Piazza Affari updates its highs since December 2015 and still closes slightly higher: +0,17%, 22.530 points. The protagonist of the session is Fiat, +3,94, at 15,05 euros per share, after the rumors that, this time, put it in Hyundai's sights. Since the beginning of the year, the shares of the Italian American company have grown by 73,82%.
Different speeds for the other European squares. London, +0,64%, seems to draw energy from the words on Brexit by Theresa May, in Florence, who points to a "creative agreement" with the EU and a transition period of a couple of years.
Paris, +0,27%, where L'Oreal gains 2,46%, following the disappearance of Liliane Bettencourt, daughter of the founder and majority shareholder of the cosmetic giant. An exit from the scene that opens the door to changes in the ownership structure. Flat Frankfurt -0,06%, which in any case remains close to the highs for two months, awaiting the weekend's vote. Madrid too moved little +0,08%.
Wall Street opens in the red, perhaps unnerved by the rekindling of tensions with North Korea. Still negative Apple. FCA, on the other hand, also travels fast overseas.
The euro appreciates against the dollar, the exchange rate is around 1,196, +0,22%. Oil was moderately positive, Brent +0,38%, 56,03 dollars a barrel. However, no recommendation came from the meeting of OPEC and non-OPEC countries in Vienna for an extension of the cuts beyond March 2018. Gold recovered 0,43%, but remained below 1300 dollars, at 1296,1885 dollars l 'ounce.
Few ideas on the secondary. The yield of the 10-year BTP is 2,17%, the spread with the Bund at 171.80 points, +0,35%. On the main price list of Piazza Affari, the leading stocks, with Fiat, are Bper +2,09%; Recorded +1,42%; Ubi +0,96%.
Tenaris, +1,34%, recovers after yesterday's losses at the end of the Investor Day in London. Here, CEO Paolo Rocca announced that the Italian-Argentine group will record growing results in the second half of the year compared to the first half. “The third quarter – he specified – will be influenced in some way by hurricane Harvey, but, in general, we confirm the forecast of increasing sales and EBITDA”.
Sales hit Yoox, -2,7%, after the leap forward the day before. Profits taken on Buzzi -1,56%. Snam -1,06%, Azimut -0,82%, Atlantia -0,56% are down.
Outside the Ftse Mib, Unicredit Savings exploded, +38,35%, after the announcement by the board of directors of the mandatory conversion in a ratio of 3,82 ordinary plus an adjustment of 27,25 euros for each savings share.
Brilliant Stefanel +7,59%, following the approval by the shareholders' meeting of a 10 million euro capital increase which will make Oxy Capital and Attestor the new controlling shareholders of the clothing group, saving the company from bankruptcy . Fincantieri also appreciates, +4,62%, in view of a possible agreement for Stx. Press sources believe that there is no longer a veto from Paris on the Italian majority. However, the identified solution would envisage enhanced powers and guarantees for the French public shareholder.
Thud of the Ricchetti Ceramics Group -17,05%. Juventus was also weak -1,81%, despite the fact that the board of directors approved a draft budget for the 2016-2017 financial year with a profit for the third consecutive year, after revenues grew by 45,1%.
