You get used to everything. Also at Donald Trump pirouettes which, after a day of respite, has relaunched the post on duties raising the demands on Beijing's imports to 100 billion who has already promised "a strong reaction". European markets, now resigned to a long and uncertain challenge, are reacting with a contained decline after Thursday's euphoria. In Milan the index Ftse Eb it loses 0,17% remaining just below 23 points.
Negative change for the Dax of Frankfurt -0,6%, also penalized by a data on German industrial production, lower than expected. Down the Cac40 of Paris,-0,4%. London -0,2%. Down also Madrid -0,3% and Zurich -0,6%.
Among the oil companies Eni -0,17% is in talks to sell a portion of the field in Mexico, in order to pocket between 0,7 and 1,2 billion euros. Tenaris -1,79%. Saipem -1,6%.
The race continues in Piazza Affari Tim +3,06% to 0,82 euros after that CDP has made official its intention to shortly acquire a stake of up to 5% of the capital. The Cassa intends to solicit the dry and immediate spin-off of the network, plus the conversion of savings +2,71%.
Setback for Fiat Chrysler -0,1% after the leap forward on the eve of theannouncement of the Magneti Marelli spin-off. Based on industry multiples, the company could be worth around $5,5 billion with a market capitalization of $4,5 billion plus $1,1 billion in debt. According to a simulation by Banca Imi, the spin-off could add up to 24,5 euros per share to the current target price on FCA of XNUMX euros (rating buy).
In the automotive Brembo -0,3%. Sharply up Pininfarina +3,27%, after a week marked by volatility.
The other industrialists held back by the trade war winds are also weak. They especially suffer Prysmian -3,1% and Cnh - 2,55%.
Thanks also to the new bank increase Mount Paschi + 4,94% in the wake of Viola e Profumo's acquittal request and awarded by Barclays, the banking sector +0,2% grows more than the European average -0,4%.
Unicredit +0,4%. Barclays raises its judgment to Overweight, target price at 19,50 euros.
leap of Creval +3,8% after signing an agreement with Algebris for the sale of a portfolio of non-performing loans at a price exceeding 43% of the gross book value which amounts to over 245 million.
