Bag, the iPhone pushes Stm. Tonfo Saipem

The ECB leaves rates unchanged – Morning on standby for European lists. Milan on roller coaster due to Tria-M5S tensions - Turkish lira still down, governor raises rates - Ferrari also doing well in Piazza Affari, Prysmian rebounds - Campari down, Telecom Italia gives way again - Eni approves interim dividend

Rates go up. But not in Frankfurt where, as expected, the central bank left rates unchanged in the same way as the Bank of England did. But the same did not happen in Turkey, where Erdogan had to bow to the choices of the governor (and of the markets) by accepting an increase of 625 basis points. The decision was necessary to counter the fall of the Turkish lira.

The day on the Italian debt front was much less mixed: the market absorbed the auction of Italian medium-long term securities without difficulty for 7,75 billion. Everything went smoothly with the BTP auction, a crucial event of the morning. 1,5 billion euro of 30-year BTPs were assigned, with a coverage ratio of 1,28. The entire 3-year offer (3 billion) and the new seven-year offer was also placed. The political difficulties, including rumors, did not weigh on the market denials of resignation of Minister Tria. The Bund-Btp differential is at 236 basis points.

Piazza Affari waiting for Mario Draghi: the Ftse Mib index travels below parity at 20.953 points. Frankfurt +0,5% and Paris +0,49% did better.

Back off Saipem -3,8% after the departure of the financial director, but SocGen raises the target to 5,46 euros. Down too Campari (-2,17%), Moncler (-1,87%) And Cnh (-1,52%).

Eni +0,2%. The board of directors approved the distribution of an interim dividend of 0,42 euro on 24 September. The hypothesis of an entry into Alitalia has been denied.

On the contrary, the executive seems willing to push Poste Italiane (-0,7%) in the flag carrier.

Sale stm +1,8% in line with the other Apple suppliers after the presentation of the new iPhones. Retrieve some positions Prysmian (+0,5%) after the crash on the eve.

Fight the banks: Intesa Sanpaolo -0,47%. Unicredit + 0,9% Bpm bank + 1,39 %

In the rest of the list:

Mediaset +0,2%, is working on something big and complex, as part of the pan-European aggregation project between generalist TVs; said the managing director Pier Silvio Berlusconi yesterday evening during the press conference to present the new Retequattro. The CEO also anticipated the fate of Mediaset Premium: it will be sold to Sky.
Positive Ferrari + 0,7%. Fiat Chrysler -0,3% after yesterday's +5%.
Ferragamo -1,5%, the family denies the sale hypothesis.