WALL STREET EXPORTS THE BULL ON THE PRICE LISTS
FIAT, BREMBO AND SAIPEM THE THREE SUPERSTARS
Record: 20 minutes after the opening on Wall Street the Dow Jone index broke a share 14.188,11 the absolute intraday record that had lasted for five and a half years. The race continues after the publication of the ISM services index in February, which unexpectedly rose to 56 from 55,2 in January, economists had expected 55,0.
The index Dow Jones it now rises by 1,04 5% by grinding new records. S&P500 index +1,06% and Nasdaq +1,25%. Since the lows of March 2009, the index has doubled.
The American wind is also blowing on price lists Old World. Milan, the square most sacrificed after the electoral response, is the one that rebounds the most: the index FtseMib marks 2,78% progress at odds of 15974.
All positive, but with more contained earnings, the other European Stock Exchanges: London +1,34%, Paris +2,07%, Frankfurt +2,36%, Madrid +2,1%.
In Europe, the fastest growing sectors are: automotive (Stoxx index +3,3%), banks (+ 1,9%), tech (+ 2,3%).
The prices of our government bonds improve: the 10-year BTP is traded at a yield of 4,77% with BTP/Bund spread at 332, twelve basis points less than yesterday.
THEeuro it is unchanged against the dollar at 1,303, the exchange rate with the Swiss franc is also stable at 1,226.
After five consecutive sessions of decline, Brent-type oil it is up to 110,9 dollars a barrel (+0,7%). The WTI also rose by 0,5% to 90,6 dollars.
Big leap of Fiat +5,88% after the CEO Sergio Marchionne confirmed the 2013 targets. Among the important automotive stocks, the progress of Brembo which gains 7% after the presentation of the 2012 data. Pirelli +2,73%, Finmeccanica +1,73%, StM rises by 1,22%.
On the contrary, it slips Prysmian -0,24% after announcing a 300 million euro convertible loan.
It bounces Mediaset +2,8% after the recent falls.
Telecom Italy salt by 4,21%. But the subsidiary falls Telecom Italy Media -12% after having reached the agreement for the sale of La7 to Cairo Communication which, on the contrary, gains 4,6%.
The leap of Saipem +8,21%, promoted by Goldman Sachs to buy from neutral. Eni advances by 3,07%.
Finally, the rally of luxury companies continues. New all-time highs for Luxottica +2,01%. Record also for Yoox +2,8%.
Among the banking sharp slide for Banco Popolare -2,7% after the profit warning.
Prompt collection for Mediobanca +6,71% They advance Understanding + 4,5 % Unicredit + 3.44 % Mount Paschi + 3,1%.
In the insurance sector, Generali up 3,7%, Unipol +3,2%. In asset management, Azimut scores a 5% leap, Banca Generali +5,3%
