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Stock market, the banks are starting to the rescue. Fiat leap forward

Mario Draghi reiterates that rates will remain low or that they will even be cut for an "extended" period of time - And thus gives impetus to financial stocks on all European lists - In Piazza Affari Mps gains 6,4% and Generali 3,2, 2,7% - Asset management is doing well - Strong purchases on Fiat (+XNUMX%) after the further increase in its stake in Chrysler

Stock market, the banks are starting to the rescue. Fiat leap forward

DRAGONS MAKES THE BAGS FLY
MPS AND AZIMUTH SPRINT

Closing in acceleration for the European stock exchanges.

All projects Milan Stock Exchange the Ftse Mib index rose by 1,7% to 15799 points.

Lo BTP/Bund spread drops to 268 points.

In Europe, London +1,17%, Paris +1,76%, Frankfurt +2,08%, Madrid +1,87% .

Rising opening also on Wall Street: Dow Jones index +0,55%, S&P500 index +0,49%, Nasdaq index +0,05%. The US Stock Exchange awaits the start of the quarterly season tonight which kicks off in the evening, with the market closed, with Alcoa's accounts, the share rises by 0,4%. 

"The prolonged recession is the greatest systemic risk today," he warns Mario Draghi from Brussels. Meanwhile, a few kilometers away, eurozone finance ministers are ratifying aid payments to Greece. Also another problem area of ​​the periphery of Europe, the Portugal, seems able to emerge from the risk of a political crisis.

Strange calm, however, on the oil front despite the dramatic news arriving from Egypt. Brent is traded at 106,9 dollars/barrel (-0,7%).

The EGX30 index of the Cairo Stock Exchange it closed down 3,6%, a sharp decline after the +14% it posted last week.

Eni is up 0,7% e Saipem 1,5%. Tenaris + 2%.

They fly to Milan especially i financial securities.

Mount Paschi +6,4%, the stock accelerated after the rumors of Reuters on the will of the court of the Review of Siena to reserve a decision on the maxi seizure of 1,8 billion euros from Nomura, a request by the prosecutors rejected by the judge of the preliminary investigations .

The others go up Italian banks, Unicredit +2,2%, Intesa Sanpaolo +2,3%, Banca Popolare dell'Emilia Romagna +2,61%, Mediobanca +2,38%. 

Among insurance companies especially Generali rises +3,2%. 

Asset management securities are also protagonists. Azimuth it rises by 3.9% after the release of data from the June collection. In the first half of the year, the figure of 1,49 billion (+73%) was reached, achieving the goal for the entire year in just six months.

Mediolanum is up 3,32%. 

Among the industrial stocks the forerunner is Fiat +2,7% after the group communicated that it will exercise another purchase option on 3,3% of Chrysler. The Stoxx index of automotive companies rose by 2,4%. Exor +1,83%, Fiat Industrial +0,35%. Pirelli earns 1.95%.

Finmeccanica up 1,07%, Stm up 1,38% despite the rating cut by Fitch, Prysmian up 1,89%.

Leap forward by  Rcs Media Group +6% In evidence, among the utilities, Enel +2%.

Finally Luxottica salt by 2,37%, Ferragamo +1,26%, Brunello Cucinelli +2%, Tod's +0,26%, Safilo +2,30%.

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