Heart-pounding day for stock lists. The Exchanges were involved for the whole day from adventures of Deutsche Bank. The title, under the pressure of the sales that broke out on Wall Street on Thursday evening, broke through the 10 euro dam downwards with a fall of 9,3%. Then, the resurrection: in the final session in Frankfurt, the stock closed up 6,3%. On Wall Street, the share of the first German bank runs and even gains 13%.
Pushing the prices? is the indiscretion of the AFP agency (France Press) according to which the bank is close to closing a transaction with the US Department of Justice, paying a total of 5,4 billion dollars between fines and various compensations clearly lower than the 14 billion initially requested by the Washington authorities.
The Stock Exchanges can thus close the week (and the third quarter of 2016) on a note of optimism: the Ftse Mib index in Milan closes with a rise of 0,38% to 16.400 points after slipping below 16 thousand, preceded by Frankfurt +1%, surprisingly the best price list of the day (who would have thought it at noon?). Paris is also on positive ground +0,10%, while London and Madrid closed slightly lower. The final backlash did not prevent our Stock Exchange from closing both the week (-0,3%) and the month of September (-3,2%) in negative territory.
In the wake of Deutsche Bank Italian banks avoided another blow. ?Unicredit archives the week at +1,7%, Ubi +2,7%, Banco Popolare +4,2%, Pop.Milano +6,9%. Entente also did well +1,4%. Negative closure for insurance companies: Generali -0,9%, Unipol -0,1%.
Clear improvement in the final of oil. After yesterday's strong increases, Eni falls by 0,7%, Saipem +2,7% and Tenaris +1,3% rise. Also collected by Fiat Chrysler +1,8%, a leap of StM +3,6% in the wake of the rumors of the 30 billion dollar merger in the semiconductor sector between Qualcomm and Nxp. Mediaset recovered parity afterwards the optimism of the CEO of Vivendi on reaching a solution for Premium.
