The data on industrial production, better than expected, allow Piazza Affari to remain at the top of the European rankings, surpassed only by Frankfurt (+0,35%). The index Ftse Eb it advanced by about 0,3% around 21.300 points. In red Paris (-0,06%), Madrid (-0,3%) And London (-0,7%). In the City list Pearson falls (-3,5%), among the worst stocks after having sold 22% of the publisher Penguin Random House.
Istat has announced that in May production recorded a growth of 0,7% on the previous month and an increase of 2,8% on May 2016. The data are higher than the expectations of economists who expected an average increase of 0,5% in the month and trend of 2,2%.
In the spotlight the automotive. The sector is driven by a study by UBS which, on the eve of the second quarter results, forecasts that in the April-June period the European auto industry as a whole will have recorded a 6% growth in revenues and an increase in the EBIT of the '8,5%.
Fiat Chrysler it rises by 1,32%, one step away from 10 euros: in the United States, the judge who oversees the lawsuit against the group's diesel engine emissions said he intends to appoint the expert Ken Feinberg to try to reach an agreement. Well the German houses: bmw +1,09%. Volkswagen Group climbs 0,8%, Daimler + 1,15%.
Day of grace for Apple's suppliers: the Dutch Ams e stm (+1,9%), which benefits from the promotion of JP Morgan which raised the rating to Overweight from Neutral.
They go down Leonardo (-0,4%) And Prysmian (-0,2%). Sales also on Buzzi (-1,1%) And Recordati (-1,4%).
Oil slightly down: Brent loses 0,7%, to 46,5 dollars a barrel. Several banks have cut their price forecasts: BNP Paribas cut its estimates for Brent by $9 to $51 a barrel for 2017 and $15 to $48 a barrel for 2018. Barclays also cut the outlook for 2017/18, at $52 a barrel.
Eni -0,1% Saipem -0,7%. Still positive tone for the banking sector (+0,4% index) led by Bper (+2,10%). The rise continues Bpm bank (+1%) since yesterday in the spotlight for the possible sale of Aletti Gestielle ad Anima (+0,4% after the rally on the eve). It goes up by 1% too Ubi.
All managed savings are sluggish after yesterday's euphoria, including Banca Generali, which today raised its funding estimates for the year and rose by 0,25%. You realize about Finecobank (-0,75%). Carige gains 3,3% on board day. Even better Creval (+ 6%).
Setback for utilities: Enel -0,2% Terna -0,6% and Snam -0,3%.
Revival of Telecom Italy (+1,7%) after a weak start. The recovery is linked to reassurances by CEO Flavio Cattaneo on his stay at the helm of the group until the expiry of his mandate. JP Morgan raised the target price to 1,01 euro from 0,93 euro confirming the "neutral" rating.
Avanza Mediaset (+0,8%): Macquarie raised the rating to Outperform from Neutral and the target price to 4,30 euros from 4 euros. Finally bounce Yoox (+ 2%).
