FLAT EXCHANGES WAITING FOR AMERICAN DATA
AUTOGRILL SHINES. WAITING FOR THE STM ACCOUNTS
Flat seat in Piazza Affari. Day without history also in the rest of Europe. Everyone is looking carefully at the data which, starting tomorrow, will start pouring in United States, where the statistical offices are waking up after the 16-day budget hibernation.
They will come out in order labor market data to the construction industry, from private consumption to factory orders.
Also to Wall Street we are witnessing a waiting session: the S&P index is slightly down, the Dow Jones falls by 0,17% and the Nasdaq rises by 0,12%. The market seems to want to take a break after the stretch that brought the S&P500 index to all-time highs on Friday (+22% since the beginning of the year).
In Milan the Ftse/Mib index it retreats by 0,04% to 19269 points.
Also the Frankfurt Stock Exchange is practically unchanged, Paris down by 0,21%, London +0,48%.
The change euro/dollar it is little moved at 1,367.
As regards the government bond market, the yield on 10-year BTPs rose slightly to 4,18%, with a spread of 234 (+1 basis point).
In times of calm, it was the stocks affected by the brokers' repots that moved. Autogrill sle of 4,05%% after JP Morgan raised its recommendation to "overweight" from "neutral", target price to 8,50 euros.
Luxottica drops by 2,56% e Tod’s loses 2,65%: both were downgraded by Goldman Sachs to “sell” from “neutral”.
Goldman Sachs itself instead confirmed the “buy” opinion on Ferragamo, up 1,6% and reaffirmed the "neutral" on Brunello Cucinelli -1,1%. Confirmed the "sell" on Geox, down by 1,2%.
Fiat retreats by 2,4%. This morning Fidentiis cut the recommendation from "hold" to "sell". The valuation assigned is between 5,2 and 5,6 euros. Since the beginning of the year, the stock has gained 58%.
Stm +2,23%. Tonight, after the closure of the US markets, the data for the third quarter will be announced.
Among the other titles, the Berlusconi team stands out: Mediaset +1,06% and Mediolanum +2,23%.
Snam +0,53% after detaching the coupon.
Forgiveness hits Enel -0,68% and Telecom Italia -1,8%. They go up A2A +0,8% and Atlantia + 0,89%.
