Stock markets down a few hours after the meeting of the Catalan Parliament. In the meantime, the prospect of the new supervisory rules weighs on the credit sector.
At Piazza Affari the index Ftse Mib drops by 0,4% just above 22.300 points. Same drop on the Madrid Stock Exchange. Smaller losses, around 0,1%, for Paris and Frankfurt. Among the price lists, which moved little, the excellent performance stands out, after the group results LVMH +2,2%. Christian Dior, and Kering, owner of the Gucci brand, recorded progress of just under 2%. At Piazza Affari Moncler is up by 2,2%. Jefferies raises the target price to 27,5 euros. Ferragamo + 1,23%.
In steep descent Dassault Aviation – 4,5% for Falcon 5X jet development delays.
Of note is the rebound of Turkey Stock Exchange, up 2%, from -5,4% yesterday. The Turkish lira against the euro also rose again, appreciating against the dollar to 1,176.
To push the single currency were the declarations of Sabine Lautenschlaeger, who deems it appropriate to start a reduction in purchases from the beginning of next year in a process of dismantling quantitative easing.
The bonds moved little. The Italian 2,19-year interest rate rises to 2,177% from XNUMX% at the end of yesterday's session and the spread with the same maturity of the Waist it hits 172 basis points.
The economic growth of Italian industrial production in August stood at 1,2% (+0,1% in July) with a year-on-year value of +5,7% (from +4,6% revised in the previous month): there are premises for GDP growth 2017 above the 1,5% expected by the government.
Oil goes up: Brent at 56 dollars a barrel (+0,86%).
Saipem +1,84%. The company has received a series of orders for land works in Chile and Mexico, valued at: 350 million dollars. Eni loses 0,1%, Tenaris -0,3%. Saras it is in sharp decline in Piazza Affari after Macquarie cut the rating to “neutral” due to the possible impacts deriving from the interruption of supply in the oil sector. The stock of the refining company lost 4,8% to 2,176 euros.
Enel recovers last week's losses: against the trend, it now gains 0,5% to 5,10 euros (Eurostoxx Utility -0,4%). This morning Barclays strengthened the Overweight recommendation, raising the target price to 5,85 euros from 5,50 euros.
In Piazza Affari the difficult situation of the banks continues.
Unicredit loses 1,56%. Intesa Sanpaolo 1,5%. Compagnia Sanpaolo sold 150 million shares this morning through a flash sale: investors bought the shares at a 5% discount.
The new guidelines of the Supervision of the ECB on non-performing loans are also frightening. The proposal has been much criticized by the banks, the president of the European Parliament, Antonio Tajani, also complained in a letter sent to the president Mario Draghi. Bpm bank -0,77%.
Down Fiat Chrysler -0,26%. Ferrari -0,8%. Sergio Marchionne has confirmed the arrival of the Ferrari SUV, the times remain uncertain.
Mediaset turned downwards, -1,91%. Les Echos writes this morning that by the end of the month Berlusconi and Vivendi will sign the peace deal.
Telecom Italy -0,26%. The Minister of Economic Development, Carlo calenda, is in favor of using the golden powers on Telecom Sparkle, in the context of the proceeding against Vivendi.
Atlantia sells 1% after Kepler Cheuvreux cuts the rating to "hold" from "buy". Yesterday the company received from the Spanish Consob the authorization to publish the prospectus for the offer of 16,3 billion mainly in cash for all Abertis shares.
