WALL STREET STOPS AFTER RECORD, CHINA NO
THE ECB GIVES OFF THE CHARGE TO THE ITALIAN BANKS
Continue the Hong Kong rally +0,4% driven by the H sector +1,9%, which includes securities from Greater China. International investors are buying, determined to ride the reforms announced by the third plenum of the Parito. After the oda in children's stocks, this morning it was the crash in insurance: China Life advanced by 5,2% after Citicorp judged it one of the great beneficiaries of the reform.
Mark the pace Tokyoessentially balanced.
Wall Street closed the day of records on the back foot: the Dow Jones +0,09% to 15.975,38, S&P 500 – 0,46% to 1.792. Nasdaq down 0,93% to 3.949,07.
A bull like this scares even the most experienced bullfighters. Carl Icahn, the prince of raiders, speaking at the Reuters meeting, said he was "very, very cautious" about the future of Wall Street, supported only by monetary stimulus rather than profits. Icahn's words helped to calm the hot spirits, bringing the S&P 500 back below 1.800 3 the Dow Jones below 16.000 points. But the psychological threshold has been broken. Now, to complete the picture, all that is missing is the Nasdaq: when will the technological stock market manage to overcome the 4.000-point barrier?
Today October retail sales data they will provide us with clues about the momentum with which American consumption is approaching the Christmas season. The data is even more relevant in light of the inventories of goods accumulated by companies in the third quarter, which added 0.8% to GDP.
Completing the picture of Wall Street's euphoria is the recovery of the media star market: Maria Bartiromo, the face of CNBC for twenty years is about to switch to Fox economy.
On positive ground the European lists. The stock exchanges of Paris and Frankfurt rose by 0,6%. London advances by 0,4%.
Business Square closes the first session of the week with a sharp rise, by far the best stock exchange in Europe. The FtseMib index rose 2,2% reflecting a situation of widespread earnings across the index.
On the market for government bonds the 10-year BTP is traded at a yield of 4,06%, the spread unchanged at 237.
BANKS, NOW STRESS TESTS ARE LESS SCARY
The purchases on the Italian stock market were driven the statements of Yves Mersch, a member of the Executive Committee of the European Central Bank, who said that in the tests that the ECB is preparing to conduct on the quality of bank assets, government bonds will be weighted with zero risk.
Le Italian banks, who have bloated BTP wallets, dominated the scene: Unicredit rose by 3,2%, Intesa +3%, Mount Paschi + 0,5%. Banca Popolare di Milano advanced by 3,1%, Ubi + 3,5%. Banco Popolare it rallied 6,1% after the sale of the insurance company Eurovita. Banca Popolare di Milano it advanced by 3,1%. Fitch cut the institution's rating to junk level. The outlook is negative, in line with the same outlook on the Italian sovereign rating, explains Fitch.
Mediolanum rose by 3,4%, net of today's ex-dividend of 10 cents. Azimut +0,7%, Banca Generali +1,6%.
Among the insurance Generali gained 2,2% and Fondiaria Sai rose by 2,1% on the new high for the year at 1,984 euro. New maximum for the period (since July 2010) also for Cattolica Ass. +1,4%.
Among the industrialists, Fiat + 3,3% StM + 2,7% Finmeccanica + 4,7% Pirelli + 2%.
Solo Ansaldo Sts -0,4% closed in negative ground.
Telecom Italy marks an increase of 1,1%: in view of the meeting on 20 December, Marco Fossati's Findim has announced that it will vote in favor of the list of directors proposed by Assogestioni.
PRIVATIZATIONS: ENI, SNAM AND TERNA IN FERMENT
The stable of the securities controlled by the Treasury. The government's privatization plan should be announced during the week, which should include the sale of shares in Terna +0,51%, Snam (the Ministry of the Economy holds 8,537% and the CDP 30%), and Eni (the Ministry of the Economy holds 3,934% while CDP holds 26,369%). In the case of Terna (29,99% controlled by the CDP) the government would have to cede only 4,9%.
Eni it rose by 1,8%: according to a spokesman for the Libyan National Oil Company, between yesterday and today Libyan gas exports to Italy would have resumed.
Snam gained 2,1%, Société Générale raised the target price to 4,14 euro, confirming the buy opinion.
Sharp rise of Saipem +4,4%: Norwegian Seadrill would be interested in taking over the offshore drilling business.
Among the utilities Enel + 2,3%. A2A +2,7%.
YOOX SALE WITH BRIONI, FOOTBALL SUPERSTAR
World Duty Free rose by 3%.
Among the luxury stocks, Tod’s gained 1,7%, Ferragamo +2%, Luxottica +2,4%, Safilo +5,7%.
New all-time high for Yoox +5% after the announcement that the Brioni brand will also enter into the joint venture with the French holding Kering to sell luxury clothing and accessories online.
Sorin, last night the syndicate agreement of 35,7395% that linked Mittel, Equinox Banca Mps expired. Two-digit leap for football teams out of the main basket: Ss Lazio +25,9%, As Roma +24,71% , Juventus +11,24% on the day it met with the Serie A professional national league to discuss the issue of television rights.
