FRANKFURT RISES TO HIGHEST SINCE JANUARY 2008. BANKS AND FINMECCANICA CELEBRATE IN MILAN
Wall Street's bullish start boosts gains on European stock exchanges. In Piazza Affari, the Ftse Mib index rose by 0,94% to 16143 points. Preceded only by Madrid +1,32%.
In Frankfurt, the Dax rose by 0,7% and went to levels it had not seen since January 2008, bringing the performance since the beginning of 30 to +2012%. Paris rose by 0,31%. London +0,52% The recovery of the spread also consolidates, falling by 8 basis points to 309 for a 10-year BTP yield of 4,47%.
On the 30-year maturity, the BTP yield is celebrated below the 5% threshold for the first time since November 2010. This morning the Spanish government placed 1,58 billion three-month government bonds at auction with a yield of 1,195% , down from the previous 1,254%. In great ascent Wall Street, in the presumption of a forthcoming agreement on the tax cliff: Dow Jones +0,5%, S&P +0,64% and Nasdaq +0,85%.
He is recovering Apple Lossless Audio CODEC (ALAC), +0,8% to 522 dollars. Bank of America says the stock's correction phase, a decline accompanied by spreading fears about competitors' counter-moves, should be over. Last week, Apple fell 4,4%, 25% from a September high. Yesterday the iPhone company reported a defeat in the ongoing legal war against its competitors, an American judge said no to its request to block the sale of some Samsung mobile phones.
Many themes in Piazza Affari: Finmeccanica +2,76%, the conclusion of the long process for the sale of 14% of Avio and 55% of Ansaldo Energia is approaching. Fiat +1,71%, has been indicated by the American broker Bernstein as a "best pick" in the European auto scene for next year. Mount Paschi +3,19% on top of yesterday's +6%, the stock benefits from the EU's ok for Monti bonds. The other banks also rose: Unicredit salt by 2,7%, Understanding + 1,5% Ubi + 3,5% Banco Popolare + 3,7%.
Among other blue chips: Generali + 1,05% Enel + 0.9% Telecom Italy loses 0,29%, Eni earn 0,1%. Saipem loses 1,61%, the stock is penalized by the downward revision of the 2012 profit targets by Baker Hughes .
Saras finally, it gained 1,4% to 1,02 euro following the news that the group has signed a letter of intent with the Russian Rosneft for a joint venture for the marketing and processing of crude oil and the sale of petroleum products.
