The blond devil is less ugly than the markets believed yesterday: Wall Street welcomes the new president Donald Trump with the three main stock markets in positive territory and the European markets follow suit after a nervous morning. The closure is in no particular order: Madrid -0,40%, Milan -0,10%, Frankfurt advances by 1,56%, Paris by 1,49%, London by 1%.
The Ftse Eb is also multicolor. Red marks a part of the bankers, especially the popular awaiting weddings: Banco Popolare at -3,75%, after one quarterly which shows a net loss of 332 million and forecasts for the two-year period 2017-2018 not positive; Bpm -3,86%. Monte dei Paschi contains losses, -0,67%; down Ubi Banca -2,16.
Mediaset -3,80%, Enel -2,38% and the Italian-American group Fiat Chrysler Automobiles -2,26% are stationed in the dark red zone. The oil companies are divided: Snam -4,48% and Eni -0,39% down; on the other hand Saipem +5,74% and Tenaris +6,51%. The worst stock of the day is Italgas: -6,93%.
Hope turns green companies that could benefit from the choices of the new president: flywheel Buzzi Unicem in the construction sector (+7,99%) driven by expectations for new business opportunities in the USA; Cnh industrial +5,65%.; Leonardo Finmeccanica is running (+7,61%), given that Trump claims he wants to increase investments in defense, Recordati rises by 4,34% with pharmaceuticals after the recent declines with Hillary Clinton who had promised to control drug prices.
With the tycoon, on paper, the infrastructures have good expectations (today Salini Impregilo is among the most exuberant stocks and reaches +7,70%); sectors such as pharmaceuticals and defence, unlike those with interests in Mexico, such as Fiat and Brembo (-2,9%).
In fact, the main Mexican list at the opening leaves 2,47% on the ground, fearing Trump's protectionist positions and attacks on NAFTA, the free trade agreement signed in 1992 between the USA, Canada and Mexico.
In the middle of the session, the big names in pharmaceuticals, such as Pfizer (+5,17%) and financial companies are well bought on the US price lists.
Dollar definitely strengthening against the euro and emerging currencies. The dollar index is back above 98 points, the highest since the end of October, while the euro/dollar ratio, which this morning had gone up to 1,13, slips below the 1,10 level to 1,0933, the lowest since November 9st. Mexican peso rolled (-XNUMX%), the greenback recovered more than 2% against the South African rand and against the South Korean won while losing ground against the yen (at 104,54 yen to the dollar) and the pound (at 1,2438 dollars to the pound). Brent -0,91%; gold +1.02%. The ten-year spread between BTPs and Bunds widens by 0,84% to 156 basis points.
From the European side: Brussels lowers growth estimates for Italy: +0.7 this year (the estimate was 1,1%) and +0,9 in 2017 (against 1,3% expected). The Italian government expects an increase of 0,8% this year and 1% in 2017.
Among today's local quarterly we mention: RCS which closes the first nine months with a net loss of 17,4 million (126,4 million in 2015) on revenues down 4,5% to 709,4 million: all better than expected, 2016 targets confirmed; theThe Hera group reports revenues down by 4,4% to 3,1 billion euro, EBITDA up to 650,6 million (+1,6%), net profit to 151,8 million, up 12,5%, while net profit for shareholders stood at 142,2, 13,8 million (+2.567%), the net financial position improves to 2.652 million compared to 2015 million at the end of XNUMX.
