Stock markets recovering in Europe after a cautious start. The Fed's minutes, while confirming the imminent tightening of money, did not bring any other negative news. And this was enough to favor a modest recovery of bonds (yields of BTPs down to 2,30%) and of the most targeted shares. The leap of Atlantia after the confirmation of the interest of Acs contributes to rekindling the attention of buyers in Piazza Affari: Florentino Perez is not satisfied with the triumph of his Real Madrid and aims at conquest of Atlantia through the alliance with Global Infrastructure Partners and Brookfield funds. The Benettons are ready to battle.
Stock exchanges recovering in Europe, Milan is the best
The Milan Stock Exchange, +1,24% over 24.700 points, after the downward revision of GDP estimates is the best Stock Exchange. The Eurostoxx advances by 0,8%. Followed by Paris +0,70% and Frankfurt, around half a percentage point. Of note is Danone +2%, one of the multinationals that has not left the Russian market. In London, on the other hand, Shell loses ground -1,5%. Big Oil has announced that it expects a negative impact on the first quarter 2022 accounts of between 4 and 5 billion dollars "after taxes due to the "write-downs of discontinued assets and additional charges" related "to the activities in Russia".
Dates the oil +1% From the three-week lows seen at last session, IEA member states agreed to release 60 million barrels in addition to the 180 million barrels announced by the United States last week. Natural gas down for the fifth consecutive day, -1% to 105 euros.
EU diplomats are ready to approve today theRussian coal embargo which will enter into force from mid-August, one month after the initially scheduled date, following pressure from Germany for a postponement.
Atlanti and Generali, two open challenges. Funds in action on Tim
But, for once, macro data gives way to corporate news, Starting with Atlantia + 8,45% at 20,8 euros after double-digit cues. The Spanish Acs had to confirm, at the request of the Spanish Consob, the interest in the holding company which is about to collect 8 billion for the sale of Autostrade per l'Italia. But the Benettons and the other shareholders (including Blackstone) are studying a counter-move to take over the entire company also through the delisting.
International investment funds are back in action on the investment front as well Telecom Italia +4,7% at 0,32 euros. After CVC, the private equity firm Apax is also looking at Tim's ServCo (service company) dossier. The financial group, which is based in London, is starting investigations as it is interested in some of Tim's activities. A group of experts is already working to examine the dossier
Also on the front of General -1,6% the duelist campaign is underway to secure the vote of institutional investors. Claudio Costamagna, the candidate for president of the Caltagirone list said yesterday that he was confident in the support of the Benetton family in the assembly. In addition, the former investment banker spoke of the risk of litigation if one side wins with a margin of less than 6%.
The health sector advances on all price lists. He runs in Milan Registered +2,6% but brake Diasorin -1,6%, In the spotlight are utilities following Hera up by a generous 3%.
Even Wall Street, judging by the futures, is starting to open upwards.
