Piazza Affari closes today with a rise of 1,93% an effervescent session, animated by banks and from the resumption of speculation on the birth of a third pole in the sector. In particular Ps (+11,6%) is at the centre of the scene after the outcome of the Last night's placement of the third tranche of 15% by the Treasury, with Bpm bank (3,05%) among the main buyers. Milan is so queen in Europe and purchases on this also contributed to this Telecom Italy (+ 8,15%), strong after the quarterly report and the words of CEO Antonio Labriola, according to which there is the possibility that thecompany starts distributing dividends again. The rally in the Milanese square also fits into a day of redemption throughout the euro zone, with Frankfurt up 1,52%, Paris + 1,32% Madrid + 1,26% Amsterdam +1,33. Outside the block it is more cautious London +0,49% and overseas it also appears today Nervous Wall Street, after the euphoria of last week, triggered by Donald Trump's victory in the presidential elections.
Wall Street Slightly Lower Ahead of Powell
The main three New York indices are slightly down, as investors weigh fresh inflation data. producer prices last month were in line with expectations, but still up to 2,4% (from 1,9% in September). A similar trend to that seen yesterday for consumer prices and which also made increasing the chances of a new rate cut of 0,25% at the Federal Reserve meeting in December. In fact, according to the FedWatch Tool of the Cme Group, the chances of this cut are now at 79,3% against 58,7% two days ago. And yet the T Bond they are not celebrating and are still seeing high rates, with the 4,436-year bond above XNUMX% in the perspective that the policies of the White House, when Trump takes office, could restart the price race. More clarifications on monetary policy could come this evening from a speech in Dallas by the chairman of the Federal Reserve Jerome Powell.
Meanwhile, the rate-sensitive 'growth' megacaps, Tesla e A, yield 3,4% and 1,1% respectively. The sEttore Real Estate records a decrease of 0,4%.
Tapestry jumps 11% after hitting its highest since early 2014. It said it would abort the $8,5 billion deal to Capri Holdings (-2,1%) after the deal was blocked by a US judge.
Dollar hits one-year highs
THEwaiting for new duties, the crackdown on immigration , deregulation Trump's promises hold true dollar at all-time highs for a year against the major currencies, in the expectation that inflation will pick up again and that it will be more difficult to cut the cost of money.
The greenback has surpassed 156 yen for the first time since July, although it has now slowed its pace and is little changed below the 156 threshold. The euro is also recovering, with a cross at 1,057 (+0,11%) after flattening at 1,05.
Il bitcoin reverses course even though it touched $93.480 overnight. The digital currency is currently trading at $87.914,07.
Despite the super dollar weakening the raw material, oil futures are currently up about 0,85%. December WTI is priced around $69 a barrel, while January 2025 Brent is at 72,89%.
Piazza Affari, banks at the centre of the scene
The small Piazza Affari was a major protagonist today, especially with banking stocks, which allowed the Ftse MIb to rise to 34.358 basis points.
An Italian consortium formed by Banco Bpm entered the capital of MPS, the oldest bank in the world, yesterday in tandem with Anima, which now boast an aggregate share of nearly 9%. To this must be added 3,5% of the Caltagirone group, which is a shareholder of the Bank and the asset manager, while another 3,5% went to Delfin, holding company of the Del Vecchio heirs.
The move prompts speculation about involvement in a possible risk, by Popolare di Sondrio +4,69% and Bper +1,4%.
Among the best stocks of the day are also Unicredit +2,85% and Understanding + 2,14%.
In other sectors it has put the turbo on Telecom, with a view to returning to the dividend. Thanks to the sale of the network to the Kkr fund, the company has more than halved its debt (from 25,6 to 10,9 billion), although Vivendi's lawsuit is still pending on this point.
The catapult effect Interpump in the highest positions of the list and after a slow start and a 3,77% increase.
Well the utilities with A2a + 3,73 e Hera +2,81% In luxury it raises its head again Moncler +3,05%. The title also looks to theBurberry surge (+17,51%) in London, with the market promoting the new plan and leaving the quarterly report behind. Speculations also continue about the Italian company's interest in its English rival.
The industrial sector suffers with Iveco -2,51% and Leonardo -0,79%. They also retreat Diasorin -1,96% and nexi -0,36%.
Spreads down
It's also going down today spread between BTPs and Bunds of ten-year duration at 121 basis points, while rates retreat. The Italian bond is indicated at closing at 3,54%.
