The European stock exchanges are recovering after a downward start conditioned by the disappointing outcome of the Ecofin summit on Greece. Lead the fight back Frankfurt (+0,45%) after the announcement of the Deutsche Bank cleanup operation which announced a 3,9 billion euro restructuring.
It also regains altitude Business Square: -0,15%, to 23.392 points, a net recovery compared to the 0,8% decrease recorded at the start. Slight discounts also a Paris (-0,16%) And Madrid (-0,12%). Unchanged London.
The Exchange of Athens it loses 0,2% after three consecutive sessions of large increases: the markets trust in the action of Angela Merkel, who has taken on the task of keeping a direct line with the Greek premier Alexis Tsipras.
Morning characterized by weakness also for theItalian bond. The 1,44-year yield rises to around 1,43 from 130% at the end of Friday's session and the spread with the same maturity of the Bund widens to around 2,75 points. The Treasury awarded a total of XNUMX billion this morning between Btpei and Ctz, which recorded a new all-time low yield, down to 0,079%.
The mid-session improvement in European stocks is driven by industrial stocks and in particular the auto sector (European Stoxx +0,8%). The three big German car manufacturers are up sharply: Volkswagen +3,1%, Daimler +1,9% and BMW +1,2%. In Milan, Fiat Chrysler rises by 0,7%.
The push of Mediaset: +5,4%, at 4,5629 euros, after having reached a maximum of 4,6440 on the wave of rumors from La letter de l'Expansion on possible targets of Vivendi. The future reference shareholder of Telecom Italia (-2,04%), strong in liquidity of 11 billion euros, in addition to studying the purchase of a stake in EuropaCorp, founded by the director Luc Besson, would have in his sights the purchase of the televisions of the Berlusconi group. Another indiscretion signals the possibility sale of Premium to Sky Italia.
In the meantime, comforting notes come from the assembly of Understanding (+0,9%), which moved into positive territory after a slow start: "I see a positive 12015", said CEO Carlo Messina. They also advance Unicredit (+ 0,5%), Pop.Milan (+ 0,4%) and Mediobanca (+1%). Instead, back off Ubi (-1,2%) after Saturday's shareholders' meeting.
Among the insurances, the awakening of Generali (+1,4%) should be noted. UnipolSai -0,3%.
Enel falls (-1,2%), having difficulty in selling its assets in Slovakia due to the opposition of the local government.
Slip by Ferragamo (-2,3%), victim of the downgrade of Equita which cut the recommendation to hold from buy.
