The surge in crude oil (+1,44% Brent at 63,77 dollars) on the wave of the seizure of the British tanker by the Iranian Pasdaran supports the Italian stock market in positive territory +0,24% close to 21.700 points thanks to the performance of oil stocks: Eni gains about 0,8%. In view of the six-legged dog's quarterly, due out on the 26th, the consensus estimates a net profit of 936 million euros, +22% on the same period of 2018, but -6% on the previous quarter. Fidentis confirms the buy judgment. Saipem + 1%. Tenaris approximately +1,1%.
Similar trend to Paris +0,18% and Frankfurt + 0,1%. Madrid + 0,08%. London +0,28%, on the last day to elect Theresa May's successor. brake theeuro at 1,12 against the dollar in anticipation of Thursday's meeting of the European Central Bank, which will be followed by the same appointment with the Federal Reserve next week. Gold rose by almost half a point to 1.430 dollars an ounce, just below a six-year high.
In anticipation of Wednesday's meeting between the premier, Giuseppe Conte, and the ministers responsible for autonomy, lo spread Btp/Bund drops to 190 basis points before recovering to 197, with yields on 10-year Btp at 1,64%. Tomorrow evening the Treasury will announce the terms of the first Italian auction at the end of the month: Unicredit expects 2,5 billion Ctz and up to 1,35 billion Btpei.
In Piazza Affari slow down Enel -1,4% to 6,2 euros which pays the detachment of the final dividend (14 cents). Enel will distribute 1,423 billion to shareholders, the same amount already anticipated in January. The transaction had a negative impact on the Ftse Mib of 0,32% at the opening of trading. With Enel's balance, the 2018 coupon season of the big names in Piazza Affari, which began in April, ends.
Advance instead Campari +0,2%. The company has entered into exclusive negotiations with Financière Chevrillon and a group of minority shareholders with the aim of acquiring the French company Rhumantilles AS which, through Bellonnie & Bourdillon Successeurs, owns the French rums Trois Rivières and The Mauny
Fiat Chrysler flat, the company has entered into an agreement with Crédit Agricole to extend the 31/2024 joint venture in FCA Bank until XNUMX December XNUMX.
It stands out among the credit titles Ubi +1,4%, which has sold about 900 million gross of non-performing loans with a gross impact on the income statement of approximately 104 million to be booked under the item "loan adjustments".
Unicredit +0,3%: Jean Claude Mustier has denied the hypothesis of an agreement with Commerzbank.
Insurance companies are better: Unipol + 2,4%. Catholic -0,1%. Dimensional Fund Advisors has 5,009% of the company's capital in the context of discretionary savings management, according to the latest Consob surveys.
Mediaset (-1,57%) and Mediaset Espana also sold today and increasingly distant from the price of the right of withdrawal set at 2,77 and 6,54 euros respectively, for those who do not intend to participate in the operation to put under a European holding company the Italian and Spanish television activities. At these prices, the objective of approving the Media for Europe project in the assemblies on 4 September is becoming increasingly complicated. Vivendi thus has the opportunity to blow up the operation by exercising the withdrawal on the 9,9% held directly (while the remaining 19,19% is in Simon Fiduciaria). This afternoon the Alfa board meets on Vivendi's request to convene a new extraordinary meeting to cancel the resolutions passed on April 18, including that of multiple votes.
One more warning about Tod’s -0,7%. Jefferies expects a weak second quarter.
