The push from yesterday's umpteenth record on Wall Street resists in the middle of the session. The European squares march in positive territory awaiting various macro data arriving from the USA, above all the GDP. Milan slowed down slightly compared to the session highs and rose by 0,36%, Madrid +0,22%, Paris +0,62%, Frankfurt +0,16% and London +0,42%, despite the GDP of the Britain released today grew in the third quarter by 0,7% over the previous quarter and 2,6% over the same quarter in 2013, a revised figure from the preliminary estimate, up 3 percent.
In Greece, the second round of presidential elections also resulted in black smoke. Government candidate Stavros Dimas, 73, a member of Prime Minister Antonis Samaras' Nea Dimokratia and former European Commissioner, obtained only 168 yeses out of the 200 he needed to be elected. The Btp-Bund spread is stable at 134 bas points. The Treasury, according to the Guidelines on the management of public debt for 2015, thanks to the drop in interest rates this year was able to finance itself with government bond issues at a weighted average cost of 1,35% "an all-time low". Furthermore, in 2015 the Treasury undertakes to guarantee at least one issue of BTP Italia dedicated to retail investors, "identified according to the scheme introduced in the last two issues".
Tokyo was closed today due to Emperor Akihito's birthday, a national holiday in Japan. Asia recorded a lower session for the Hong Kong stocks, in the wake of the other Chinese markets and for the realizations after the gains of the previous sessions. The Hang Seng Composite Index dropped 0,32% to close and Shanghai finished down 3% to settle.
Now the market is looking at the data arriving in the afternoon from the USA: at 14.30 pm the third and final estimate of GDP for the third quarter and the orders for durable goods are expected; various data will follow, including the house price index, December University of Michigan consumer confidence, November income and consumption, new home sales.
In Piazza Affari, luxury and two-speed banks. Sale Ferragamo +2,57%, followed by Wdf +1,69%, Bper +1,59%, Buzzi Unicem +1,55%. Mps +1,38% is also highlighted, making a small rebound after yesterday's crash when it lost almost 7% on fears of new maxi-provisions during the fourth quarter. At the bottom of the Ftse Mib Yoox -0,82%, Prysmian -0,6%, Bpm -0,37%, Finmeccanica -0,26% and Intesa Sanpaolo -0,24%.
Among the minor stocks Seat rebounds +54% after yesterday recording a drop of 89%. The title moves marked by volatility after the maxi-issue of new shares was completed yesterday (6400 trillion shares) which led to a reverse stock split of 1 share every 100.
