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Stock market: Ferragamo collapses, Post office ok and waiting for Mediaset

Piazza Affari is about to close the third consecutive session in the red despite the improvement in the economy – The only positive note is the rebound in utilities

Stock market: Ferragamo collapses, Post office ok and waiting for Mediaset

ndices down in the Old Continent at the start of an important day for technical expiries, including quarterly ones, on securities, futures and options on securities and on the main stock market indices, which leads to an increase in volumes and volatility. In red, for the third consecutive session of Piazza Affari: the clue Ftse Mib drops by 0,5% below 22.100 points. Paris loses 0,45%, Frankfurt 0,4%. Reduces earnings Madrid +0,04%, little move London -0,06.

Oracle's slump will weigh on the start of Wall Street -7% in the aftermarket yesterday evening, following the publication of data for the second quarter of its fiscal year. The Californian company, world leader in application software, closed the period with revenues of 9,62 billion dollars, an increase of 6% compared to the 9,04 billion obtained in the corresponding period of the previous year.

Il cross euro dollar, also following the tepid monetary policy indications from the European Central Bank, has risen to 1,17. The differential The yield between Italy and Germany on the ten-year stretch stands at 149 basis points, after having touched 150 at the start and after closing yesterday at 148. The ten-year reference rate is 1,79% from yesterday's closing at 1,80% .

Petroleum up by half a point, experts predict that the problems at the Forties pipeline in the North Sea will last "several weeks". Weak energy players in Piazza Affari: Eni -0,4% Saipem -0,06%. The decline is more massive Tenaris -1,39%.

At the center of sales on the Italian price list Salvatore Ferragamo -7,1% after the profit warning: the company announced that it will not be able to meet the already announced medium-term objectives. 

On the contrary, it shines Poste Italiane up 2,04% following the renewal of the postal savings agreement with Cassa Depositi e Prestiti.

Spotlight on Mediaset (-0,06%). Today the extraordinary assembly votes on the change of statute. Rumors are multiplying about the peace agreement between Fininvest and Vivendi which could be signed in January.

Among the utilities well Snam 0,34%. Kepler Cheuvreux raised the recommendation to Buy. Up too Enel +1%. Unchanged Terna.

Fight the banks. Unicredit -1,15% Understanding -1,07% Bpm bank -1,78%. B for Bank (+0,3%) confirmed that by the end of next year it will dispose of approximately 3 billion euro of non-performing loans, also thanks to the state guarantee. Down 2,5% the Creval despite the positive indication of the shareholder Dumont with 5,1% who said he wanted to participate in the capital increase.

Continue the ordeal of  Trevi -4,4%, which reaches a new historic low.

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