After a morning in negative territory, in the early afternoon Business Square resets losses and turns slightly higher (+0,15%). Milan is the only one of the main European stock exchanges to gain: in the same minutes London and Frankfurt lose 0,8%, while Paris falls by 0,6%. The alarm dominates the markets for the situation in the United States, which on October 17 risk technical default if Republicans and Democrats do not find an agreement on raising the debt ceiling.
Stable it BTP-Bund spread, which remains around 250 points. On the currency market, the euro trades at 1,3574 against the dollar (1,3604 on Friday) and at 131,56 yen (132,06). The dollar-yen ratio stands at 96,9355 (97,075). As for crude oil, the WTI slipped by 1,04% to 102,76 dollars a barrel.
The strong rise of Ps, which gains 5% on the day the Board of Directors is called to approve the restructuring plan agreed with the Treasury Ministry and the European Commission. The plan will serve to obtain the definitive green light for the so-called Monti bonds worth four billion euros.
The rise of also stands out in Piazza Affari Finmeccanica (+2,77%), following the sale of the subsidiary Ansaldo Energia. Kepler Chevreux raised the target price from 4,7 to 6,5 euros, Buy opinion.
Other top titles include World Duty Free (+ 5,05), Where's Banca (+ 3,46%) and A2a (+2,53%). Among the banks, positive too Unicredit (+ 1%) and Intesa Sanpaolo (+ 0,77%).
The tug of war with the Veba fund on Chrysler shares continues to damage Fiat (-0,08%), included in Bank of America Merill Lynch's list of European automotive companies to avoid. Cnh Industrial loses 1,13%.
Among the industrialists, Pirelli rises by 2% after Mediobanca raised its rating and target price. The worst stock of the blue chips is that of Telecom Italy (-2%), followed in the downgrade ranking by Luxottica (-1,40%), Campari (-1,37%), Tod'S (-1,30%) And Exor (-1,17%).
