The european markets are confirmed optimistic in the aftermath of the election, to the surprise of Donald Trump as the 45th president of the United States, that has not scared the markets as it was feared. In the wake of the rise of Wall Street the day before and the bounce of Tokyo, has more than recovered from heavy losses yesterday, are all on the rise in the Bags of the Old Continent, with the markets that you focus on the possible positive aspects of the new course of the Usa presidency. Analysts emphasize today the positive impact of the first speech of the new president of the Usa, that has reassured the desire to be the “president of all” and want to pacify the Country deeply divided. Investors bet on the new economic policy, with promises of reduction of fiscal pressure, an increase in public spending for infrastructure and higher inflation, even if the mode of realization of the recipe-the Trump are yet to be defined. Meanwhile, the rating agency Standard & Poor’s has confirmed the judgement of the United States. On the rise In the index futures on the Usa.
Trump tip on a great plan of infrastructure spending
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Banks and commodities rally across Europe
Procurement on the european stock, with the banks in a big sweep after the weakness of eve and the titles of the raw materials still in the light. All on the rise in the indexes of the Old Continent (follow the progress here) with the FTSE MIBin evidence, driven by banks, over the threshold of 17 thousand points. Purchases continue to reward the mining sector (here, sector indexes in europe on expectations of higher demand tied to the plan of infrastructure investments that Trump is going to face. To facilitate the purchases on the stock, also some of quarterly best’s expectations, as the French Vivendi and the German Siemens. In Milan, where the weight of bank securities on the main board is predominant, purchases reward Tour Popolaree Bpm, which mark the best performance. In the strong rise of the Unicredit on the day of the board of directors that approved the quarterly, with a decline of 11.8% in net profit in the th ird quarter to 447 million euros, below expectations. In addition to banks, purchases reward Yoox Net-A-Porter Group after the data in line with the expectations, which bode well for the future and Fiat Chrysler Automobiles penalized with the entire auto sector in the sitting of the eve. After a start in light breeze-General has taken the path of the rise: this morning announced that the quarterly data is substantially in line with the expectations of the market. Still weak in Italgas after the heavy performance of yesterday with a -6,93%. Red also A2a in the day of accounts.
Standard&Poor’s confirms the credit rating of the United States
Standard&Poor’s confirms sovereign rating to ‘AA+/A-1+’ of the United States after the outcome of the presidential elections with the victory of Donald Trump, and keeps the outlook “stable”. According to S&P, “the strength of the institutional long-standing, and the system of checks and balances of the United States will support the execution policy in the administration Trump, despite the lack of experience of the president elected in public positions, which increases the uncertainty about policy proposals”. The agency also adds that the high level of federal debt and the increased uncertainty on its trajectory representing a limit for the rating of the first world economy.
In the rise in the yields on european government bonds, Btps to the highest in a year
a Strong rise in yields on government securities traded on the secondary telematics, mid-session. BTp are indicated over the 1.8% to the highest since September of last year. It is especially the Bund, to lose ground with a return of the ten-strong increase. After the Us elections the expectations for a rise in U.s. rates already in December we are strengthened by pushing the current sales. The yield differential between ten-year Italian and the equivalent maturity German is 156 points on the levels of the end of the vigil.
The Treasury allocates 6 billion month treasury bills, the yield in the climb
Performance is slightly higher for the BoT annual awarded today at the auction by the Treasury. In placing today’s the Good annual has popped up a return on the gross annual equal to -0,217%, an increase of 2 basis points compared to the auction of the previous month. Demand remained on a good level, amounting to 10,53 billion euros compared to 6 billion offered and fully allocated by the Treasury. The settlement date of the auction falls on November 14th.
in General, net income in the nine months, a decrease of 5.9%. Awards at the altitude of 52 billion
Dollar is still strong, the yuan touches lowest value since 2010
After the high volatility of the vigil on the currency market with the dollar, which, after the weakness of the night, has recovered in a measure, marked in the course of the day. the euro/dollar exchange rate seems to have stabilised below the level of 1.10 (follow here the performance of the dollar against the main currencies and the euro). The analysts of Unicredit, however, advise caution against excessive optimism. “The elections in the Usa – write a report – have shown a deep division among americans, and it will not be easy to reunify the nation, as promised by Trump in his speech yesterday. Policies such as the reduction of fiscal pressure that would benefit the rich classes, may widen these divisions.” In addition, they point out, the uncertainty remains high. The markets will then focus on the discourses of Trump and the staff will surround the new president and “t hese details will be critical to the outlook of medium-to-long term the Us economy and the dollar”. This night the sharp depreciation for the yuan against the dollar, has touched new lows since 2010, on concerns for the relations between China and the United States, after the statements of Trump.
The surprise Trump inflames the metal “wrong” way: running is not gold, but copper
Oil up, waiting for the meeting of the Opec
the crude oil Prices on the rise, even though investors remain cautious in view of the Opec meeting on the 30th of November, which must decide on production cuts (follow here the trend of Brent and Wti in real time). In its monthly report, the International Energy Agency has pointed out that “if you do not reach any agreement, and some members continue to expand production, the market would remain in surplus throughout the year, with few chances for crude prices to go back”. If the surplus remains even in 2017, the prices could still go down. In the meantime, rise in the prices of metals (here, the trend of gold), that support the stocks of the companies of the raw materials. The purchases are mainly focused on copper, which has gained over 13%, driven by the expectations of an increase in spending on infrastructure and by optimism about chinese demand.
(Il Sole 24 Ore Radiocor Plus)
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