FIAT + 2,6% LEADS INDUSTRIALS
AGREEMENT MADE BETWEEN THE EU AND GREECE
For the Greek tragedy, for once, a happy end to the season is looming. The Eurogroup should sign the agreement reached over the weekend between the government and the troika. The aid for 8,1 billion could be paid in installments.
The news favored the positive start of the European lists.
In Milan, the FtseMib index rose by 1,3% to 15.733 points. , Paris gains 1,91%, London +1,06%. Frankfurt +2,29% leads the race. Madrid +1,52%.
On the government bond market, the prices of 10-year BTPs rose, with the yield falling to 4,37% and the spread at 265 (-4 basis points). During the week Enel +1,24% should launch the placement of the 1,5-2 billion euro hybrid bond that it failed to issue last month, due to the turbulence linked to the Fed's announcements.
Oil remains at the highs of the last three months, with prices affected by the tense situation in Egypt: Brent is traded at 107,1 dollars/barrel (-0,5%), Wti at 102,8 dollars (-0,3 ,XNUMX%).
The euro/dollar exchange rate is stable at 1,283 while the dollar index is at a three-year high at 84,45 points.
In great evidence in Milan Fiat +2,6% after announcing the exercise of the option on another 3.3% of Chrysler capital. Fiat Industrial +0,82%. Exor +1,41%. StM salt +1,87%. The European semiconductor sector is led by the Dutch ASML + 2,9% after Bank of America added the stock to its "most preferred list".
Saipem also stands out on the upside +1,63% after SocGen raised the recommendation to "hold" from "sell", the target price is 16 euros. Eni + 0325%. Tenaris + 1,4%. Finmeccanica recovers +0,31%.
Mediolanum +3,32% and Mediaset +2,51% did well. Positive banks: Unicredit +1,76%, Intesa +1,34%, MontePaschi +1,24%.
Insurance companies are even more effervescent: Generali gains 2,04%, Fondiaria-Sai rises by 0,41% and the subsidiary MilanoAssicurazioni gains 0,52%% after the promotion of Kepler-Cheuvreux to "buy". Rcs Mediagroup rises by 0,96%.
Pierrel flies among the minor stocks, suspended after having marked an opening leap of 12,5%. It now marks a theoretical +14%. The company announced today that it has signed a US and Canadian distribution agreement with Henry Schein, the world's largest distributor of dental products, for its Orabloc dental anesthetic.
