European markets closed countered a few hours from the spread of stress tests on the European banking sector. After a positive start, the disappointment of the data on US GDP for the second quarter grew less than expected and that the consumer confidence has brought greater prudence in the Old Continent. Only Milan Stock Exchange continued its run-up trailed by banks with MIBA FTSE + 1.96% and the FTSE All Share at + 1.76%. Banca MPS has gained 6.28% on the day will reveal the plan for the disposal of non-performing loans and the capital increase. well Unicredit (+ 5.89%) and Intesa Sanpaolo (+ 3.52%).
General made strong progress (+ 7.19%) today released first-half results down, but above analysts’ expectations. Still a day of passion, however, for Mediaset (-8.33%) which continues to quarrel fought through press with Vivendi after the breakdown of negotiations to sell the pay TV. Consob, meanwhile, has lit a beacon to monitor the market trend. In the industrial sector, the widespread accounts yesterday prompted Leonardo-Finmeccanica (+ 2.46%) and Prysmian (+ 1.06%). Mini-bounce for Fca (+ 0.88%) yesterday had a sharp drop after Ford accounts while CNH has lost 1.77%.
Eni (+ 0.07%) ended on a draw after a difficult day following the publication of accounts which showed a loss of 1.24 billion in the first half.
Among the titles to lower capitalization Geox sold 7.47% after the quarter. Purchases instead of Acea (+ 6.78%) after agreement between Suez and Caltagirone which redraws the shareholding structure of the company controlled by the Municipality of Rome.
in the US, GDP grows less than expected, weak consumer confidence
From the macro front has been reported that in the euro zone, the seasonally adjusted second quarter GDP rose 0.3% in ‘euro area, according to the preliminary flash estimate of Eurostat. Overseas it was announced that the second-quarter GDP recorded a performance below analysts’ expectations. According to the US Commerce Department, the economisa of the US production increased by 1.2%, after + 0.8% in the first quarter, after + 1.4% in the fourth quarter of 2015. As for the confidence of American consumers in late July, the figure stood at 90 points compared to the expected 90.8. In Japan, meanwhile, the Bank of Japan opted for the status quo on its monetary policy, along the lines of buoys, the ECB and the Fed. They are also well buy some blue chip, thanks to the effect half-yearly accounts, has no brakes, in the wake of the accounts results above expectations.
Mps catalyzes more attention on the day of the board
In Milan the focus has remained on Banca MPS, on the day that meets the board of directors of the institute to launch the implementation of safety plan. Meanwhile check an alternative plan drawn up by Corrado Passera and UBS, on the table of the Rocca Salimbeni summits. Plan, which has been returned to you by the institute’s board, as anticipated by Radiocor Plus.
Eni in “red” for 1.24 billion in the first half, but there is the coupon payment
Mediaset and ENI in reverse
Mediaset in heavy decline, pays the disappointment for the half-year closed, with a loss of 27.8 million euro, compared to a profit of 24.2 million in the first half of 2015. a recently earned him instead the signs on the ‘trends in Italian advertising revenue is expected to remain positive in the third quarter, despite the months of July and August of major international sporting events broadcast by the major competitors. In September, underlined the TV company, the collection should be positively supported from the start of the new fall television season providing for an offer editorial Mediaset further renewed and strengthened. The heads of the companies, however, have indicated that the year-end accounts could weigh the story of a premium after the stop acquisition by Vivendi. For more looms a tough legal battle with the transalpine group, Mediaset, which has already announced that it will proceed in civil and criminal proceedings. The disappointing accounts effect is felt even on Eni after the loss of the first half of 2016 amounted to 1.24 billion euro, compared to a profit of 735 million in the same period of 2015.
General estimates an improvement in remuneration members in 2016
General Corre after accounts exceeding expectations
General runs after the release of the half-year , filed with a net profit of 1.17 billion euro, down 9.9% from the same period last year, but higher than analysts’ expectations. The number one insurance group, Philippe Donnet, also reassured that Generali is not exposed to “Brexit” phenomenon of the volatility that has created the markets.
The euro strengthens, resumes share oil
On the exchange rate front, the euro strengthened against the dollar to $ 1.1175 (1 , $ 1,087 yesterday’s closing) while yields on the yen to 114.69 (116.19). The relationship between the dollar and yen and ‘equal to 102.29 (104.79). Resumes share oil: WTI September futures stood at $ 41.45 per barrel (+ 0.75%).
sparkling debut for Vetrya
sparkling debut on the Stock Exchange for Vetrya, the Italian company’s digital service that is listed on the AIM segment. A few minutes away from the negotiations, the title has come to mark an increase of 10% compared to the placement price of 6 euro (6.60 euro). The estimated free float amounts to 11.3% of the capital after the placement of 636,265 common shares. Luca Tomassini, President and CEO of Vetra, said he was convinced that the stock “will do a good success, because our team is healthy and growth prospects over time.”
under observation Boj moves and macro data
The yen curbs the results of Hitachi
Investors analyze carefully the effects of the Central Bank of Japan left interest rates unchanged and also the amount of assets purchased in a year, to around 690 billion euro, but it has decided to double the share of purchases of ETFs and launched a US dollar loan program. The deposit rate was unchanged at -0.1%.
(Il Sole 24 Ore Thomson Plus)
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