The bet is back on the delisting of Parmalat which is up 3,6% in Piazza Affari. Meanwhile in Parma the prosecutor has opened a file on the acquisition of the American company Lag for 960 million dollars. The problem is that Lag is being sold by Lactalis itself, the new dominus of the Collecchio-based company since last year, which effectively translates into a transfer of a large part of Parmalat's liquidity, estimated at 1,4 billion euros, to French coffers .
Meantime the RCS rally has restarted, +8,61% after Diego Della Valle said he wants to go further in the capital. They also benefit from it L'Espresso which rises by more than 3% e Mondadori it rises by 0,84% after a start with a sprint at +3,44%. Two days ago, the stock was promoted by Mediobanca to “outperform” on the bet that the book division will bring nice surprises, which could compensate for the further deterioration of the advertising market. Impregilo rises by 1,11%. Pietro Salini was called to a hearing in Consob to report on the Impregilo-Salini strategic agreement and on the alleged conflict of interest in Impregilo which the owner of the Roman construction group controls by 29%.
In Piazza Affari, the Ftse Mib rises by 1%, Frankfurt +0,54%, London +0,4% and Paris +0,8%. the European Stock Exchanges are looking at the data arriving in the afternoon from the USA on the labor market after the good data from the ADP estimates. Awaiting the Spanish moves, whose uncertainty fuels the nervousness of the markets, and despite the alarms of Greece (which without the release of the aid will be dry from November), the markets are moving cautiously in positive territory in the wake of the closure of Wall Street after yesterday's intervention by Draghi (the shield is ready, now it's up to the governments, the conditions must not necessarily be punitive, was the message in summary) and Asian markets, the latter also supported by the Central Bank of Japan which it maintained its stimulus to the economy and from Samsung better-than-expected results.
Lo Btp-bund spread it is down 358 points from the opening at 367, with a yield of 5,05%. the Bono bund spread is also down to 429 points compared to the opening of 444. EU sources, according to Bloomberg reports - today reiterated that there is no certainty that the Spanish premier Rajoy will ask for help: Spain is keeping faith the recommendations made by the European Union to next week's Eurogroup will examine the implementation of the reform plan. In Greece, Prime Minister Samaras, in an interview with the Handesblatt, spoke of a situation similar to that of the Weimar Republic, warning of the rise of nationalist parties. But he said that leaving the euro is not an option: "it would be a catastrophe". EU sources report that future interventions in favor of Greece, neither as regards the disbursement of a new tranche of aid nor for the possible granting of more time to Athens, will not be discussed at the European summit scheduled for 18-19 October : within the troika and between the same troika and the Greek authorities there are different assessments on the impact of some fiscal measures. In the meantime, Berlin is once again calling for a more intense effort on reforms. The euro retreats by 0,06% but remains above 1,30 against the dollar.
After yesterday's rebound, oil is now back to 91 dollars a barrel. Oil companies are up with Eni and Saipem +1,17%. Today, the six-legged dog announced that Versalis, a chemical subsidiary active in the production of elastomers, has signed an agreement with Honam Petrochemical Corporation, one of the largest petrochemical companies in South Korea, for the development of a elastomer production plant in the Honam factory in Yeosu (South Korea) which lays the foundations for the creation of a joint venture whose objective is to strengthen Versalis' position on the global market, particularly in the Asia-Pacific region.
The banking sector did well: Unicredit +1,41%, Intesa +1,59%, Mps +1,08%. Stm +1,81%, Telecom Italia +1,67% was also in the light. today CEO Patuano noted that the unbundling of the network is an industrial operation, not a financial one. Pirelli +1,66%. At the bottom of the Ftse Mib Mediaset -2,52%, Lottomatica -0,84%, Autogrill - 0,73% and Luxottica -0,32%.
