European Stock Exchanges rise pending Federal Reserve decisions. TO Milano the Ftse Mib index gains 0,3%, around 21.500. The other price lists are even more positive: Paris + 0,7% Frankfurt +0,4%. Salt too London. This morning the Statistical office of the UK he points out that the GDP, "in sharp slowdown", grew by 0,3% in the second quarter compared to the January-March period and by 1,7% year on year.
In Italy the confidence of manufacturing companies rose in July to 107,7 from 107,3 in June, Istat announced. On the consumer front, confidence rose in July to 106,7, from 106,4 in June.
Il dollar recovered: cross 1,164 from 1,17 yesterday, the highest in 12 months.
Lo spread Btp/Bund rose slightly to 156,4 basis points and the yield on the Italian 2,22-year bond to 3,25%. This morning the Italian Treasury allocated XNUMX billion euros in full BTP indexed at 10 years and Ctz at 24 months. In detail, it placed 1,25 billion euro of Btpi maturing on May 15, 2028 with a yield rising to 1,24% (+3 basis points). Demand reached 1,735 billion. In addition, the Treasury has allocated 2 billion ctz compared to requests for 3,281 billion. The Ctz rate (maturity 20 May 2019) is still negative, at -0,16%, but is one basis point higher than in the previous auction.
Under strong acceleration the Petroleum. Brent (yesterday +3,3%) quickly surpassed the psychological threshold of 50 dollars a barrel, posting one of the largest daily positive changes of 2017. North Sea oil is trading at 50,7 dollars this morning the barrel, +1%. Eni + 0,9% Saipem + 0,5% Tenaris + 0,4%.
The conflict between Italy and France on thepurchase of yards Stx by Fincantieri (-7,3%). Yesterday the Italian government rejected the latest offer from Paris: 50-50% capital, governance divided in half. Today the response of the French minister Bruno Le Maire: "If our Italian friends refuse the honest proposal that has been made to them, the State will exercise its right of first refusal".
The reply from Giuseppe Bono, CEO of the Italian group, was dry: "We are Italian, we are European and on Stx we cannot accept being treated less than the Koreans, we do not need Stx at all costs".
Leading the main index of the Milan stock exchange, stm rose by about 3% on the back of second quarter results and the guidance provided by the company above analysts' expectations. Revenues up 13% year over year to $1,92 billion, in line with estimates. Adjusted Ebit 184 million, better than estimates. Forecasts for the third quarter are above expectations.
Also good Telecom Italy (+0,8%). Thanks to the increase in the last few sessions, the performance since the beginning of the year has returned to a positive 3%. Tim Brazil's results for the quarter are much better than expected, profit has tripled. The company has taken the path of recovery, more likely a sale.
Snam +0,65%. The group has signed a definitive agreement with Edison for the acquisition of 100% of the share capital of Infrastrutture Trasporto Gas (Itg) and of a 7,3% stake in the capital of Terminale Gln Adriatico (Adriatic LNG).
Sale Fiat Chrysler (+0,70%) together with the rest of the automotive sector. PSA gains more than 5% after hitting a new profitability record, beating analyst expectations with first-half sales growth.
Understanding, Unicredit, Pirelli e Fenice announced that they had sold 44,86% of the Prelios share capital (+0,6%) to Burlington Loan Management, a vehicle managed by Davidson Kempner Capital, at a price of 0,105 euro per share, for a total of 64,250 million euro.
Down Bpm bank (-0,1%). Three binding offers have arrived for Aletti SGR, one of these, very aggressive, has come from Azimuth (+0,5%). Among the contenders is also Soul Holding, down 1,7%.
Unicredit -1%. The Bank has announced that it has suffered an IT intrusion in Italy, the data of 400 customers have been violated. No data, such as a password, which could allow access to customer accounts or allow unauthorized transactions, has been acquired – communicates the institute – while some personal data and Iban codes may have been accessed.
