Under the Christmas tree comes the marriage of two other Stock Exchanges: Ice buys Nyse Euronext. Commodities are bought on Wall Street (and also a piece of Europe with, among others, the Paris and Amsterdam Stock Exchanges). An operation that values the Nyse at $33,12 per share and which should close in the second half of 2013. The Nyse Euronext brand will survive and the company will have dual headquarters in Atlanta and New York. And a Euronext IPO after the closing of the acquisition is not ruled out if market conditions and European authorities support it.
In Europe, the lists recovered the losses of the morning and closed positive at parity, with the exception of London. Piazza Affari (+0,36%) it achieved the eighth consecutive increase after reaching new highs since mid-September even if the Btp bund spread regained 300 basis points. Frankfurt +0,05%, Paris unchanged at +0,06%, London -0,05%.Madrid +0,18%. In Spain, Congress has given the green light to the 2013 state budget which should lead to a reduction of the deficit to 4,5% of GDP, on condition that the 2012 budget is 6,3%. Athens closed up 0,26%. In an interview with the Financial Times Finance Minister Yannis Stournaras he said that the Greek economy should reach its turning point at the end of 2013 and then register a slight growth starting from 2014. "We can do it next year - he explained - if we keep the course of the reforms that we have agreed on with the EU and the IMF”.
On Wall Street, however, the good data on GDP revised up to the rialzlo and on real estate, which shows clear signs of recovery, are not enough. At the close of Europe the Dow Jones and the Nasdaq move slightly below parity. The Nyse jumped by 32,56% to 31,88 dollars driven by the news of the dela with Ice. Concerns over the fiscal cliff are weighing on stock markets after the announcement of the White House's veto of plan B by speaker John Boehenr, which provides for tax increases only for those earning more than a million dollars. The House, with a Republican majority, will vote on plan B in the next few hours (between 1 and 2 in the morning in Italy). "We have the votes to approve it," said House Majority Leader Eric Cantor, stressing that Republicans will not leave Washington during the holidays to try to avoid the fiscal cliff.
The macro data in the afternoon were positive: third quarter GDP rose by 3,1%, the third estimate which revises the previous one by 2,7% upwards. The figure is higher than analysts' expectations, who bet on growth of 2,8%. Existing home sales in the United States rose 5,9% to an annualized rate of 5,04 million units in November, the highest level since November 2009. In the United States, the Philadelphia Fed Index was at 8,1 points compared to -10,7 points of the previous year and beating the expectations that saw him at -3 points.
In Piazza Affari, on a day characterized by low volumes, Autogrill +3,77%, Mediaset +3,54%, Finmeccanica +2,56% stand out. Citigroup analysts raised the rating to neutral from sell and the target price to 4,40 euros from 2,4 euros. Mediobanca +2,56% and Atlantia +1,97%.
Fiat rises by 1,42% in the wake of the words of the CEO Sergio Marchionne at the presentation ceremony of the new development plan of the Sata factory in Melfi, defined as the first of a series of investments in Italy. The CEO of Lingotto confirmed the targets for 2012: a trading profit of around 3,8 billion and a net profit of 1,2 billion. He then said that business in Italy and Europe will break even in 3-4 years. Enel rises by 1,41%. For Enel, 2012 "will close positively - said the CEO Fulvio Conti - We have achieved all the objectives set in terms of Ebitda and debt". Enel expects to end 2012 with a debt of around 43 billion and an Ebitda of 16,5 billion.
The banks are weak: Bpm +0,89%, Intesa unchanged, Unicredit down by 0,62%. Mps also down -0,18% after the red card signed by the ECB: Eurotower advises the Treasury to enter the bank's capital rather than having it issue new debt to pay the interest. The issuance of new financial instruments could lead to further difficulties.
Sales on Saipem (-1,86%) on the cut in the target price and EPS estimates by the analysts of Equita, Telecom Italia -1,36%, Campari -0,86%, Luxottica -0,66%.
Among the smaller titles we note the leap of Mondo TV (+4,35%) which concluded an agreement for the television broadcasting of audiovisual products with the public television of the Sultanate of Oman
