Still up for the European lists in the belief that the next meeting of the Fed will not reserve bad news for the Stock Exchanges. In Milan in the early afternoon the index Ftse Eb it increases by around 0,5%, to 22.342 in line with Madrid. Better than Paris and Frankfurt, up 0,2%. London +0,4%.
The upside is favored by the prospect of new Wall Street records: futures on the US stock market anticipate a start up by 0,2%. The dollar also recovered, traded at 1,192 against the euro, from 1,194 on Friday evening. The euro/sterling cross consolidates last week's brilliant +0,88% at 3,6.
On the bond market, the 10-year BTP strengthened (the yield fell to 2,02% from 2,07% on Friday).
Crude oil is holding above $50 and remains close to the highs reached last week following the drop in drilling in the United States for new fields and in conjunction with the reopening of refineries affected by Hurricane Harvey. Brent in London loses 0,04% to 55,60 dollars a barrel, while Wti loses 0,12% to 49,83 dollars.
Oils are positive: Saipem +1,55%, after Rosneft commissioned the company to carry out a technical and commercial feasibility study for a petrochemical plant project in Russia's easternmost region.
Tenaris + 0,33%. Eni it is traded at 13,52 euros, down 2,1% compared to 13,81 euros on Friday evening, but taking into account the detachment of the interim dividend (40 cents) the share rises by 0,9%.
On the European Stock Exchanges, the rise was driven by Banks (Stoxx of the sector +0,8%) and Automotive stocks (+0,8%). But in Piazza Affari Telecom Italia is holding the court, earning 3,4% at 0,8065 euros, a race fueled by the hypothesis of network separation. The proportional demerger of the telephone company into two realities which would consequently find themselves listed on the Stock Exchange and controlled by Vivendi at 23,94% is being studied: a Tim of the network, which would also include Sparkle and Telsi (the two companies involved in the examination for the golden power), and a Tim Servizi. At this point Tim's controlling share of the network would be taken over by the CDP. According to Akros, "it is an intriguing scenario, not new and not improbable".
The light shines among the industrial stocks Leonardo +1,8%. In addition to the Italian-French maneuvers on the naval pole, the ferment in the defense sector is linked to the rumors according to which the American group Northrop Grumman is about to buy Orbital ATK for 7,5 billion dollars, going to create a supergroup with aeronautical skills to missiles, to defense electronics.
Stm] rises by 1% (net of today's ex-dividend). New historic record for Fiat Chrysler +1,44% above 14 euros. It also advances Ferrari +1,75%, despite the blow from Singapore. Exor + 1,03%.
The luxury is also good. On positive ground Tod’s + 0.85% Yoox +1,29% and Ferragamo + 1,28%.
Among the banks go up Unicredit + 0,96% Understanding + 0,82% Bpm bank +1,59% and B for Bank +1,39%. Generali +1,79% stands out in the insurance sector.
In the rest of the list collapse of esprinet which drops 12,79% after it lowered its profitability targets for 2017. Conversely, it continues to rise Landi renzo which grows by about 7,69% after last week's jump in the wake
of the presentation of the plan to 2022.
