US EMPLOYMENT STARTS AGAIN, FIAT ENGAGES IN THE SIXTH
BUSINESS PLACE GALLOPS, DOW JONES TOWARDS NEW RECORDS
Positive signals multiply, le Bags they react.
In Milan the index FtseMib it rises by 1,7% to 16.217 with gains spread across the entire list, good for the banks.
In Europe the Paris Stock Exchange up 1,21%, London +0,6% Frankfurt up 0,83%. Madrid is the best and earns 2,07%.
On the government bond market Btp to 10 years returns 4,51% (-7 basis points) and Bono 4,73% (-14 basis points).
Many bullish notes:
1) In February, 236.000 new jobs were created in the US, 79.000 more than January and well beyond expectations (165.000). In the private sector, the net change is positive for 246.000 jobs (expected at 170.000). Unemployment in the United States thus falls to 7,7% from 7,9%, returning to 2008 levels. There are all the ingredients for a new record.
2) European stocks are up after the spread of data on German industrial dynamics: Germany's industrial production unchanged in January, economists were expecting a 0,4% increase.
3) The Chinese exports rose by 21% in February from +25% in January, the increase almost three times higher than expected. Japan's economy returned to growth in the 4th quarter, GDP rose by 0,2% from -0,4% in the third quarter.
In Piazza Affari the banks are highlighted.
Unicredit rises by 3,69%: the bank is evaluating the possibility of launching a buyback plan on the cashed bonds issued in 2009 as part of the capital strengthening plan.
Intesa +1,1%, Mediobanca +3,6%, Banco Popolare +3,13%, Banca Popolare di Milano 2,2%.
Among the asset management companies: Azimuth loses 0,15%, Mediolanum +2,4%, leap of Banca Generali which rises by 4,5% after announcing 2012 results.
Generali salt by 2%. Unipol advances by 2,6%.
They run i industrial titles. StM +1.%, Finmeccanica +5,33%. Fiat literally explodes +11,11% Brembo is up 4,4%, a new high in the last 12 months.
Sharp rise of Erg which rose by 6,8% after announcing better than expected results and good growth prospects for 2013. In luxury, new historic record for Brunello Cucinelli +2,8%. Tod's +1,4%, Ferragamo +1%.
Telecom Italy it advanced by 3,69% in the wake of the general rise in the telecommunications sector in Europe.
They lose altitude only Rest –3,05%, Campari -1,45% and Diasorin -4,9%.
Atlantia and Gemina are suspended pending a press release.
