Piazza Affari swerves, but in the end closes with a slight increase +0,11%, 22.057 points, while Juventus (+5,71%) toasts the arrival of Cristiano Ronaldo, with the official announcement of the champion's transfer to the black and white club by Real Madrid.
Thus ends a session seasoned with a few twists. The most relevant is due to the Minister of European Affairs Paolo Savona, in hearings in the House and Senate committees on EU policies. We talk about the euro and Savona intervenes like this: “He says: 'But you want to get out of the euro'. Mind that we can find ourselves in conditions in which it is not we who decide but others. My plan B position, which has altered the knowledge and interpretation of my ideas, is to be ready for any event. This is enough to make the markets nervous: the Ftse Mib goes negative and the spread reaches a peak in mid-afternoon. In the end, however, everything normalized and the differential with the Bund also contracted to 236.20 points (-0,17%).
The other European price lists were positive, with the exception of Madrid, -0,42%; Frankfurt +0,53%, Paris +0,67%, Zurich +0,14%; London +0,05%. Well the oil stocks in turn supported by the rise of the black gold. Brent $78,79 a barrel, +0,92%; Wti $72,39, +0,57%. A push up comes from Wall Street, which remains optimistic looking forward to the big banks' quarterly reports starting Friday. Today Pepsi showed better than expected accounts and travels well tuned.
While Donald Trump is embarking to reach Europe, to participate in the NATO summit, then meet Theresa May, then Vladimir Putin, the dollar is recovering ground: the exchange rate between the euro and the greenback is 1,172 (-0,17%). The single currency also slides against the pound, following yesterday's disarray in the British currency. Cross 0,883395 (-0,35%).
In Piazza Affari the banks are suffering, Bper -1,94%; Unicredit -1,61%; Understanding -1,6%; Ubi -1,47%. The worst stock is Telecom, -2,48%, affected by a study by UBS, which revised the opinion on the stock to 'sell' from 'neutral' and the target price to 0,59 from 0,83 euro per share .
Conversely, Ferragamo, +3,02%, conquers the top of the list, after the recent losses, thanks to the promotion of Jefferies to 'hold', with the target price unchanged at 19 euros. Brembo +2,66%, Recordati +2,48%, Cnh +2,33%, Moncler +2,23% performed well. Fiat appreciates, +0,84%, which is a "buy" for Ubs.
Outside the main basket, Fincantieri, +7,43%, takes advantage of some press rumors, according to which the company is working on a 20 billion dollar maxi-order from the US Navy for twenty frigates.
Banca Carige remains flat on the day of the board of directors and the surprise request by the shareholder Raffaele Mincione, for a meeting to revoke the current board.
Fnm leap of 11,48%, after ending up in a volatility auction, in view of a reorganization of the subsidiary Trenord, as announced by the governor of Lombardy, Attilio Fontana.
Finally, last but not least, the Juventus, remained confident throughout the day in the arrival of Cristiano Ronaldo and took off at the end: +5,7% to 0,898 euros when Real Madrid formalized the sale of Cristiano Ronaldo. In fact, today the president of Real Madrid, Florentino Perez, and the agent of the Portuguese champion, Jorge Mendes, met to define the price of the card. In the end, the knot was resolved and Perez would have accepted Juve's offer: 105 million euros. The agreement with CR7, however, is already discounted: the 5-time Ballon d'Or player will have a four-year contract worth 30 million euros per season.
