THE ECB AND US INFLATION LEND A HAND. OPTIMISM RISES IN VIEW OF THE EU EXAMS
New expansive signs are coming from the ECB: the Austrian member of the board Ewald Nowotny has not ruled out the purchase of corporate bonds to increase the central bank's balance sheet even if, for now, it has not been formally discussed. markets are betting on the outcome of the exams of the European banks, in view of next Sunday's poll. Piazza Affari closed up by 1,06 (Ftse Mib index at 19266) ahead of Madrid +0,96%, Frankfurt +0,6 .0,58%, Paris +0,43%. London +2,50%. The BTP is stable with the yield at 164%, spread unchanged at XNUMX.
The first phase of collection of the BTP Italia closed with orders of just over 4,5 billion euros. Today, on the last day reserved for retail customers, orders were collected for 536 million euros which, added to the 4,036 billion euros of the previous two days, bring the total to 4,572 billion euros.
The positive movement on Wall Street contributed to the favorable climate. In America, inflation in September was unchanged compared to August at 1,7%, slightly higher than forecast: a good sign of growth. The S&P500 index rises by 0,3%, Nasdaq +0,3 %. The dollar is trading at 1,265 against the euro, from 1,271 yesterday.
The market is affected by rumors related to bank stress tests. MontePaschi's recovery continued +4,1%. Positive closures for Unicredit +1,5% and Intesa +1,3%. Ubi Banca rises by 1,7%. Generali advances +1% after the CEO Mario Greco yesterday announced the increase in the dividend from next year. Enel closes up 0,9%, Eni +0,7%. Brent oil trades at $86,1 a barrel, unchanged. Telecom Italia gains 1,5%. Mediaset +1%. Among industrialists, good performance by Finmeccanica, up 1,5%. In a hearing in the Chamber, the CEO Mauro Moretti, confirmed that the business plan will be presented in mid-December. StM +2,7% and Fiat Chrysler +1,7% were also highlighted. Positive signs in the luxury sector: Tod's +2,1%, Luxottica +2,4%. Moncler +1,5%.
