Finish a session characterized by strong sales in the major indices Italian and European equities. The FTSE MIB lost 2.29% after touching a minimum of 21,443 points. In red even the FTSE Italy All Share (-2.1%), the FTSE Italy Mid Cap (-0.98%) and FTSE Italy Star (- 0.98%).
They lose share in the major stock markets of the Old Continent, with the CAC 40 which yields 1.57%, the FTSE 100 leaky 1.42% and the ‘ Ibex 35 which yields 2.04 percent. In red even the Dax German (-1.95%). The
No withdrawal of the major stock indexes Wall Street with the S & amp; P 500 that yields in these hours 0.58%, the Nasdaq in folding of 0.21 percentage points and the Dow Jones at a disadvantage by 0.78% on the reference.
‘ € can be appreciated even on the dollar at this time bringing the relationship between the single currency and the greenback at 1.0874 (+ 0.35%).
‘ Bond sovereign marks a rise in the early afternoon: the prices of government bonds eurozone gaining ground and yields consequently compress. The ten-year Italian BTP records in closing one yield to fall by 2 basis points to 1.55% while the corresponding German Bund marks a decrease of 3 basis points to 0.57 percent. As a result, the spread BTP / Bund stood at 98 basis points.
At the Milan stock are penalized a little ‘all sectors, from industry to the financial sector, the oil sector to the luxury.
Elsewhere, on the prices of oil show some volatility and futures Brent yields 0.17% to $ 40.66 after new intraday lunges. The derivative WTI changed hands on the same platform to $ 37.72 per barrel (+ 0.18%) only partially recovering ground. At the Milan Stock Saipem lost 2.57%, Eni 2.53% and Tenaris 1.54 percent.
The sales also encumbers the banking business, with the sector index FTSE Italy All Share Banks lost 2.74 percent. Sitting difficult for Carige (-3.4%) and MPS (-5.58%). Growing uncertainties for investors after the new scheme EU bank resolution which provides involvement of shareholders and holders of subordinated bonds. The crisis of the four banks saved with the new mechanism of the European bail-in will bring the healthy part of the four institutions in the market and is likely to further complicate the already difficult search for a partner for Carige and Mps (despite significant remediation). Mps today updated the lows at 1,252 euro and Carige led them to 1,248.
Strong sales across the rest of the banking sector. Forgiveness share Ubi Banca (-3.67%), Banco Popolare (-3.03%), Unicredit (- 3.35% ) and Mediobanca (-2.68%). Intesa yields 1.89% and Bper 3.14% and BPM let the market 2.65% of its value Bag. Would be arriving a joint investigation of the ECB and the Bank of Italy on capital increases of banks carried out in recent years after the cases of Popolare di Vicenza and Veneto: under consideration the possible plots “dangerous” between banks and customers- members.
Sitting folding for Telecom Italy , which closed with a fall of 2.35 percent. JP Morgan has a long position in the overall Telecom equal to 10.134% of the capital (effective participation 4.515%, 2.461% participation potential, other long positions 3,158%). JP Morgan is among institutional contested the request of Vivendi (now over 20% of the group) to add four more representatives to the Board of Directors of Telecom Italy. On 15 December, the assembly will count the votes on the new proposals of the shareholder and French view of that appointment seems, then, that tensions continue to grow. To report the rumors about a possible asset purchase of Bouygues by Orange, the former France Telecom. Bouygues reaffirmed its long-term commitment in telecommunications and television (one spin-off would focus on the construction and real estate), but the case directly concerns also Telecom Italy, as Orange has had to reiterate to have no negotiations underway for a ‘ merger with the Italian company after the mixed signals of a few months ago. Operation of domestic Orange thus further alienate the prospect of intervention in Italy.
Forgiveness share also Unipol Gruppo Finanziario (-1.41%) and UnipolSai (-0.83%). From communications to Consob it has learned that of the liquidation of Lima Srl, which controlled 4.55% of Unipol Gruppo Finanziario, led to the redistribution of these shares among the shareholders Coop. Therefore 27th November Coop Estense stands at 3.16% of UGF, Coop Adriatica to 4.77% and Nova Coop to 4,068 percent.
It undergoes the poor market climate also the luxury sector. Ferragamo lost 3.32%, Moncler 4.29% and Yoox Net-a-Porter Group gives 3.0% and back to 34,58 euro. Male also Luxottica (- 2.77%) and Tod’s (-1.44%).
Among the smaller capitalization securities are reported performance in contrast to Snai (+ 1.82%), which has recently completed its merger with the group Cogemat, and d’Amico (+ 0.07%), which showed an increase in results in the first nine months of 2015, and manages to close today’s session in positive territory.
(GD)
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