FINMECCANICA AND MONTE PASCHI SPOTLIGHT
DUBLIN BOTS FLY THANKS TO MOODY'S
Il triumph of Angela Merkel not surprised the markets. On the contrary, after James Bullard's statements on Friday (“tapering at the end of October is not excluded”) the stock exchanges are marking time, fearing nasty surprises from the USA.
The flash PMI index of the Eurozone rises in September to the top since June 2011 and beyond expectations thanks to the services sector, providing new signs of an economic recovery.
Piazza Affari +0,28% now marks a slight increase (FtseMib index at 18021): London (-0,22%), Madrid -0,02% and Frankfurt as well (-0,04%). Paris advances by 0,08%.
Quiet situation also on the market of government bonds: the yield of the ten-year German Bund is unchanged at 1,93%, that of the BTPs is also stable at 4,29%, the spread is at 235.
The news comes from Ireland: Moody's promotes a “stable” from a “negative” outlook crushes the ten-year spread below 200 basis points, at its lowest for more than three years.
Highlights shine Finmeccanica +3,8% and the subsidiary Ansaldo Sts +1,91% after the rumors according to which the Cdp could take over Ansaldo Sts, Ansaldo Energia and Ansaldo Breda.
Still weak Telecom Italy + 1,05%.
CDP can and must play a key role at this time in which we are looking at the relaunch of the country and the country's growth in infrastructure", said the Minister of Infrastructure Maurizio Lupi adding "but I think the problem of Telecom is not only the role of CDP, it seems to me that it has other problems".
Among the positive industrialists Fiat +1,16% e Fiat Industrial +2,28%. StM rises by 0,28%.
Mediaset -0,24%, while the main banks are positive: Unicredit +0,9%. “Italian banks are in a good position compared to the average of European banks” said the managing director of Unicredit Federico Ghizzoni this morning. “I'm not worried about the stress tests, about the quality control of the assets of Italian banks, including Unicredit. On the contrary – continued Ghizzoni – perhaps it is an opportunity to clear away some perhaps excessive doubts about the Italian banking system which – he concluded – has nothing to envy or even to fear compared to other European banking systems”.
Understanding +1,18%, Mediobanca +17,4%.
B.Pop. Milan +0,84%, out of the Stoxx600 from today. Today the management and supervisory boards will have to respond to the Bank of Italy inspection report, in which the issue of governance is one of the points raised.
In its place it enters the Stoxx 600 Azimut index -0,99%.
Monte Paschi rears up +3.09% on the eve of the board meeting. According to a note released on Friday evening, the bank will exercise the right not to proceed with the payment of the interest accrued on the next coupon payment dates scheduled starting respectively from 30 September, 21 September and 27 September.
Twin increases among insurance companies: Generali +0,53%, Fondiaria-Sai +0,55%.
Enel +0,28%, Eni +0,75% has already recovered the dividend of 0,55 euro.
Among the mid caps, Maire Tecnimont +7,3% and Yoox +2,8% are advancing, new historic record.
