The index FtseMib it closed with a drop of 0,24%, at 18.829 points. With the exception of London (+0,07%), the other European Stock Exchanges also fell: Paris -0,48%, Frankfurt -0,08% and Madrid -1,02%. The spread ten-year Btp/bund is stationary at 246, for a yield of the ten-year Btp at 4,22%.
Il dollar it is stable against the euro at 1,379. Indices barely moved on Wall Street. The Dow Jones fell 0,13%, the Standard & Poor's 500 0,06% and the Nasdaq 0,35%. Great expectations for Apple's accounts which will be announced after the stock exchange is closed. Merck fell 2,5% after reporting quarterly results that show a decline in Januvia sales.
In Piazza Affari the trend reversal is linked to the banks. Severity hits the sector Moody's judgment: according to the agency, it will be difficult for banks whose Core Tier 1 ratios are close to or below the minimum required threshold of 8% to be able to find the resources necessary to strengthen capital. This increases the probability of public interventions.
Among the banks at risk, the agency mentions Mps, Bpm, Carige, Banco Popolare and Creval. Escape the flood, Mediobanca which celebrates the accounts above expectations with a +2,84%. Up too Mps Bank (+1,65%), which benefits from the rumors about an interest from at least three large English hedge funds for the capital increase. Highlights too Banca Carige, which rises by 3,3% in view of the arrival of Pietro Montani as ad.
However, most stocks in the sector recorded massive losses: bpm -2,3% Bper -0,64% Banco Popolare -1,84% Unicredit -2,08% after Deutsche Bank downgraded its rating from buy to hold, Intesa -2,33%.
Heavy drop also for Fiat (-3,2%): JP Morgan cut its rating on the European automotive sector to neutral.
Insurance stocks are also down: Generali -1,2%, Kepler Cheuvreux raised the target price to 18 euros with a "buy" recommendation. Fondiaria-Sai -2,1%.
tractate Telecom Italy, +0,89%: UBS reiterates the negative "sell" recommendation and the target price of 0,34 euro.
Cade A2A (-2,99%), waiting for Brescia and Milan to sell 5% of the capital. Down Eni, -0,34%.
There are, however, positive signs, starting with Saipem (+5,1%) later quarterly better than expected. Ansaldo StS +2,81%, Banca Akros raised the target price to 9,55 euro. Autogrill +2,12%, MainFirst Bank starts hedging with an "outperform" recommendation and a target price of 8 euro.
Luxottica (+3,63%), despite UBS and Mediobanca cutting their target, luxury is the driving force: Brunello Cucinelli +2%, Ferragamo +2,24%. Negative Yoox: -1,7%.
Cir it lost 1,79%, despite the fact that the group closed the first nine months of the year with a positive net result of 10,7 million, compared to a loss of 10 million a year ago. Kepler Cheuvreux analysts had expected a consolidated profit of 73 million euros with a loss for the parent company of -9 million. The compensation collected by Fininvest for the Mondadori lawsuit (491,3 million, or 319 net of legal costs) was almost offset by the write-downs of 287,2 million recorded last week by the subsidiary Sorgenia (it lost 228 million euros in the third quarter).
L'Espresso +2,3%: Exane raised the target price by 60% to 1,2 euro. “Neutral” recommendation.
