want to stick to the current program and its objectives which have been agreed with the troika”.
Wall Street opens mixed with traders still showing uncertainty about the Fed's next moves in terms of tapering. However, its eyes are also on Spotify, the Swedish online streaming music company that has raked in almost 250 million dollars in new funding (for a valuation of over 4 billion): among the major investors is a consortium led by the Californian Technology Crossover Ventures based in Silicon Valley. The euro-dollar exchange rate rose by 0,43% to 1,3534, WTI oil dropped by 0,69% to 94,78 dollars a barrel.
At Piazza Affari Ps -2,4% Saipem -2,4% Luxottica -1,46% Atlantia -1,19% (after the assumptions of a greater commitment in Alitalia), Banco Popolare -1,11%. bpm substantially unchanged (+0,02%) pending the lists for the shareholders' meeting on 21 December. Overall the banks have moved against Understanding -0,6% and Unicredit +0,4%, a marked increase Bper +2,5% and Mediobanca + 1,4%.
Meanwhile, the ECB decided to suspend early repayments of 3-year Ltro maxi-loans by Eurosystem banks for the year-end period due to “expected low interest rates and the concentration of other operations due to holidays”. The last repayment envisaged in 2013 will therefore be announced on 20 December (and will be settled on 23 December).
Featured on the Ftse Mib Ferragamo (+3,77%) which continues to rise in view of the quotation of Moncler, which today received the green light from Borsa Italiana. Mediaset +3,74%, after confirmation of the positive recommendation by Goldman Sachs. Well too Exor (+ 2,25%) and Buzzi Unicem (+1,57%). Pounce Tiscali (+10,48%) among mid-cap stocks, driven by the hypothesis of an interest by Murdoch's News Corporation.
As Roma +1,43%, with the possible arrival of a new shareholder from China. Generali loses 0,84%, after press indiscretion on an interest in Sace. The Generali Group "is today engaged in strengthening its capital through a plan which also includes four billion in disposals by 2015," said a company spokesman.
