THE STM CHIPS (AND BPM) EXALT THE MARKET PLACE
BRAKE FIAT. PIRELLI DOWN WAITING FOR DIVORCE
All positive the price lists of the Old Continent, made electric by the prospect of expansionary decisions by the ECB.
The index FtseMib rises by 0,86% to 17204.
London + 0,67% Paris + 0,58% Frankfurt + 0,56% Madrid + 1,06%.
Among the liveliest sectors in the Eurostoxx index are banks (+1,3%) and insurance (+ 1,3%).
Core/peripheral spreads are down on rumors that the Fed could buy our BTPs. The spread on the ten-year BTP contracted by 9 basis points to 254 for a yield of 4,09%. The spreads of Portugal and Greece were down by more than 24 and 15 basis points respectively.
In Milan, the push also comes from some corporate news.
In great evidence General +1,26% on the wave of the sale to the French Scor of the American subsidiary Generali Us RE for 780 million dollars.
Even better StM, up 4,6% following the declarations of the CEO Carlo Bozotti who in an interview with Le Figaro said that in 2013 order collection will grow by 5-10%. The increase in requests, reveals Bozotti, concerns the whole range of products. Stm is less exposed to a few large customers: Nokia is now worth a tenth of sales, half of what it was worth at its peak. Since the beginning of 2013, the stock has gained 38%.
After a flying start, he suddenly loses momentum Pirelli -2,01%, readmitted to the Stock Exchange in the dark, before the press release on the peace between Tronchetti Provera and Malacalza. Strong up game Camfin is now practically unchanged. Prelios up +1,7%.
An interlocutory note informs that “the negotiations to define the agreements on the reorganisation Camfin are "in progress". The press release, signed by Marco Tronchetti Provera Spa, Clessidra, Intesa Sanpaolo and Unicredit adds that "The activities for the definition of the agreements relating to an investment transaction in Camfin aimed at reorganizing the relative ownership structure are being completed, also following of the hypothesized termination of the partnership between Mtp & C. Spa, Mtp Spa and Gpi on one side and Malacalza Investimenti on the other': 'further communications will follow'.
Perplexity remains regarding the decision to allow trading on the Stock Exchange despite the risk of an evident asymmetry of information between the market and the "well-informed".
After a successful start, he embarked the downward path Fiat, which drops by 2,21%. In May, the Turin-based group increased its market share in Brazil from 21,67% a year ago to 22,57%, extending its advantage over Volkswagen, which fell from 19,8% to 17,78%, just below General Motors, 17,9 .19,96% in any case down compared to the XNUMX% of a year ago.
Exor +0,76%. After the sale of Sgs, the risk of a downgrade of the share linked to a capital increase to finance the Fiat-Chrysler operation has disappeared.
Well the bankers. The biggest gain is from Banca Pop.Milano which rises by 2,94% after the rumors about Bankitalia's pressure for a change of governance. The other banks were also positive: Unicredit +0,89%, Intesa +1,12%, MontePaschi +1,52%.
It bounces Telecom Italy +1,38% after -8,3% in the last week. In the end, Mediaset + 058%.
