The positive morning in Piazza Affari involves almost all the Ftse Mib stocks. Among the few stocks not benefiting from this rebound are Cnh losing 2,13% is Tenaris, which swings around parity, in sharp contrast with the trend of the Italian price list.
The recent drop in the price of oil weighs on the prices of the supplier of pipes for oil and gas exploration, which could lead to a reduction in the company's investments during 2015. The investor day held yesterday by Tenaris it therefore seems not to have convinced the investment houses.
In fact, for the company, the third and fourth quarters of this year should record weaker performances than expected, precisely because of the worsening of the scenario linked to the drop in oil prices and to market uncertainties, also due to the de-stocking of Saudi Aramco.
