SNAM, LUXOTTICA, MEDIOBANCA: TRIO OF RIALZI
BUT BANCA MONTE PASCHI SINKS -2,9%
After three consecutive sessions of declines, the FtseMib index it rose by 0,38% to 17858 with gains spread across the entire list.
Similar trend on the other markets: Paris +0,31%, Frankfurt +0,24%, Madrid +0,66%. London +0,21%.
spread little moved at 226 basis points.
Standard & Poor's confirmed Italy's sovereign rating at BBB, while also keeping the country's credit rating outlook unchanged at negative.
In October the Italian public debt it reached 2.085 billion euros, up from the 2.068 billion in September. The previous record was set in June 2013 with 2.076,371 billion.
Recommended Mediobanca +2,11% on the news that Vincent Bolloré and another shareholder, as yet unnamed, will take over the shares in the bank put up for sale by Groupama.
Snam also stands out, up 2,91% after UBS raised its rating to “buy” from “neutral”: the company is studying the sale of a minority stake (30-49%) in Italgas, the company that manages of the secondary gas distribution network. The action is also driven by the promotion of UBS from neutral to buy. Terna +1,64%.
Enel goes down instead -0,53% downgraded from neutral to sell (target price at 3,30 euros) by Goldman Sachs due to "growing political risks in Spain and Italy".
Enel Green Power + 0,57%.
A2A +0,62%, Goldman Sachs removed the stock from the European Conviction Sell List but maintained the sell (target price at €0,79).
Good news from Mexico for Tenaris +1,35%. The Mexican Congress approved the energy reform and is now awaiting ratification by 50%+1 of the states, before the final signature by the president. The approval is good news for Tenaris as it will allow for an increase in demand for seamless pipes in Mexico where the group has a near-monopoly position.
Sale Finmeccanica +0,7%. In negative ground Fiat -0,53%, StM -0,57%.
A clash is looming at the last vote in the month-end meeting of Monte dei Paschi –2,7% between top management and the Foundation. Without the approval of the institution, which has already anticipated the vote against the capital increase in January, it is almost impossible for the management's proposal to be approved. The risk is that the success of the institution's restructuring plan agreed with Brussels will be irreversibly compromised.
Unicredit -0,1% Understanding + 0,42%.
Finally, pending Moncler's landing on the stock exchange, they rebound the luxury stocks: Luxottica +2,95%, Yoox +1,3%. Down Ferragamo -0,81%.
