Piazza Affari rises on the wave of the rescue of Monte Paschi, which gives tone to the banking sector. Some thrills are guaranteed by the rumors about Telecom, at the center of the rumors about a possible castling in an anti-takeover function.
The FTse Mib index rose by 0,9% around 19.300 points. The other squares, already concentrated on the Christmas weekend, were less moved: Paris +0,1%, Madrid +0,4%, London unchanged. Modest increase in Frankfurt +0,13% after the agreement between Deutsche Bank +2,85% and the US Justice Department: the bank will pay a fine of 7,2 billion dollars. Credit Suisse -0,7% (from +2% at the start) also signed an agreement with Washington: the bank will have to disburse 5,28 billion dollars to settle the dispute over the sale of securities linked to subprime mortgages.
The title Mount Paschi is suspended from the list, but the news that retail bondholders will not suffer losses has been welcomed by the market. However, the process of the provision will be complex: before Monte dei Paschi receives state aid, there must be a bail-in, according to the spokesman of the president of the Eurogroup, Jeroean Dijsselbloem.
Qatar, which withdrew in extremis from the intervention in Siena, has directed its attention towards the next capital increase of Unicredit +1,9%: the institute has collected the confirmation of the BBB+ rating by Fitch. Both Bpm and Banco Popolare are on positive ground (both +2.%) now one step away from the longed-for wedding. Ubi also rises +2%: the government decree will be extended to the banks subject to resolution a year ago pursuant to the bail-in.
Meanwhile, the spread between Italian and German ten-year bonds restarts from 158,9 basis points with a yield of 1,85%. With closed markets, the quantities and types of medium/long-term securities on offer in the auction of 29 December will be communicated which, together with the placement of six-monthly BOTs of the day before for 6,5 billion, will inaugurate the cycle of regulated issues for 2017, year in which the gross refinancing needs will increase compared to those of 2016, by more than 400 billion.
New twist in the Bolloré match.
La Stampa launches the hypothesis according to which the Cassa Depositi e Prestiti enters the capital of Telecom Italy +2,8% with a share similar to that of Viventi, about 24% in order to block the sale to Orange and force Vincent Bolloré to negotiate on Mediaset and Generali: potential cost of the move, 2,4 billion.
In Piazza Affari the guard remains high even up Mediaset +0,85%, after yesterday, with the markets closed, the French Vivendi declared that it already owns 28,8% of the group, and 29,94% of the voting rights. The shares are distributed upwards and mark +1,7%.
Fiat Chrysler it rises by 2,2% and is approaching the highs reached on 15 December at 8,69 euros. The automotive group's positive performance continues, after it sold 75.265 cars in Europe in November, 10,1% more than in the same month in 2015. Since the beginning of the year, the share has risen by 1,4% and since the beginning of a positive trend of 69%.
Among the industrial stocks also rise Brembo +1,6% and Prysmian + 0,7%.
Also worth mentioning Luxottica +1,1% after announcing the renewal of the license with Ralph Lauren. positive Recordati + 1,8%.
