Contrasted start of the European markets that today will not be able to count on the activity of Wall Street, closed for the Fest of Independence. In Milan the index Ftse Eb, after a negative start, fluctuates around parity little below 21 thousand points. Pale red for the other price lists, with reductions between 0,1 and 0,2%. Financial stocks are up (Insurance +0,3%, Banks +0,2%), Telecom (-1,58%) and Utilities (-0,4%) are down.
Even in Europe it weighs lunknown factor of North Korea after Pyongyang announced the launch of the first ICBM that fell not far from Japanese territorial waters.
The euro/dollar exchange rate did not move much at 1,135. The bond market was stable with unchanged yields for the ten-year BTP (2,12%) and the Bund (0,47%). Spread at 165 basis points.
Oil goes down: Brent loses 0,4% to 49,5 dollars a barrel, after gaining 10,8% in the previous eight sessions, all on the rise.
Eni + 0,53%. Santander cut the target price to 15,4 euro from 17,1 euro, confirmed the Hold opinion. Tenaris loses 0,07%. Accelerate Saipem + 1,98%.
Among the banks, waiting for news on Monte Paschi takes share Unicredit +1,06%, JP Morgan raised its recommendation to Overweight with a target price of 21 euros. The previous recommendation had been suspended. Little move Understanding. Bpm bank +0,27%. Still featured Bper earning 1,81%%
Impress the leap of Banca Carige suspended upwards a + 16 % after news that emerged from yesterday's board of directors: the new strategy envisages a capital increase of up to 500 million euro, with a pre-guarantee agreement with Credit Suisse and Deutsche Bank, and the deconsolidation of non-performing loans with further sales for 1,2 billion after the disposal of assets with a expected benefit on assets of at least 200 million.
Among the insurance companies, Generali 0,4% salt, UnipolSai recovers 0,26%, retreats Unipol -0,89%.
In the rest of the list it advances Exor: +0,23%: Mediobanca raised its target price to 59,2 euro from 50,8 euro, Outperform recommendation confirmed. Weak Fiat Chrysler -0,41% after the progress of the previous day +5,5%, in June the company achieved a 12,6% increase in registrations with a market share that stands at 28,56%. Sales in the US in June were down 7% from a year earlier.
Piaggio it is one of today's best stocks with a gain of 1,85% to 2,228 euros, the new high of the year. From the beginning of the year +39%. In June, the Italian market rose by +25,6%.
Prysmian falls by 0,9%. stmicroelectronics loses 1,10%. Among other industrial stocks, Leonardo drops by 0,6%.
