THE NOBEL TO THE EU DOES NOT WARM UP THE BAGS. BTP 10 BELOW 5%
PLACED THE CAMFIN BOND. FINMECCANICA SUPERSTAR
Le European stock exchanges they react neither to the unexpected increase in industrial production registered in August in the Eurozone nor to the attribution of the Nobel Peace Prize to the European Union. In Milan, the Ftse Mib index fell back and lost 0,24%, in line with Frankfurt and Paris. London marks -0,14%.
Lo spread he is quiet at 348 basis points: the yield hit a session low at 4,991%, the lowest level after the 4,987% reached on October 3rd. This morning at the opening it was at 5,002% from the 5,025% of the last closing.
No news on the front of the Greek crisis. At the invitations of the Monetary Fund to allow more time for Athens, Germany rejected with annoyance: Finance Minister Wolfgang Schaeuble said that "it is useless to speculate before the troika report is ready".
The stock markets of the Old Continent may have reacted negatively to the communications on the trend of disbursements of the credit system in China: the People's Bank of China writes in its latest bulletin that new jobs were 623 billion yuan (99,5 billion dollars) in September, economists surveyed by Bloomberg estimated 700 billion yuan.
Spotlights also focused overseas on the publication of the accounts of JpMorgan and Wells Fargo, which will give an indication of the state of health of the banking system, after Alcoa and Chevron have disappointed expectations.
In Milan the banks are uncertain and volatile: Unicredit and Intesa go up by +0,5%, on a par with Banco Popolare.
Down the Banca Popolare di Milano -0,5, and the Mount Paschi -1%.
Among the weaker stocks figure Saipem, down 3,8% after Nomura lowered his buy recommendation to neutral. The note speaks of a possible slowdown in investments in new infrastructure for oil extraction in the Gulf of Mexico and in West Africa.
Also in sharp decline StM -2%, conditioned by the profit warning of the American AMD.
This morning the Financial Times dedicates an extensive article on the scenarios of the Defense sector after the failure of the negotiations between EADS and BAE. In this key, Finmeccanica stands out +1,8% on new highs since the end of February: yesterday Defense Minister Giampaolo Di Paola said that the breakdown of the negotiations between EADS and BAE Systems opens up new scenarios, "first for Finmeccanica and then for the Italian government".
Goes down Pirelli -2%: the placement of the 150 million euro Camfin bond convertible into Pirelli shares concluded positively this morning. Camfin climbs 4%. The bonds were placed in less than an hour. Prelios also rises +3%.
Mediaset it rose by 3,8% also following the rumors of a possible turnover at the top of the advertising agency Publitalia. Geox jumps +4% following the signing of a distribution contract in China through a local partner.
Stefanel is suspended due to excessive increases, the controlling shareholder has communicated that he is not aware of the reasons that fueled the recent rally in the clothing company's stock, in five sessions it gained 70%.
