European stocks were up mid-day, with the EuroStoxx 50 index rising 1,5%, on the day that saw Japan's stock market take off: the index Nikkei closed up 7,7%, the largest daily change in 7 years.
At Piazza Affari the index FtseMib climbed 1,7%, with all blue-chip companies up sharply. The spread between BTPs and Bunds it drops to 113 points, the yield on the Italian 1,8-year bond is XNUMX%. halfway through the session, Frankfurt earn 1,7%, Paris 1,1%, Madrid 0,7%.
Take off Ryanair (+6,4%), to all-time highs after declaring profits up by 25%.
Chinese stock exchanges rally: Shanghai rose by 2,3%. Hong Kong, up 4,1%, the index recorded the strongest increase in the last four and a half years. According to Goldman Sachs, in the last three months the Chinese government has spent 353 billion dollars to support the stock market.
Big push coming from Eni (+2,4%): the estimate of 850 billion cubic meters of gas for the Zohr field in Egypt is "conservative", said CEO Claudio Descalzi, revealing in Parliament that there are probably other underlying reserves in the same basin. The other oil companies were also positive. Saipem +2,3%.
Among the utilities, Enel + 1,2% Snam + 1,3%.
In evidence in Europe the automotive sector: bmw + 2,61% Volkswagen +3%. Salt too Fiat Chrysler (+3%), in line with the performance of the Stoxx index of European automotive companies. The US unions, according to the Detroit Press, are skeptical of the hypothesis of a merger between GM and FCA.
Prysmian + 2%. StM reversed course and lost 0,3%.
Strong rises in the banking sector in Milan, Pending a decision on the bad bank in Brussels, the 13 Italian banks under examination by the ECB have been included in class 3. An exception Understanding (+2%), inserted in class 2 (the grade goes from 1, the maximum, to 5). In class 4 they appear Mount Paschi (+ 1,9%), Carige (+ 1,4%), Pop Vicenza e Veneto Bank.
It's up 3,2% Unicredit, promoted to Buy by both HSBC and SocGen. Ubi +2,1%: the company has called the shareholders' meeting for the transformation into a joint-stock company for 10 October. Banca Popolare di Milano +2,2%. For HSBC the title is to be bought.
The recovery of insurance and managed savings continues after the August collection data: UnipolSai + 2% Generali + 1,8% Azimuth + 3% Mediolanum + 2% FinecoBank + 2,5%.
Also shop on Telecom Italy (+ 1,5%) and Mediaset (+1%). Finally, in luxury Ferragamo + 2,1% Tod’s + 0,6% Luxottica + 1,8%.
