The Sentix index signals that the optimism of European investors is growing, increasingly inclined to buy shares, with particular attention to small and medium-sized enterprises. All the lists go up, with the exception of Business Square: Ftse Mib index -0,1%, around 20.800 points. It does much better Paris, up 0,8% in the wake of Emmanuel Macron's affirmation in the legislative process. Frankfurt +0,7%. They also go up Madrid (+ 0,6%) and London (+0,5%) on the opening day of the Brexit negotiations, which began at 11 in Brussels.
The Eurostoxx banking index increases by 0,9%. Good performance for French stocks. They go up BNP Paribas, Société Générale e Crédit Agricole. It also shines in Zurich Swiss credit (+3%), after positive research notes from Morgan Stanley, Citi and Deutsche Bank.
On the contrary, the banks in Milan are weak: the solution for the Veneto banks is marking time. Unicredit drops by 0,4%. The group sold to MBCredit Solutions, specialized in the management of non-performing credits, a portfolio of non-performing loans with a nominal value of 450 million euro. Understanding -0,6% B for Bank -0,4%. Positive Bpm bank (+ 0,7%) and Where's Banca (-0,1%).
Recommended Banca Carige (+2,4%), which transferred a portfolio of non-performing loans for a gross euro 938 million to a special securitization vehicle which will issue securities of different classes in the coming weeks. The mezzanine and junior notes will be sold to third party investors and the Gacs state guarantee will be requested on the senior notes.
Yields still declining for i ten-year BTPs, which are trading down 1,94% this morning, up from 1,98% on Friday. The spread with the Bund drops to 165 basis points, that with the Spanish Bono to 50 basis points, the lowest in the last month.
Also noteworthy is the performance of the Italian government bond Greece at 2 years, dropped to the new low since 2010 at 4,33%, after the agreement with the creditors.
Stable Brent oil at 47,5 dollars a barrel (-0,1%). Over the weekend, Saudi Arabia's energy minister, Khaled al Falih, said that the oil market would return to balance in the last quarter of 2018. Last week crude oil lost 1,6%: it was the fourth consecutive week of falling prices. Meanwhile, the number of active drilling rigs in North America continues to grow, reaching the highs of the last two years. Eni +0,7%. Saipem -0,5%.
Saras increases by 3,3%, up 25% since the beginning of the year, to which another 4,5% must be added thanks to the dividend of 0,10 euro per share detached in May. The share is favored by the holding of refining margins.
Telecom Italy -1%. The government threatens to seek damages from the company if it goes ahead with the plan to lay the fiber optic network in rural areas. The company has launched the super-fast connection of up to 200 Megabits with FttCab technology in around 1.300 Municipalities throughout the country.
StM up 1%, from -11% last week. Goldman Sachs raised the target price to 13,7 euros from 11,8 euros, confirming the Neutral rating. Prysmian + 1,6%.
Campari +1,4%: HSBC raises the target price to 7,4 euros from 6,2 euros, confirmed the Buy opinion. Buzzi +0,1%: Fidentis raises the target price to 28 euros from 27,5 euros, confirmed the Buy rating.
in luxury, Moncler -1%: "We're doing well, it depends on the markets, but in general we can say that we recorded a good first semester", said the president and CEO of the company, Remo Ruffini, this morning on the sidelines of the fashion show for the presentation of the summer collections.
The Giglio Group thing continues in Aim (+16%), which extends the +8% on Friday. Instead, they lose ground Salini (-1,5%) and Amplifon (-1,3%).
