Advance Al Qaeda in Iraqcrude oil rises moderately: Brent, which in early trading had risen to over 113 dollars a barrel, not far from its nine-month high, gains 0,3% to 112,4 dollars. US crude oil Wti rises by 0,2% to 107 dollars. The euro/dollar exchange rate was little moved to 1,353 from 1,354.
Poco moved to Milan i oil. Eni is unchanged, Saipem +0,6%.
As reported by the BP oil report, the 3 million less oil from the Middle East (and Libya) are offset by the similar increase in US production, at the highest since 1970 thanks to shale gas.
The dispute between Gazprom and Ukraine weighs more on Europe which threatens supplies for the Old Continent.
Under such agitated skies, and moreover on the eve of the monthly meeting of the Fed, the European stock exchanges retreat.
In Milan the FtseMib drops by 0,7% with sales spread across all sectors.
The Paris Stock Exchange loses 0,5%, Frankfurt falls by 0,3%, London -0,2%.
In Piazza Affari it stands out the strong rise of MontePaschi which rose 5,8%, supported by the promotion of Exane which raised the recommendation to Neutral from Underperform.
Brilliant opening also for Banca Carige on the first day of the launch of the 800 million capital increase. The shares, after having marked an opening price of 0,1795 euro, entered the volatility auction when they scored +8,8% at 0,178 euro. The new shares, almost 8 billion shares, will be issued at 10 cents each in an exchange ratio of 93 for every 25 held. In addition to the Carige Foundation, which will subscribe its 19%, this morning also the other important shareholder, the French Bcpe, announced its participation for the share due, 9,9%.
Between other banks Intesa drops by 1,3%, Unicredit loses 1,5% on the day in which the public placement of the shares of the subsidiary Fineco Bank begins.
The Popolari were weak: BancaPop.Milano -0,2%, which repaid 500 million to the ECB, PopEmilia -2,7%, Banco Popolare -2,3%, Mediobanca -1,8%.
Stocks are also down managed savings: Azimuth -2,2%, Mediolanum -1,7%.
The decline of Telecom Italy -2,5%. Mediobanca has exercised the option to leave Telco, the holding company that controls Telecom Italia.
On the basis of current prices, the unexpressed capital gain on the stake due amounts to 110 million.
Fiat -1,3%: the group has decided to issue bonds of up to 4 billion euros, even in currencies other than the euro, to be placed with institutional investors by the end of 2015. The board of directors also approved the merger with Chrysler. CEO Sergio Marchionne confirmed the financial targets for 2014.
According to IHS Global Insight estimates, last month the Lingotto would have marked a 2,9% drop in registrations in Europe to just over 69.260 units compared to a year earlier (6,6% from 7%). a market up 3,6% to nearly 1,06 million.
Pirelli rises by 0,2% net of the ex-dividend, Finmeccanica stabilizes -1,5%, StM -0,6%.
In the field luxury Tod's – -1% and Yoox -1,8% are down.
Sharp decline of Brunello Cucinelli -3,7%.
Between mid and small caps, Cobra flies +49% which adjusts to the price of the takeover bid announced by Vodafone. Cairo , which has made a request for usage rights as a TV operator to the ministry, is up 3%.
Brembo +2%, good increase for Safe Bag +3% which won the tender for the protection of luggage at Fiumicino.
