Brexit agreement and Trump's ok to aid, industrialists and banks pull the stock exchanges

2020-12-28T09:13:36.182Z

European stock exchanges start the last week of the year up. The Milan Ftse Mib index rose by 0.9%. In the rest of Europe, the Dax index in Frankfurt stands out, + 1.5%. The London Stock Exchange is closed for the Boxing Day holiday. The agreement reached between London and Brussels on Brexit, which excluded customs duties between the European Union and the United Kingdom, pushes the lists, especially the industrial ones. Among the 40 stocks in the Ftse Mib basket, the best performances are achieved by Pirelli (+ 2.9%), Leonardo (+ 2.3%) and Moncler (+ 1.64%). Bankers also did well, starting with Bper Banca (+ 2.2%). The only stock just below the Cnh Industrial parity, -0.05%. The US President Trump's signature overnight on the $ 900 billion aid plan for families and businesses is also very influential. The House and Senate had approved the plan in recent days after months of negotiations, while Trump had criticized the agreement, finding it insufficient. The news counterbalances the negative effect of travel restrictions implemented in several countries to prevent the spread of the English variant of the SARS-Cov2 virus. In Asia the Tokyo stock exchange b (+ 0.74%) was positive, while Seoul, Shanghai and Hong Kong were flat. Alibaba's -7.5% weighs on Hong Kong after the central bank ordered Ant Group, the finance company of the ecommerce giant, to review its governance and some aspects of its business to avoid abuses of dominant position. Last week the Beijing antitrust had launched an investigation into Alibaba Group for "suspected monopoly practices".