POPULAR MILAN SHINES, UNDER SHOOT TELECOM AND FIAT
EU CONSULTING ON HOW TO STOP THE RUN OF THE EURO
Weak Business Square, slight increases for the other European Stock Exchanges. The markets do not take a precise direction in anticipation of the summit of theEurogroup, the council of finance ministers of the euro area which, at the French request, will examine the issue of the exchange rate of the euro, which is strengthening against both the dollar (1,338 from 1,336) and the Swiss franc (1,2277 from 1,2264. 0,8519) than the pound (0,8455 from XNUMX).
in Milan theFtseMib index drops by 0,01% to 16628.
La London Stock Exchange salt by 0,45%, Paris +0,69%, Frankfurt +0,09%.
on the government bond market the 10-year BTP it is trading at a yield of 4,56% with a spread of 296 (+3 basis points).
In the business square Telecom Italy -1,96% reacted badly after the company announced on Friday it would halve its dividends over the next three years and raise fresh media with hybrid instruments. Barclays and Cheuvreux have lowered their target prices.
The decline of Fiat -1,69% is more marked compared to the decline of the entire European auto sector (Stoxx -0,5%). Citigroup reiterated the sell recommendation and the target price of 3 euros. Fiat Industrial falls by 1,14%, Pirelli -0,22%.
Pounce Pop.Milan +4,24% thanks to new indiscretions on the plan for the transformation of the cooperative bank into a joint-stock company. The reactions of the other cooperative banks varied: Banco Popolare +0,64%, Ubi -1,1%, Pop.Emilia +2,41%.
The progress of the others is uncertain banks: Unicredit -0,32% and Intesa -0,4% down. Monte Paschi loses 1,32%. The exception is Mediobanca + 2,43%.
There is one of the best titles on the Milanese list A2A which rises by 2,94%. In the world of oil, Saipem rises by 0,05%, Eni falls by 0,29%. Down Tenaris -0,81%.
Goes down Rcs -4,4% on the eve of the presentation of the plan.
