MEDIASET'S LANDSLIDE HITS BUSINESS PLACE. THE POPULAR FLYING, UNICREDIT FINISHES EVEN
Positive day for the European Stock Exchanges, but not for Piazza Affari, where at the end of the session the FtseMib index recorded a drop of 0,26%. The Paris Stock Exchange gained 0,8%, Frankfurt +0,6%. The US stock market reversed course after a bullish start. The S&P500 index lost 0,2%, the Nasdaq 0,2% and the Dow Jones 0,2%.
The worst blue chip is Wal-Mart, down 1,7% (-32% YTD). Today the bond market is closed for a national holiday, the operation of the stock market is also affected. WTI oil fell again, trading at $43,3, down 2%. Oil prices are also down. In Milan Eni -0,6%, Tenaris -1,6%. Among the utilities Enel -1%, Enel Green Power -0,3%.
Historic day for Government bonds: the 12-month Bot was placed at a negative rate of 0,03%. The downside shock affected the session. Downside shock for Mediaset -9,5% after revealing growth beyond forecasts in costs in the third quarter. Goldman Sachs and HSBC both cut their rating to Neutral from Buy. HSBC's target price is €4,90. In Paris, however, Vivendi -6,2%, the large shareholder of Telecom Italia -0.7%, suffered a resounding setback and is preparing to ask the former Italian incumbent of the telecommunications companies to be admitted to the board of directors. Unicredit closes in a draw after the illustration of the business plan.
Intesa also moved little – 0,1% and Monte Paschi -0,1%. Strong increases instead for some Popolari. Pop Bank. Milan +6,5% is the best blue chip promoted to hold after returning from Kepler Chevreux. Banco Popolare +3,8% after a profit of 349,8 million (against a loss of 121 twelve months ago). Instead, Ubi lost 2,4% after the results of the third quarter of 2015. Among the industrialists, Finmeccanica gains half a point. Buzzi +1,7%. FiatChrysler lost 0,8%. There was no shortage of negative notes: The collapse of Astaldi - 17% after the quarterly report. In the Luxury sector, Yoox slowed down -2,7%. Finally, Fincantieri loses 3,3%. Mediobanca downgraded its rating to Neutral from Outperform.
