Markets are filled with positive news today as China's economy performs better than expected, Japan is out of recession, there is a giant trade deal in Asia and most importantly, there is a Moderna's anti-Covid vaccine which works 94,5% of the time.
European stocks close higher e Wall Street momentum (the DJ moves close to 30 points, a record level), inaugurating the week in the name of optimism. Business Square rises by 1,98% to 21.317 points, the highest since the beginning of March, after accelerating more than Frankfurt + 0,52% Paris +1,7% and London +1,64%. The best square is Madrid,+2,6%, where Banco Bilbao Vizcaya Argentaria(bbva) gains 16%, following the sale of US assets to Pnc for 11,6 billion dollars in cash. The performance turbocharged the entire sector at European level.
The climate of confidence favors the surge in the Petroleum and oil stocks: Brent appreciates by 3,2% and trades at 44,15 dollars a barrel.
Good morning is seen in the morning with the forefinger of Tokyo (+2,05%) which closed at a 29-year high, after data beyond expectations on the Japanese GDP for the third quarter, +5%, which marks the country's exit from the recession despite the coronavirus pandemic. The morale of the markets also rose thanks to the Chinese macro data: production grew faster than expected in October (+6,9% year on year), consumption +4.3%, real estate investments +12.7%. According to the Beijing National Bureau of Statistics, the economic recovery is set to accelerate further in the last quarter. We also like the maxi trade agreement between 15 countries in the Asia-Pacific area, including Japan, China and South Korea which, according to estimates by some economists reported by the FT, could add 186 billion dollars to the global economy and have an of 0,2% of the GDP of its members.
To add fuel to the fire finally came the announcement of Modern (+7,5% on Wall Street), whose vaccine would have demonstrated efficacy in preventing contagion in 94,5% of the volunteers admitted to phase 3 of the tests. The whey can also be stored at a temperature between 2 and 8 degrees (values guaranteed by a domestic refrigerator) for 30 days. Last week had been a similar announcement by Pfizer (-4,3%) And Biontech (-15,15%) to give wings to the markets.
In Piazza Affari, most of the blue chips close higher. At the top of the list is placed Leonardo, +7,79%. Last Friday, the US Department of Defense awarded its subsidiary AgustaWestland Philadelphia Corp an additional $171 million contract for 36 TH-73A helicopters. Banca Imi writes in the daily that "despite the relatively small amount, we see this additional contract as confirmation of the commercial success of Leonardo and of the group's helicopter division, increasing penetration in the US military market".
Oil stocks are in full swing: Tenaris +7,75%, with the broker Fidentiis, which changed the recommendation on the stock to "Buy" from "Hold" after the results of the third quarter; Eni +4,02%; Saipem + 4,7%.
Well the banks, starting with Bper (+6,5%) and managed savings with Banca Mediolanum (+ 4,71%) and Azimuth (+ 3,8%).
In the ten biggest gains of the day also Interpump +5,08%; Exor +3,45%; Ivy + 3,31%.
Atlantia, +2,19%, wakes up after last week's losses following the investigation into Aspi; in the meantime the accounts for the first nine months of the year have been approved.
Secluded nexi, +0,68%, which reached an agreement for merger with rival Nets (after the one with Sia) in a card-to-card deal that gives Nets an enterprise value of 7,8 billion euros.
In decline Terna -0,57% and Diasorin -0,29%.
The bondholder's mood remains high, despite the crunch of the Recovery Plan. In fact, press sources report that Hungary and Poland have exercised their veto, blocking the adoption of the European Union budget and the aid plan to deal with the health crisis. Looking forward to the meeting at 27 on Thursday, lo spread between Italian and German ten-year bonds it drops to 115 basis points (-2,32%) and the BTP rate marks +0,61%.
On the currency market theeuro-dollar it is little moved around 1,183.
