The bounce of European stock exchanges it has already run out. All sectors are in the red with the exception of food. Business Square it falls back by about half a point, just above 18.600 points. Heavy losses of the other Eurozone markets: Frankfurt e Paris -0,6% Madrid -0,3%. London -1,37% under pressure from the currency market. Fly there GBP above 1,29 against the dollar, while the cross against the euro lost 0,61% to 0,8852. It is the effect of the agreement reached by Theresa May with the European Union.
The premier Giuseppe Conte he said he was confident that, when talks with Brussels prove fruitful, the spread will go down. For now, the gap, in decline, remains above 300 points at around 305 basis points for a yield of the 10-year BTP down to 3,42%.
It closed with a modest budget (2,16 billion) the offer of Btp Italia. The 863 billion euros placed today by the Treasury with institutional investors were added to the 1,3 million raised in the three days of the offer reserved for retail. A disappointing figure, given that 3,6 billion were raised in May. However, the "black shirt" was avoided (in June 2012 the offer stopped at 1,738 billion) but the negative record of private demand remains (863 million).
The prices of crude they are falling on the back of a rise in US inventories to their highest level since last December, stoking fears of a global oversupply. Losses are limited by OPEC talks about a possible output reduction. Brent lost 58z cents and traded at 62,87 dollars a barrel after losing a dollar during the session.
Saipem (-2,5%) is the worst stock in Piazza Affari, Eni -1,2%. Saras +4,4%: refining margins in the Med area rise to 4 dollars a barrel. Maire Tecnimont + 3,9%.
The best blue chips are General Bank (+1,1%) ed Enel (+ 0,8%).
Generali it lost 0,5% to 14,22 euros. The business plan received a positive opinion from Equita Sim, which confirmed the Neutral recommendation, but raised the target price to 17,90 euros from 17 euros. The upside (potential for growth) compared to today's quotation is 26%.
Among the banks, Unicredit -0,9% and Intesa San Paolo -0,3%. The latter is now close to acquiring the Banca Romaneasca group in Romania. Bpm bank + 0,4%.
Sales increase on Tim (-1,6%). According to what results from The messenger, the government would already be at an advanced stage in studying the project for a single telecommunications network, merging that of Tim and Open Fiber (Enel and CDP). The new company, estimated at a value of 15 billion euros, would have a turnover of 5 billion, a EBITDA of 2 billion and around 30 employees. Tim and would have "a clear public presence", possibly under the guidance of CDP.
Salini-Impregilo (+0,5%) and the other companies of the Eurolink consortium that were to build the bridge over the Strait of Messina are not entitled to compensation of 800 million for the Monti government's decision not to proceed with the work, according to the civil court of Rome.
Avanza Rcs (+4,2%): the president Urbano Cairo has decided to resort to arbitration to ask for the cancellation of the sale of the group's historic headquarters in Blackstone – announced at the end of 2013 – after making the first formal findings with the fund already last March, which was followed by a "more decisive" letter in July, reports a source. For a source close to Blackstone, the attempt to cancel the sale of the properties is just blackmail.
