Sale Piazza Affari at the end of a risky day. The index Ftse Eb, slipped to a minimum of 19.037 points after the publication (not appreciated by Brussels) of the letter from EU Commissioner Jyrki Katainen criticizing the stability law, gradually recovered ground to close at 19.434, with an increase of 0,88% .
Even brighter Paris (+ 1,25%) and Frankfurt (+1,19%). They follow, always in positive ground, Madrid (+ 0,79%) and London (+0,29%). Upside air also inside Use: S&P 500 +1,49%, Dow Jones +1,53%, Nasdaq even +1,70%.
Why this turnaround? At the origin, there is finally an injection of good news. In the morning, better than expected indications arrived from the European manufacturing industry: the PMI Markit index, thanks to the German figure, rose to 50,7 from 50,3 in September while a drop was expected.
In the afternoon, optimism was boosted by a surge in US quarterly earnings over estimates. Caterpillar raised its profit forecasts for 2014 thanks to the growing demand for construction site vehicles. It also benefits from it Cnh Industrial (+ 2%).
The positive accounts of Gm (+2%) push instead Fiat Chrysler (+1,2%). CNH Industrial gains 2%. 3M and Comcast also closed the quarter with above-expected earnings. Good news also from the economic situation: applications for unemployment benefits are down, while the September super-index fly beyond forecasts.
The positive news from the real economy favored the recovery of oil prices: the future of Brent oil rose by 2% to 86,5 dollars a barrel.
They go up Eni e Tenaris (+1%). Saipem advances by 2% after the number one of the Russian Rosneft said he wants to step forward when the formal sale process is open. Excellent performance among oil equipment also for Trevi (+ 5%).
The currency and bond markets were little moved, the ten-year yield is 2,51%. The Italian Treasury raised the coupon of the new bond by 10 basis points, from 1,15% to 1,25%. BTP Italy October 2020, whose total amount, at the end of the morning of subscription reserved for institutional investors, whose requests have been fully accepted, is equal to 7,506 billion euros.
In the basket of blue chips of Piazza Affari the leading position is occupied by a World Duty Free (+5,7%). Among the banks, on the eve of the vote for the European exams, Unicredit rose by 1,5% in view of the exclusivity to Prelios-Fortress for Uccmb, the bank within the group that deals with non-performing and non-performing loans.
As for the banks, Understanding + 1% MontePaschi -0,9% Where's Banca + 1 e Banca Popolare di Milano +3%. Among the insurance companies, Generali +1,2% and Catholic +1,2%. Continue the march of Finmeccanica (+2%), now in its sixth consecutive increase. Telecom Italy + 1,6%. Mediaset + 0,5%.
