MEDIASET FLIES, LOOKING FOR SALE FOR ANSALDO STS
MILAN WEAK WAITING FOR BERLIN'S VOTE
Markets look to Berlin. With the post-Fed emotions exhausted, European stock exchanges pause to await the results of Sunday's vote in Germany.
In Milan the Ftse Mib index -0,17% is down slightly to 18.028 on a day marked by important technical deadlines.
There is waiting for the publication of the update note to the Economic and Financial Document (Def). Government sources anticipated last night that the new GDP forecast for this year is -1,7% from the previous -1,3% and about 1% from 1,3% for 2014. telephone in London – 0,03%, Paris +0,12% and Frankfurt +0,16%. Madrid -0,18%.
The euro is stable against the dollar at 1,353. The European currency rose against the yen to 134,4, the highest since 2010 after the words of Boj governor Haruhiko Kuroda who confirmed the bank's expansive policy.
Uncertainty does not disturb the market for government bonds: the yield of BTPs is stable at 4,29%. The Btp-Bund spread fell to 234bp, the lowest since 2011.
To hold court is Finmeccanica +0,18% after a sharp start to decline after Moody's downgraded its rating from Ba3 to Ba1, a non-investment grade level. Merit of the rumors on the forthcoming sale of the subsidiary Ansaldo Sts +2,83%.
Sharply down TelecomItalia -1,44% despite the American broker Bernstein confirming the positive "outperform" recommendation, arguing that the Italian telecommunications company will soon sell the Brazilian subsidiary Tim Brasil.
Run instead Mediaset +2,97% after Morgan Stanley raised the target price to 3,62 euros and confirmed the "equal weight" rating.
Among the banks, Unicredit drops by 0,93% and Intesa drops by 0,12%: the two main banks consolidate yesterday's strong gains. MontePaschi falls -0,72%. JP Morgan cut the share's target price from 0,17 to 0,12 euro, confirming the underweight rating.
Pop.Milan +0,76%. The institute will respond to the findings of the Bank of Italy on the last useful day, 23 September. In fact, the decisive round of councils will be held on Monday, the management council in the morning and the supervisory council in the afternoon, to approve the response letters to the Supervisory Authority.
Between the mid cap Yoox stands out with a rise of 5,3% (new historic highs) In the luxury sector Tod's +0,51%, Ferragamo +1,26%.
Italy Independent +7,2%. After the results Equita sim judges Lapo Elkann's title to buy.
The rally also continues dthe Brembos which rises by 4% and updates the historical highs at 19,41 euros.
Atlantia +1,11%. A broker believes the rumors of a possible entry of Etihad into Alitalia alongside Air France are positive for Gemina, "ensuring the necessary resources for the Italian flag carrier which today has about 40% of Fiumicino movements".
