Borsa italiana in the green: FTSE Mib +0,19%. Jump to the petroleum, banking weak – to- Print

Borsa italiana in the green: FTSE Mib +0,19%. Jump to the petroleum, banking, light rain

Borsa italiana in the green: FTSE Mib +0,19%. Jump to the petroleum, banking, light rain.

european equity Markets in slight progress. Wall Street on the rise: at the closing of the european stock exchanges and S&P 500 Up 0.5%, Nasdaq Composite up 0.6%. The FTSE Mib has terminated +0,19%, the FTSE Italia All-Share +0,05%, the FTSE Italia Mid Cap 0.82 the%, the FTSE Italy Star -0,34%.

Euro little moved against the dollar above the minimum by the end of 2015 at 1.0569 touched on Friday. EUR/USD 1,0610 to the closing of european markets.

Session was very volatile for bond markets the eurozone. the yield on The ten-year German salt of 2-bp, 0.29%, that of the BTP salt of 3 bp at 2,07% (+5 bp to the Bono Spanish to 1,61%). The spread rises 1 bp to 178.

with regard To the macroeconomic data of the day today we report that in the press release relating to the outlook for the Italian economy in 2016-2017, released this morning by the national bureau, we read that “In 2016 is expected to increase in the gross domestic product (Gdp) of 0.8% in real terms, which would follow a growth of 0.9% in 2017″. It is noted, however, that “Between the current predictive framework and the one presented in may 2016, the growth rate of Gdp for the current year has been revised downwards by 0.3 percentage points”.

Positive oil thanks to the net progress of the crude oil from lows of Friday: we return to talk about OPEC agreement for the cutting of the production. The future January mark now on Brent 48,60 $ /barrel (45,76), WTI 48,10 $ /barrel (44,56). Gain ground, Tenaris (+3,66%), Saipem (+3,44%), Eni (+1,53%).

Bank of Italy is still weak, a lot of uncertainty about the outcome of the referendum: the FTSE Italy Banks ends -1,38%, the EURO STOXX Banks at-0.1%. The worst is Banca MPS (-4,65%), whose destinies, according to many observers, are related to the future of the current government, despite repeated statements to the contrary by the premier Renzi. This morning the CorrierEconomia highlighted the risk that the ordinary and extraordinary general meeting on Thursday 24 November not reach the quorum of 20% for approval of the planned capital increase to 5 billion euros, without right of option.

Light UniCredit (-1,11%) in the wake of the press rumors of the end of the week: can the voluntary conversion into shares of the instrument CASHES issued in 2009 in order to reduce the size of the capital increase. On the side of the Pioneer speaks of an announcement shortly on the start of negotiations exclusively with Amundi and Poste Italiane (-1,05%) with bids in the range of 3.2-3.5 billion euros. The CEO of Aberdeen Asset Management, Martin Gilbert, commented to Bloomberg that the group has withdrawn from the race for the acquisition of Pioneer: too many of the 3.5 billion euros which will probably be sold, according to Gilbert. Finally, other rumors report that the Pioneer could pull a special dividend of 320 million euros before the sale.

Telecom Italia (down 0.22% to 0,6850 euro) below par but in the recovery from the minimum from July to 0,6670 euro touched the day. The workers fear a future difficult for the company due to the arrival of new competitors in the broadband and in mobile.

RCS MediaGroup (-4,14% 0,8910 euro) falls below share 0,90 euro for the first time since August. The confirmation at the end of the session under reference has led to a sharp deterioration of the scenario in the short to medium term, with the first goal to 0.84.

up Luxottica (+2,31%), after which the president, founder and controlling shareholder Leonardo Del Vecchio said that the more that managers count as “the ideas, the vision and entrepreneurial spirit,” and that he “should be back to fix some of the remote things of the spirit with which this group had been founded”. For the future Of the Old think of entrusting the group to a team manager and not a man (a reference probably to the former.d. Andrea Guerra) and “a president from the anglo-saxon of great experience and prestige”.

In strong progress And the Towers (+4,37% to 42,55 euro) after the board of directors has resolved to propose to the general Meeting of Shareholders, which will be convened for the 12th of January, the distribution of an extraordinary dividend equal to 3.60 euro per share, gross of legal withholdings. Kepler Cheuvreux has raised the target on the title to 51 euros, and confirmed our buy recommendation.

(Simone Ferradini)