BPER AND MONTE PASCHI SHINE AMONG THE BANKS
US SHUTDOWN WEARS OUT ALL BAGS
The disappointing data on German manufacturing and the sluggish performance of Wall Street advised caution on European markets, Piazza Affari included.
At the end of the session the index FtseMib loses 0,3% to 18372.
The other European stock markets. London drops by 1,1%, Paris -0,8%, Frankfurt -0,4%. Madrid -0,63%.
On the government bond market: the 10-year BTP it is trading at a yield of 4,33% (+5), spread with the Bund at 251 (+3). The differential with the Spanish Bono is reduced, whose yield is equal to 4,28 (+8 basis points).
There is no good news from the other side of the Atlantic.
At 17 pm the S&P 30 dropped by 500%, the Dow Jones index fell by 0,53%, the Nasdaq fell by 0,45%.
Party leaders in the two branches of the US Congress they took the floor only to accuse their opponents. But there are small signs of progress even if no agreement is looming in the short term.
All projects second week of shutdown and with nine days to go before the deadline to raise the debt ceiling, President Barack Obama has declared that he will accept a short-term increase in order to avoid default. Meanwhile, Republican Rob Portman, one of the most authoritative lawmakers, is preparing a plan to cut federal spending and reform the taxman as part of a broader agreement to reopen government agencies affected by the shutdown and raise the debt ceiling. From the Democrats' side, they also let it be known that a measure will most likely be introduced in the Senate this week to increase the debt limit and allow the issuance of securities for 2014.
Tonight meanwhile, will kick off with Alcoa the quarterly campaign.
In Piazza Affari the most penalized blue chip was Prysmian -2,8%.
Meanwhile, the landslide of Telecom Italia continues -1,75%. Standard & Poor's has placed the rating on creditwatch (under observation) for a possible downgrade. For Telecom Italia bonds, it would mean losing their "investment grade" qualification and ending up at junk level.
The subsidiary Telecom Italy Media runs up 9% after the agreement with l'Espresso -1,4% for the creation of a common platform for digital TV broadcasts.
Salt too Mediaset + 1,8%.
At the center of attention, as usual, the banks.
Still in positive territory MontePaschi which reduced the gain to +1,73% from an initial +6% in the wake of the new industrial plan for 2017. Unicredit -1,7%, Intesa -0,5% down. Among the popular Pop.Milano cinemas +0,4%, Pop shines. Emilia+2,73%. BancoPopolare -0,3%, Ubi -1,7%.
Among industrial companies, Finmeccanica up 1,7%: Bank of America raised its recommendation to “neutral” from “underperform”.
Fiat -1%, StM -0,8%. World Duty Free backtracks -1,7%, after yesterday's +5,7%. Autogrills -0,8%.
It stands out in the luxury sector Luxottica +1,4% which today held the Investor Day in the USA. CEO Guerra said today that the third quarter will be strong and in line with the first half performance.
Ferragamo + 0,5%.
