Not all bad comes to hurt. There Milan Stock Exchange, after the sharp declines linked to the threat of the political crisis, is rebounding: the IMU agreement compensated, at least for one day, the risks linked to the possible attack in Syria.
In Piazza Affari, the Ftse Mib index rose by 0,98%, to 16.743. In red, on the contrary, the others price lists of the Old Continent: Paris -0,47%, Frankfurt -1,38%, London -0,27%.
To calm the climate contributed thepositive outcome of the Treasury auction on the six-monthly Bots. The entire amount, 8,5 billion euro, was placed at an average yield of 0,886%, up from 0,799% in the previous auction, but still below the 1% threshold. Demand was stable at 1,47 times supply, as in last month's auction.
Mark Carney, governor of the Bank of England, in his first official speech reiterated that rates will remain at historic lows until the unemployment rate falls to 7%.
On the other hand, the indices of Wall Street: Dow Jones +0,38%, S&P +0,36% and Nasdaq +0,56%.
Here too, according to some observers, the principle that not all evil has a silver lining could apply: military action in Syria could induce the Federal Reserve to leave the Treasury and bond purchase plan unchanged at its September meeting.
Below parity JP Morgan (-0,4%): according to some sources, the fines that the institute will have to pay to resolve the various investigations linked to the bankruptcy of the derivatives trading of the trader nicknamed the "Whale of London" are expected to total between 500 and 600 million dollars. The bets of Bruno Iksil, who took such important positions on the derivatives market as to influence its performance, cost JP Morgan more than 6 billion dollars in losses.
Barrick Gold, the world's leading producer of gold, advanced by 1,7%. The yellow metal rose by a modest +0,1% to 1.415 dollars an ounce.
Piazza Affari is supported by the favorable trend of energy stocks, in the wake of the growth of crude oil. The Stoxx sector index is up 1,8%. Eni, after the sales of the past few days arriving from abroad, it gains 2,85%, Saipem +2,35%. The rebound was more modest for the other European oil stocks: Total +1,9%, BP +1,1%, Royal Dutch Shell +2,1%.
Between the banks Milanese stands out the Banco Popolare (+6,79%), after the results of the quarter, ahead of another Popolare, Ubi (+6,36%). positive Pop.Milan (+ 1%). Unicredit salt of 1,61%, Understanding +1,04%. In asset management, there was a sharp drop in Azimuth (-2,2%).
It shines among industrial stocks Finmeccanica (+2,73%) on the rumors that Cassa depositi e prestiti, through the Italian Strategic Fund, is negotiating the purchase of Ansaldo Energia and 29% of Ansaldo Sts (-1,97%).
Fiat rises by 0,9%, despite the decline in the European automotive sector: Volkswagen loses 2,5%, Peugeot -2,9%. Fiat Industrial -1,34%.
Among the utilities Enel +1,29%. In great evidence Iren (+5,52%) after the half-year results, which showed a strong growth in profit: net profit of 110,7 million (+47,1% compared to the previous year), and Ebitda at 376 million (+11,7, XNUMX%).
Luxury stocks are losing ground: Tod’s -0,59% Ferragamo -1,47%.
