(Il Sole 24 Ore Radiocor) – After the good performance of the last sessions, the European stock exchanges they travel up on the last trading day before the Christmas break, during which most of the international markets will either remain closed or will only be open half a day. Investors are carrying out small-scale operations in view of the year-end balance sheet, which will be drawn up next week and which looks generous (the Ftse Mib has gained about 21% to date). In fact, trading volumes are also low. Thus, they are all on the rise FTSE MIB of Milan, on CAC 40 of Paris, on DAX 40 in Frankfurt, theIBEX 35 of Madrid, after the rise in GDP (+ 2.6% on the second quarter and + 3.4% on the year) andAEX of Amsterdam. London is a little weaker, penalized by fears of infections from Covid-19 which have now exceeded the threshold of 100,000 units.
The focus remains on the spread of the pandemic and on the restrictions that countries are introducing to fight the virus. New measures will also be announced in Italy after the meeting of the control room. On the other hand, a Scottish study carried out on about 5 million infected, highlighted that the Omicron variant, although more contagious than the Delta, is less dangerous and causes fewer hospitalizations.
Wall Street futures up, eyes on macro data
Wall Street futures up, after a positive day, after the publication of the third reading of the GDP, better than expected: in the third quarter the economy grew by 2.3% and not 2.1% as indicated previously. The day is full of macro data: in the United States, in addition to unemployment benefits, the trend in Americans’ incomes and inflation calculated on purchases will be announced.
In Milan again focus on Tim, attention for Cnh Industrial
At Piazza Affari the focus remains on Telecom, even after the words of the premier, Mario Draghi. Nexi in the spotlight, after having communicated that it has received from Consob the authorization to publish the prospectus relating to its shares that will be issued to service the merger by incorporation of Sia. Furthermore, waiting for the extraordinary meeting of Industrial Name which should give the green light to the split of Iveco. Salt also Pirelli, in scia a Continental which marks one of the best performances in Frankfurt. The number one of Pirelli’s German competitor Nikolai Setzer indicated that 2021 could end with a profit margin at the high end of the outlook. After the good performance of the eve, it goes up again Leonardo. They beat the slack Diasorin e Recordati.
Stable spread above 130 points
Negative trend for the sector of government bonds traded on the electronic secondary Mts. The trend affects all sovereigns in the eurozone and so spread between ten-year BTPs and Bunds of the same duration, it is stable at the levels of Wednesday’s final. The yield differential between the ten-year Italian benchmark (IT0005436693) and the same German maturity is indicated at 133 basis points, the same level as the previous closing. The yield level of the benchmark ten-year BTp is also confirmed at 1.05%, unchanged compared to the previous year.
