All mad about Fiat, +5,45%, and Piazza Affari toasts, closing up 0,87%, 21.858 points, best place in Europe, ahead of Frankfurt +0,72%, Paris +0,74%, Madrid +0,34% and London +0,11%.
The automaker today receives the promotion of S&P, going from stable to positive, with a BB rating and stands out on almost all the lists, from Milan to London to New York, although US sales, in August, were down by 11% compared at the same period in 2016. Bank stocks also had another positive session, while Telecom touches the bottom of the basket, -1,18%.
Wall Street opens in tune and the Dow Jones is back above 22.000 points for a few minutes, despite the fact that the employment figure has disappointed expectations: in August, American companies created jobs at slowest pace in three monthsi, while the unemployment rate unexpectedly rose to 4,4% (from 4,3%) and hourly wages show no inflationary pressure. On the other hand, there was the leap, to the highest since six years, in the manufacturing ISM in August, which testifies that US industry continues to travel at full capacity. A picture that could influence the choices of the Fed and the possible rate hike. According to Fed Funds futures, the odds of a hike today are at 36% versus 42% prior to the report.
The euro loses slightly share against the dollar and the exchange rate is back below 1,19. Oil also reverses course again, after yesterday's brief awakening: Wti about 47 dollars a barrel. Instead, gold shines, around 1330 dollars an ounce.
Stable for bonds, with the Italian 2,08-year yield at 169% and the spread with the German Bund at XNUMX basis points.
Returning to Piazza Affari, the entire Agnelli stable travels supported together with FCA, comforted today also by a plus sign from Ferrari, +1,2%.
The banks did well, Ubi +1,75%, Bper +1,35%; Unicredit +1,23%; Bench Bpm +1,32%; Understanding +0,21%. The Unipol galaxy (+0,83% and Unipolsai +1,68%) also recovered. Italgas dusting: +1,22%.
The purchases also flow to Eni. +1,06%, while on Saipem -1,03%, profit-taking prevails after yesterday's rally. In fashion Moncler affirms itself +1,3%, while Ynap loses 1,09%. Mediaset, -0,77%, continues the decline that began on 23 August after the news that the shares will exit the Stoxx600 index from 18 September. Telecom does not raise its head after a black August and in the absence of news, in a market that awaits developments on the possibility of selling the network. Vivendi, brilliant in Paris (+5,21%), reiterated what it claims in the financial statements, namely that it does not exercise control over Tim.
Leap of Caltagirone Editore +9,63%, with the market betting on an increase in the price of the takeover bid offered by the Caltagirone family to withdraw the company from the list. The flare-up, according to the operators, would be linked to the rumors, reported by "La Repubblica" about a possible move by investment funds, starting with Amber (owner of more than 5% of the company) to derail the attempt of delisting.
