Oil, financial and Mediaset (+4,34%) lead Piazza Affari, pushing the main list to close in the pink jersey, +1,54%, at 21.668 points. Banks benefit from the drop in the spread, after yesterday's surge and are in money with the exception of Carige, -5,33% (0,0071 euro per share, at historic lows). The yield of the 10-year BTP stops at 2,89% and the differential with the Bund drops to 234.50 basis points, -2,78%, in the expectation that the government will find a mediation between things to do and resources, in order to keep the deficit/GDP ratio below the 2% threshold.
The solution to the puzzle should arrive by Thursday, with the publication of the Def update note, but in the meantime the market seems to have some confidence, also given the falling yields on the primary in the morning, when the Treasury placed Ctz 1,75 billion two-year bonds at 0,715% and assigned one billion BTPs indexed to inflation, with a yield of 1,65%.
The other European lists are far behind: Frankfurt +0,19%, Paris +0,05%, Madrid -0,2%, London +0,65%, Zurich +0,86%. Wall Street is trading in slightly positive territory after a well-tuned open. Oil companies and banks rose, the latter driven by the possibility that tomorrow, at the end of the two-day meeting, the Federal Reserve will raise rates for the third time, by 25 basis points. The press release is awaited to understand if there will be room for a new tightening in December. The yield on ten-year T-bonds also rose in view of the central bank and during the session it reached its highest level since July 2011, at 3,1%.
Facebook is in decline and suffers the farewell of the two founders of Instagram, the image sharing app bought in 2012 for 1 billion dollars and considered the jewel of the group led by Mark Zuckerberg. Kors remains weak, after the confirmation of the purchase of Versace for 1,83 billion dollars.
The euro continues tonic against the dollar, in the 1,177 area. Instead, the Argentine peso sank, -4,17% against the greenback, on the day of the general strike and after the announcement of the resignation of the governor of the Central Bank, Luis Caputo. A note from the institute specifies that there are personal reasons behind the farewell and there remains "the belief that the new agreement with the International Monetary Fund will restore confidence in the country's fiscal, financial, monetary and exchange rate situation".
Among raw materials, the race for oil did not stop, with Brent at 80,92 dollars a barrel, +1,05%. A leap that also pushes the oil stocks of Piazza Affari: Tenaris +5,52%, Saipem +5,34%, Eni +2,43%. Among the financial stocks, the best are Banca Generali +3,22% and Intesa +3,05%.
Mediaset earns a place among the top titles, on the day in which Silvio Berlusconi closes the deal for the purchase of Monza. According to Radiocor Fininvest will take over the football team holding (which holds 41% of Mediaset), owned by Berlusconi's five children and controlled by the patron with 65%. Leonardo did well, +2,39%, after the announcement during the night that the US Air Force chose the MH-139 helicopter, based on the Agusta AW139, for the protection of missile bases and the transport of government personnel and special forces . The MH-139 program, offered by Boeing as prime contractor, is valued at approximately $2,4 billion.
Flat Atlanta, while the MIT inspection commission, in the report on the collapse of the Genoa bridge, writes that the measures adopted by Autostrade for prevention "were inappropriate and insufficient given the seriousness of the problem".
Prysmian down -1,38%; Brembo -0,77%; Telecom -0,46%; Pirelli -0,25%; Cnh -0,24%. Off the main list, the rally of Bialetti Industrie continues, +11,29%, while Momed collapses -8,97%, after the resignation of the president-founder Claudio Bordignon and the announcement of a capital increase without option rights. Bad Caltagirone, -6,6%.
