The optimism on tariffs warms up the price lists again, enlivened also by a series of acquisitions in progress, starting from Lvmh what si eat Tiffany in one giant mouthful worth $16,2 billion. Business Square closes up by 0,84% and rises to 23.454 points, driven by luxury stocks such as Moncler +2,41%, but above all driven by Prysmian, +4,92% and Unicredit +2,89%. The first celebrates the completion of thework on the Western Link power line between Scotland, England and Wales. While the second, rewarded by Credit Suisse, which raised its target to 14,6 euros, in view of the industrial plan of December 3, seems close to leaving Turkey. In fact, the bank confirms that it is working to redefine its presence in the country, even if there are still no agreements to sell shares in the joint venture in KFS. In the sector it shines Ubi +1,88%. In well managed savings Finecobank +2,31% and Azimuth +1,78%. They go up stm, +1,89%; fca +1,75%; Pirelli +1,85%; Ferrari + 1,51%.
On the other hand, securities linked to motorways are bad. Among the big caps Atlantia he is in the black jersey, -1,3%, while the 5Stelle leader Luigi Di Maio reiterates: the concession to Autostrade must be revoked and national monitoring must be started. Out of the main price list it yields Asthma, -2,57%, holding controlled by the Gavio group, after the collapse of the viaduct on the A6 under concession to Autostrada dei Fiori.
The session is positive for bondholders: lo spread between the ten-year Italian and German bonds it drops to 150 basis points (-2,36%) and the yield of the BTP drops to 1,15%.
In the rest of Europe: London, +0,93%, seems to be approaching the December 12 elections with great exuberance, hoping to finally put a stop to Brexit; Frankfurt +0,61%, supported by the Ifo index on business confidence, up in November to 95 points, against 94,7 points in October; Madrid, +0,68%; Paris, +0,54%, with lvmh, + 2%.
At New York Tiffany it currently earns about 6%. Uber, giant of taxis, limits damage to 1,5% after having lost his license in London. Eyes also on the pharmaceutical sector, where the Swiss giant Novartis announced a deal to buy the Americana The Medicines Company. Price: $85 per share in cash, for an overall valuation of the company which close to $10 billion (9,7). Wall Street it is overall well tuned, but it is above all the Nasdaq that is the driving force with growth exceeding one percentage point.
Commodities do not participate in the party: thegold is down to 1464,25 dollars an ounce (-0,4%), while Brent falls by 0,34% to 62,16 dollars a barrel.
THEeuro suffers: the exchange rate with the dollar falls to 1,1008, that with the pound falls to 0,8545.
