Even in the season of records Apple (+0,9%) does not cease to amaze. Apple yesterday broke the ceiling of 700 billion capitalization, a goal never reached by any other company in the world. The title alone is worth more than the entire Stock Exchange in Moscow, Singapore and Piazza Affari.
The gap on its pursuer is growing: Exxon, which has slipped due to the oil crisis to 405 billion dollars, 43 billion less than mid-year prices.
Precisely the drop in crude oil on the eve of the OPEC summit is at the center of the markets' attention: prices fell to new lows (73,85 dollars a barrel) after the failure of the meeting between Saudi Arabia, Russia, Mexico and Venezuela to find an agreement on production cuts. According to The Wall Street Journal, however, a last-minute deal remains possible.
CHINA AT THE TOP, WALL STREET TAKES A BREAK
Mostly positive indices in Asia-Pacific driven by the devaluation of the Australian dollar and, above all, by the bet on new anti-recession measures in China to counter the fall in real estate: the Shanghai Stock Exchange +0,8% rises to maximum for three years. More firm Hong Kong: the police are removing the barricades in the Business district. Tokyo -0,1%.
The US markets were mixed: Dow Jones -0,02%, S&P -0,12%, Nasdaq +0.07%. To the surprising data on the US GDP growth in the third quarter, which rose by 3,9%, well beyond the forecasts which indicated +3,3%, the cold shower came from the Conference Board index on consumer confidence, which fell in November to 88,7 from 94,5, 96, against the forecasts which indicated it at 12: a cold shower on the eve of Black Friday, the start date of the Christmas sales. Tomorrow Wall Street will be closed, Friday the session will end at XNUMX.
DRAGHI PUSHES EUROPE, MILAN +0,4%
The Draghi effect continues to push European markets. But in the end, the lists partially corrected after the disappointing data on American consumer confidence. Frankfurt rose by 0,77%, Paris by 0,32%, Madrid by 0,54%. Outside the euro area London +0,02%. In Milan, the FtseMib index closed the session with a rise of 0,4%.
BTP AT THE HIGHEST. TODAY THE AUCTION BOT
On the eve of the month-end auctions, the BTP reached a new historic record: the 2,12-year yield fell to 138%. The Btp/Bund spread fell to 6 bp. Today the Treasury will offer 6 billion 7,15-month BOTs at auction against 0,285 billion maturing. On the gray market, the share was traded yesterday at a rate of 0,379%, the lowest since September and a sharp drop compared to October (XNUMX%).
Tomorrow it will be the turn of medium-long term bonds: between 5,5 and 7 billion BTPs over 5 and 10 years will be offered, the last issue with settlement in 2014. Madrid yesterday placed 3 and 5 year government bonds for 4,11 .XNUMX billion.
Portugal is offering today a buyback of three bond issues maturing next year and 2016 to swap them for longer debt issues in 2021 and 2023.
UNDERSTANDING ADVANCES, STRIKES ARE IN THE AIR AT THE COUNTER
A day dedicated to purchases for the banking sector, not at all disturbed by the growing union tensions. The banking unions have in fact broken off negotiations with Abi on the renewal of the category contract, already extended until next December 31st, and are preparing to call a strike which should take place in January.
What matters more, however, is waiting for the decisions of the next meeting of the ECB, set for the beginning of December. The Italian sector index thus rose by 1%, slightly more than the European basket.
Intesa, on the wave of international expansion projects, rose by 1,7%, Unicredit +0,2%, Ubi +1,9%, Pop. Emilia +2,2%. Monte Paschi went against the trend, closing at -0,6%. Outside the Ftse Mib, Banca Etruria's leap of over 7% should be noted.
MEDIASET DENIES: TISCALI IS NOT INTERESTED
Telecom Italia unchanged, after the crash on Monday. CEO Marco Patuano reiterated that in order to finance the possible integration in Brazil with Oi, a capital increase for Telecom Italia or Tim Brasil is not being studied "at the moment". This is what the CEO clarified today, also specifying that the group has made its declaration of interest in F2i for the purchase of the controlling stake in Metroweb, then it will be the latter that defines the times and its objectives.
In great evidence Mediaset (+2%), yesterday linked to the strange but overbearing leap of Tiscali +5,2% which adds to the +31% on the eve. Yesterday's rumors certainly indicated the interest of the Biscione in aggregating the provider founded by Renato Soru in Premium.
In the evening, the denial of the company of the Fininvest group was dry: "Regarding press rumors that associate Mediaset with the recent stock market performance of the Tiscali stock, the company denies any specific interest in the operator". The note concludes by revealing that Mediaset "has launched an evaluation of the technological offers of all the telephone companies operating in Italy in order to identify possible collaborations for the innovative integrated pay TV-broadband subscriptions already announced by Mediaset Premium".
ENI SHOPPING IN GHANA, WAITING FOR OPEC
Volatile session for Eni, which changed direction several times under the pressure of crude oil prices to close down by 0,4% at 17,14 euros. The oil company yesterday announced a $6 billion deal with the Ghanaian government to allow Eni Exploration to start work on the Cape Three Points Offshore block and deploy a third floating production, storage and offloading (FPSO) unit. Tenaris (-0,9%) and Saipem (-0,3%) also fell. Positive session for Enel (+1,2%) which exercised the greenshoe for Endesa: the placement thus rose to 21,92% for a consideration of 1,32 billion euro.
STM SALES, IMPREGILO ADVANCES IN Türkiye
StM stood out among the industrial stocks (+1,5%). FCA, Pirelli and Finmeccanica moved little. Cnh Industrial falls (-1,1%). Money on Salini Impregilo (+2,1%) which was awarded a 260 million euro contract for the construction of civil works relating to the main hydroelectric plant in the south-eastern part of Turkey.
The partnership with Kinexia (+2,1%) in the chain of sustainable energy and environmental services pushes Biancamano up, which rises by 11,4%. Double-digit leap (+12,7%) also for Damiani. Lastly, profits were taken on Wdf (-1,3%).
