After the Fed meeting and the ECB TRO, the Scottish no it removed the last uncertainty. The week finale promises to be rosy, the right climate to celebrate Alibaba's debut on Wall Street, IPO of 21,8 billion for an initial capitalization of 167 billion, even if forecasts speak of a robust rise on the first day of listing.
In the meantime, the European lists are in positive territory, minus Piazza Affari. The index Ftse Eb yields 0,2%. They go up Paris (+ 0,13%), Frankfurt (+ 0,67%) and Madrid (+ 0,80%). London limits growth to 0,69%. Zurich (+0,3%) returns to 2007 levels.
Il BTP strengthens and its yield drops by 4 basis points to 2,39%. The spread with the Bund it narrows by six basis points to 129 basis points, an all-time low. L'euro it is down on the dollar to 1,287, from 1,292 at yesterday's close.
On the Milanese list, Pirelli is up by 1%: Berenberg has started hedging with Buy, a target price of 14,50 euros.
Fiat Chrysler earns 1,1%. The company announced this morning that it has signed a preliminary agreement with the Japanese Mitsubishi Motors for the construction of pickup vehicles.
Finmeccanica +0,7%. Goes down St Microelectronics (-1,2%).
Telecom Italy (+0,6%) less lively than the rest of the sector (+1,39% the European Stoxx index). This morning the news came that Vivendi has sealed the deal definitive for the sale of its Brazilian subsidiary GVT to Telefonica for 4,66 billion euros in cash. The French media group will acquire the 5,7% package (8,3% of the voting rights) in Telecom Italia held by Telefonica, valued at 1,01 billion, and the 7,4% stake in Telefonica Brasil .
Among the banks, Unicredit + 0,2% Understanding + 0,3% MontePaschi + 1,9%. Banco Popolare +0,1%: the press reports that Release, the subsidiary that inherited the leasing business from Banca Italease, could be put on the market after the outcome of the stress tests.
On the positive side, asset management companies and insurance companies: Generali + 0,7% Azimuth +1,5%. In deep red Cattolica Insurance (-5%) following the announcement of the capital increase up to a maximum of 500 million provided for in the business plan to support the initiatives of the plan and to seize acquisition and partnership opportunities. “The targets are too ambitious and the lack of details on the use of the capital increase is clearly disappointing,” writes Kepler Cheuvreux.
Eni 0,7% salt, Enel + 0,8% Enel Green Power + 0,6%.
Atlantia +0,3%: the agreement between the shareholders of Sintonia, the controlling holding which holds 45% of the capital, should be extended for one year instead of the three envisaged.
