European stock markets hit four-year highs Wednesday morning on the back of Donald Trump's statements on a possible resolution of the trade war with China. Piazza Affari is bucking the trend (-0,18%) and is the only price list in Europe. On the eve of the long American weekend dedicated to Christmas shopping, Paris parity behind Frankfurt +0,4%, as usual the most sensitive to the issue of duties and Madrid +0,47%. Also London advances by 0,43% on the day of a sensational operation in the world of English football.
Private equity firm Silver Lake has reached an agreement for a $500m equity investment in City Football Group which controls Manchester City, valuing the company that owns the Premier League champion club at $4,8bn.
La Juventus -2,6% meanwhile announced that the capital increase for 2 million will start on 300 December with a theoretical discount of 29,1% on the Stock Exchange price. The operation will be guaranteed by a guarantee consortium made up of Bnp Paribas, Goldman Sachs, Mediobanca and Unicredit. Exor will subscribe its share (191,2 million).
Yields down marginallyBot auction half yearly. The Treasury assigned the 6,5 billion euro offered with a rate that fell to -0,215% from -0,213% in the previous placement, the lowest since August. At the end of the morning, the Italian paper was mixed, with only the 30-year segment going negative. The gap between the BTP and Bund rates on the 10-year segment stands at 154 basis points from 155 at the end of yesterday's session. The 1,17-year rate is at 1,18% from XNUMX% at the last closing.
Oil prices are broadly stable above $64 a barrel, with the surprise surge shown by API data on US crude stockpiles offset by optimism about the US-China trade deal. Eni + 0,23%. Gold unchanged at $1.460 an ounce.
Fiat Chrysler +0,3%. The Wall Street Journal, having heard various experts and lawyers, has come to the conclusion that the legal action brought by General Motors against FCA, accused of having bribed union officials, will go nowhere. Assuming an agreement between the group and the union is not granted, the injured would be the employees, not the competitors of GM.
stm +0,2% marks new highs for 2019. Today Equita raises its target price to 22 euros. The consensus collected by Bloomberg presents an average fundamental target of 21,6 euros, below today's prices.
In Piazza Affari, the advance of mid-cap stocks continues: among others SOL + 5,2% sapphire -1,3% Bioera + 2,3% Danieli + 3,3%.
Also worth noting: Sias -0,8%. Erg + 3,9%. Iren + 4% Falck Renewable + 4,7%. Fila + 3%.
Ideas for Poste Italiane +0,3%. The Antitrust has opened an investigation into unfair commercial practices in the mail delivery service. nexi +3,3%. In parity Enel which is in no hurry to sell its stake in Open Fiber, CEO Francesco Starace said on Tuesday during the presentation of the new business plan.
Diasorin -0,4%. Berenberg cuts judgment to Hold da Buy. Target price revised upwards to 118 euros. The company has obtained the green light from US health authorities to commercialize two new diagnostic systems.
drum +0,3%, he placed a five-year bond of 300 million euro. Increases firepower on takeovers.
In the aim Fos it is suspended again due to an excess of upside. Until further notice, the placing of orders without a price limit is not permitted, says Borsa Italiana
