The Milan Stock Exchange is once again approaching 22 on a positive day for European markets awaiting Mario Draghi's intervention, the first since the announcement of the end of Quantitative Easing. Business Square it rises by around 0,2% around 21.970 points. The high price lists are also positive: Frankfurt +0,1%, Paris +0,5%. London also advanced +0,3% together with the pound which strengthened against the dollar at 0,749 after the resignations of the Minister for Brexit, David Davis and Undersecretary Steve Baker.
THEeuro it is appreciated on dollar to 1,176, from +0,5% last week.
Brent prices are broadly stable on the back of the rise of drilling rigs in the US, which could lead to more production. The Brent contract is up 69 cents to 77,80 dollars a barrel, Wti at 73,68 dollars a barrel.
Eni +0,2%. JP Morgan raises the target price to 16 euros from 14 euros. Tenaris + 2,5%.
Saipem +3,9%, is the best in the list on rumors according to which the group is close to being awarded an important order in Azerbaijan. But the positive opinion expressed today by a report by Morgan Stanley also moved the shares. The US broker writes that "we are positioning ourselves positively on Saipem in view of the expected second quarter results in line with the consensus". According to Morgan Stanley, which maintains the "Overweight" rating with an "Attractive" industrial vision and a target price of 5,8 euros, the catalyst elements are "decisions on contracts, movements in working capital and outlooks on orders.
Highlights too Mediaset +2,4%. Among the industrialists it bounces Prysmian + 2,9%. Leonardo +0,3%. Defense Minister Elisabetta Trenta said in a television interview that Italy will not buy any more F-35s.
Fiat Chrysler + 0,2%. Ferrari unchanged despite the triumph at the British GP. Well Fincantieri + 1,1 e Piaggio + 1.1%.
Among the banks advances Bpm bank +0,9% pending the auction for non-performing loans in which six subjects are expected to participate. The bank could sell up to 10 billion euros of NPLs, depending on the price offered. Where's Banca + 0,7%. Unicredit +0,8%. RBC likes the title and puts it in their favorites list. He just suffers Banca Carige -2,3%. The adviser Francesca Balzani has resigned due to disagreements with management.
Mps Bank +0,9%. She was an investigation into former executives Alessandro Profumo and Fabrizio Viola has been filed by the Milan prosecutor's office, the charge was an obstacle to judicial authority.
The utilities (-0,6% A2a, -0,4% Enel) slowed down the run on the Milan stock exchange, but also the sales on Unipol (-1,2%) and Campari (-0,8%), both in the top 3 of the Ftse Mib last week. The correction phase of Pirelli (-0,2%) continues, already under pressure on Friday.
Generali -0,1%, has almost completed the disposal plan, CEO Philippe Donnet said on Friday evening.
Among the mid caps, the Roman publishing group stands out Gedi (La Repubblica-L'Espresso) +5,7%, attempting to rebound from the lows.
