Telecom Italia rings thanks to the winds of battle on the telecommunications, Eni retreats, together with the prices of crude oil (Brent is traded this morning at 114,7 dollars a barrel, down by 0,3%) after the stop of the British House of Commons to the winds of war in Syria. The result, also due to the different weighting of the two companies on the index, is a decline in the index FtseMib of 0,4%
Up to 255 basis points lo spread between the BTP and the German Bund, with the 4,38-year rate growing to 270%. The gap between 10-year Spanish bonds and their German equivalent widens to 4,53 basis points. The Bonos yield rises to XNUMX%.
Telecom Italy +3,3% % also benefits from Bernstein promotion: the American broker raised his rating to outperform with a target price of one euro. The broker's analysts improved their opinion on the stock of the telecommunications operator, bringing it from "market perform" to outperform, arguing that it could be involved in the European risk of the sector.
Risk that continues to heat up, also due to the latest 100 billion deal between Vodafone and Verizon with the British big company ready to sell 45% of the Verizon Wireless joint venture.
Meanwhile, still on the big maneuvers linked to European TLCs, the news this morning is that the Mexican tycoon Carlos Slim has said he is ready to withdraw the takeover bid on the Dutch Kpn whether the shareholder foundation (which has the right to veto ownership changes) will continue to oppose the offer.
The banks are weak: Understanding -0,3% Unicredit -0,5% Mount Paschi + 0,1%. Generali slips down by 0,4% on rumors that report difficulties in the sale of the subsidiary Banca della Svizzera italiana. Fiat -0,1% Finmeccanica-0,4% and StM -0,4%.
