MPS CONTINUES FLIGHT. IMMSI TAKES OFF WITH ALITALIA
FLAT BAGS. BEIJING TOWARDS 10% IN DAIMLER
Business Square it is in negative territory, like the other European Stock Exchanges.
The FtseMib index fell by 0,36% to 16.915, after breaching the psychological threshold of 17 points in the morning for the first time since last March.
The London Stock Exchange falls by 0,39%, Paris -0,69%, Frankfurt -0,59%.
The Btp/Bund spread rises to 280 basis points.
Slow opening on Wall Street, on a day with no macroeconomic data and on the eve of the start of the earnings season. All 10 sectors of the S&P -0,44% are negative. The Vix, the Dow Jones dropped 0,49% to 13.373 points, the Nasdaq 0,47%.
Banks climbed across Europe as sales hit oil stocks and utilities in particular, on which profit-taking is felt today after the strong gains of recent days.
The European Stoxx index for the sector rises by 1,5% led by Unicredit which advances by 3,3%. The German Deutsche Bank rises by 3,7%, the French BnpParibas gains 3,7%, Barclays +3,9%.
In Milan, the rise of Monte dei Paschi stands out which gains 8,7% (after +13% last Friday). In addition to the advantages for the postponement of Basel 3. Intesa +1,8%, Banco Popolare +2,7%, Pop.Milano +1,3% are also doing well.
Among industrialists, Fiat is flat, Finmeccanica -0,9%, StM rises by 1,5% after Bank of America raised its target price to 7,1 euros.
Daimler climbs in Germany +1,5%, after rumors in the Beijing press according to which the Chinese sovereign wealth fund CIC (China Investment Corporation) is preparing the purchase of 10% of the German giant of trucks and Mercedes cars.
Weak utilities: Enel -1,5%. Snam -1,9%, Terna -1,7%. Deutsche Bank cut both stocks to “Hold” from “Buy”.
Marked decline of Eni -1,6%, Tenaris falls by 2,4%. In Paris, Total falls by 1,8%. Brent prices are down slightly to 110,7 dollars a barrel (-0,5%).
Among the mid caps, Immsi leaps, suspended upwards (+16%) on the rumors of a possible sale of Alitalia to Air France. Immsi, Roberto Colaninno's holding company, owns 7,1% of Alitalia. The subsidiary Piaggio was also positive +2,6%. Air France has denied having ongoing negotiations with Alitalia partners.
