The dollar rises on the wave of the statements of the vice president of the Fed, Stanley Fischer, and the weakening of theeuro (trading at 1,129 from 1,132 on Friday evening) favors the recovery of the European stock markets. Business Square, thanks to the recovery of the banks, is the best price list: in Milan the Ftse Mib index rises by 1,2%. Frankfurt + 0,9% Paris e Madrid + 0,7%.
Fischersaid in a speech Sunday in Aspen that inflation is close to the 2% target. However, the central banker expects growth to pick up in the coming quarters, which has strengthened the outlook for a rate hike this year.
Instead last Saturday the governor of the BoJ, Haruhiko Kuroda, he argued in an interview with the Sankei newspaper that there is room for a rate cut in Japan, even though they are already in negative territory. For Kuroda, the Institute will be able to take this move "without hesitation".
Slightly higher opening for the bond market Italian: the 1,117-year yield falls to 1,134% from 117% at Friday's closing, while the spread with the same maturity of the Bund stands at 118 basis points from XNUMX on Friday evening.
Il Petroleum Brent is retreating from the highs for the period reached last week: the reference crude for the North Sea loses 1,5% to 50,1 dollars.
Eni 0,8% salt. The CEO Claudio Descalzi it said that the sale of a stake in the gas field in Mozambique should be closed by the end of the year. In his speech at the Rimini meeting, the manager also said that the negotiation has also advanced regarding the sale of a share of the Egyptian field of Zohr.
In Europe, the banks (Stoxx index +1,4%) and the companies ofautomotive (Stoxx +1,6%). Featured in Paris Carrefour climbs 3% on the day of Bernstein's Outperform promotion.
In Zurich the shares of Syngenta they went up 13% after that US authorities approve the 44 billion dollar offer advanced by ChemChina (controlling shareholder of Pirelli).
The banks partially recover: Understanding salt by 2%, Mount Paschi +1% and Unicredit +2,6%, a stock that has lost 8,4% in the last three sessions, amplifying the negative movement of the European banking sector (-3,7%), now recovering with a +1,7%.
Where's Banca +2%: the company could present an offer for the Nuova Cariferrara. Banca Popolare dell'Emilia Romagna would instead be preparing to step forward for the Nuova Banca delle Marche and for the Nuova Banca Etruria. The stock rises by 2,8%.
Azimuth is up 2%, Generali + 2% UnipolSai +2,8%. Advance Fiat Chrysler (+2,14%) thanks to the rise of the euro.
Salt too Mediaset (+0,44%). Banca Akros reaffirmed its accumulated rating with a target price of 4,20 euros. The judicial move "serves to increase the pressure on Vivendi and to protect the economic interests of the company", explain the analysts, convinced that the recent collapse in the share price on the stock exchange has more than discounted the potential financial damage.
Rest (+0,13%) has completed the acquisition for $36,8 million of the airport catering business of Concession Management Service which controls 12 outlets at Los Angeles International Airport and 4 at McCarran International Airport in Las Vegas.
Molmed jumped by 10,19%, to 0,3849 euros, after the European Commission granted the conditional placing on the market for Zalmoxis. It is the first cell therapy based on the engineering of the immune system, used in combination with haplo-identical hematopoietic stem cell transplantation in adult patients with leukemia and other high-risk blood cancers.
