Share

Stock Exchange, Piazza Affari is queen again for a day

On the wings of Generali, Enel and Intesa, the Milan Stock Exchange gains 1,37% and scores the best performance in Europe – Unipol also does well – Sales on Tenaris, Luxottica, Azimut and Recordati – All the lists of the Old Continent are positive .

A wave of optimism is crossing the main world stock exchanges today, driven by Wall Street which, at the beginning, still updates the historical highs on the Dow Jones, S&P 500 and Nasdaq.

The European markets all close above parity and Milan is confirmed in first place, with an increase of 1,37%, followed by the FTSE 100 of London at +0,62%, the Ibex 35 of Madrid +0,43% , the Cac 40 of Paris at +0,41%, the Dax of Frankfurt +0,27%. The financial sector records the largest gain; telecommunications services, real estate, energy and industry stocks also did well. There is also a little more consumer confidence in the euro area.

Queen of the Ftse Mib is Generali, which rises by 4,19%. The headline was pushed up by the press news of a possible cut of 8 employees, excluding Italy, corresponding to 10% of the entire company, which currently employs 76 people, 15 of whom in our country. Further news will be announced tomorrow in London, during the "investor day", where the point will be made on the industrial plan. Followed by Unipol +3,3% and Unipolsai +2,94%. 

Enel, who had conquered the podium this morning, remains on the shields at +3,12%. Effervescent financials: Intesa Sanpaolo +3,18%; Unicredit +2,65%; Mediobanca +1,82%; Banca Mediolanum +2,52%; Bfor +1,98%; Banco Popolare +0,59%; Bpm +0,65%. On the other hand, Mps is at stake, falling back by 1,95% even if the quorum for Thursday's meeting seems to have been reached. This is 20% of the capital, eligible to approve the increase from 5 billion; the contribution of foreign funds was decisive. 

The president of Acri, Joseph Guzzetti, however, says he is worried about the impact that a negative outcome of the referendum could have on the situation of the Sienese bank, Popolare di Vicenza and Veneto Banca, because foreign investors are currently on the sidelines.

Black and white energy. Eni +0,88%, while Iran extends its hand. "I hope that ENI will return to work in Iran - says industry minister Mohamma Reza Nematzadeh - because the country is an important hub not only for petrochemicals, but also for engineering and large infrastructure projects". Saipem -0,37%; Snam +0,1%; Tenaris -3,19%. Italgas stands out among the utilities, +2,36%. 

Oil is proving to be quite volatile today, pushed up and down by mixed news. On the one hand Nigeria, according to which already today in Vienna, in the preparatory talks, OPEC countries could reach an agreement; on the other, Iraq, on the other, which is asking for exemption from the cut in production due to its fight against the "Islamic State". At the beginning, black gold is down in New York, trading at 48,03 dollars a barrel (-0,44%). 

Returning to Piazza Affari: CNH Industrial rally, +1,86%, which launches a cash offer for up to $400 million of senior notes maturing in 2017 issued by its subsidiary Case New Holland Industrial. Stmicroelectronics +2,96%; Exor +1,97%; Telecom Italia +1,17%; FC +0,99%. Among the worst stocks Luxottica -2,72%; Recordati -2,45%; Salvatore Ferragamo -1,69%; Azimuth -2,17%.

comments