Business Square it recovers from the lows of the morning but fails to return to positive territory and closes at -0,05%. The spread closes at 237 basis points. The price list is weighted down by Mps collapse -5,9% on which the sales were unleashed on the day in which the board of directors launched the 3 billion capital increase. The stock closed about 6% down on strong selling and after being held for too much downside.
Also in the red is Bpm -2,6% awaiting the clash in the assembly on the 21st for the formation of new governing bodies. Ubi -0,66%. At the bottom of the Ftse Mib there are also Tenaris -2,48%, Telecom Italia -1,60% and Fondiaria Sai -1,08%. Banco Popolare stands out on the Ftse Mib, rising by 2,03%. In the afternoon, according to what has been learned from financial sources, an extraordinary board of directors of the bank is underway which could take decisions on a reorganization that would involve Creberg, in which Banco Popolare holds 75% of the capital. Creberg rose by 2,01%. Unicredit +0,19%, Intesa +1,04%.
Azimuth +1,98% is also good in view of the publication of the collection for the month of October, Buzzi Unicem +1,48% and Atlantia +1,28%. Ferragamo continues to run +1,96% More pronounced drops in Europe: Paris -0,57%, London -0,87%, Frankfurt -0,11% On the macroeconomic data front, the data on the index has arrived from the USA of consumer confidence calculated by the Conference Board which dropped to its lowest since April: American consumer confidence in November dropped to 70,4 from 72,4 in October, disappointing analysts' expectations, who were betting on an increase to 72,6 .
On the other hand, the data on manufacturing activity in the Richmond area rose more than expected. The November reading was 13 points for the composite index compared with 1 point in October. Some housing data is also on the way: US home building permits in October rose 6,2% in October to an annualized rate of 1,034 million, the highest since June 2008. September home prices in the 20 largest US cities, as measured by the Case-Shiller index, they rose 13,3% in September, the largest increase since 2006.
Eyes on Thanksgiving and Blackfriday. In the meantime, the markets, which expect the Fed's stimulus reduction to begin shortly, are once again looking at American political risk for 2014. On this front, the Republicans surpassed the Democrats for the first time in view of the 2014 mid-term vote. According to a poll by CNN, if we voted today, the Republicans would win Congress, overtaking Barack Obama's party (from 49% to 47%). Just a month ago the Democratic party was ahead by eight points, 50 to 42%. Wall Street opened positive and at the close of Europe the Dow Jones rose by 0,06% and the Nasdaq of WTI oil fell again after the nuclear deal with Iran to 93,89 dollars a barrel (-0,21. 1,355%). The euro-dollar exchange rate is XNUMX.
