I European stocks close positive the last session of the week (which is also the last of the month), encouraged in the afternoon by theWall Street starts off in tune. November, however, was a month lacking in satisfaction for the stock markets of the Old Continent, while the New York Stock Exchange is on its way to archiving a stellar period, under the banner of the promises of the president-elect Donald Trump. Promises, such as those on duties, which instead have had and still have a depressing effect for European markets. The Eurozone is also struggling with the fragile political situation of two mainstays of the region such as Germany and France, with the latter having recently recorded strong tensions on government bonds.
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Europe on the rise
Business Square, busy with the various dossiers opened by big companies present on the Ftse Mib, closes up 0,46%, in a context of thin volumes that has increased volatility across Europe, where Frankfurt scores +1,14%, Paris + 0,78% Amsterdam + 0,59% Madrid + 0,19% London + 0,06%.
The November flash estimate of inflation in the US did not raise much spirits this morning.single currency area (+2,3%), in line with expectations (+2,4%), but growing (in October it was +2% and September +1,7%) and therefore not very useful in clarifying whether and to what extent the ECB will cut rates at its December 12 meeting.
Wall Street toned on Black Friday
Overseas New York indices move buoyantly, a few hours before the end of trading which will end at 13pm (19pm Italian time) thethis Black Friday, semi-holiday – yesterday Wall Street remained still for Thanksgiving – which could tell a lot about the desire of Americans to still spend.
At the moment it looks like November will be the best month of the year Wall Street.
Yen surges
On the foreign exchange market theeuro-dollar is little moved and is around 1,055, while it highlights the yen, which hit a six-week high against the greenback, on expectations of a rate hike by the BoJ after a stronger-than-expected reading on Japanese inflation. At the moment the exchange rate is 150,18Investors are also protecting themselves from uncertainty with the Japanese currency, on days when gold is also regaining its luster.
The day is also going well for the bitcoin, which is trading above 98.300 thousand dollars, not far from the all-time high of 99.830 recently touched. Digital currencies are experiencing a happy season, in the forecast that Trump to offer support to the sector. Meanwhile today the cryptocurrency entrepreneur Justin Sun he decided to eat the banana glued to a wall with duct tape, paid $6,2 million at a Sotheby's auction last week. “The real value is the concept itself,” Sun explained during an event in Hong Kong to consume, in front of the cameras, the famous banana, paid for in virtual currency.
Among Oil is appreciated as a material, but about to close a negative month: Texan crude is trading just below 70 dollars; Brent around 73,15 dollars a barrel.
Piazza Affari, banks in focus
The biggest increases of the day on Piazza Affari concern stm +2,15% and Amplifon +2,26%, but the banks remain in focus, with Unicredit (+0,46%) which has disrupted the games by launching an OPS in the last few days on Bpm bank (+0,78%) which sent the offer back to the sender. Now the market is betting on a relaunch and in the meantime the CEO Andrea Orcell would have planned a meeting with the management of Credit Agricole, the main shareholder of Piazza Meda with a stake of more than 9%.
The liveliest banking stock remains Ps +1,87%, which in any case thinks it will emerge victorious from the various battles underway.
Among insurance stocks, purchases also returned today on Unipol +1,6%, while it is flat Generali -0,07%, at the centre of another game on which the Sun 24 hours, the one up an agreement with Natixis asset management.
However, the most robust shareholder of the Trieste Lion is suffering, Mediobanca -1,18%. It also falls today Team -1,47%.
Weakness does not abandon luxury stocks, with Moncler (-0,77%), while the automotive sector, another sector targeted by duties, finds new momentum with stellantis +1,51% and Pirelli + 0,9%.
Among the biggest declines of the day Getting very, -0,38%, which is set to give way to Buzzi (-0,25%) on the main index next month.
Spreads down
It's still getting narrower spread between BTPs and Bunds, both with a ten-year duration: 119 basis points (-2,13%), with a sharply decreasing yield. For the Italian bond it is 3,27%.
