PIAZZA AFFARI REWARDS THE ASSIGNMENT TO MATTEO RENZI. MEDIOBANCA PUSHES PUBLISHING. GS REWARDS HERA
The Milan Stock Exchange accelerates and detaches the other stock exchanges in the final stages; the Ftse Mib index rose by 0,11% to 20.459. Piazza Affari consolidates its supremacy as the best European list since the beginning of the year, with a performance of 8% against the +0,4% of the EuroStoxx 50 index. Since the beginning of the year, Paris has risen by 1% and Madrid by 2%.
Wall Street closed for holidays, with strong effects on volumes (-25% on the average of the last month) Paris -0,11% and Frankfurt -0,06%, Madrid -0.08% also moves little. London is by far the best performer with a 1,1% increase. The yield on the ten-year BTP falls to 3,61%, from 3,69% on Friday, the spread with the Bund is down by 9 basis points to 192. The yield is at its lowest since March 2006. The Spanish Bono makes the 3,52% (-6 basis points). The spread between BTP and Bund is 192 basis points (-7 basis points).
A critical note is introduced by Fitch: the changeover between Matteo Renzi and Enrico Letta underlines the country's political volatility and precisely the uncertainty about the duration of the mandate and the capacity for structural reforms and budget consolidation is the basis of the outlook negative on the 'BBB+' rating. Gold rises: to the highest levels of the last three months at 1.326 dollars an ounce (+0,7%). Silver is on the twelfth consecutive day of gains at 21,70 dollars an ounce.
The superstar title in Piazza Affari is Mediaset +3,41%. The political fate of Silvio Berlusconi has nothing to do with it, but the insistent rumors about Al Jazeera, which is allegedly negotiating entry as a partner in the Alfa pay TV company.
With a report entitled Getting ready for a successful yearr, Mediobanca gives a boost to the publishing sector: great euphoria for L'Espresso 10,7%, at 1,9650 euros, after having reached a maximum of 2,0860 euros. Indeed, assuming a recovery in advertising investments and a sale of the television business, the broker claims that the price could reach 3,13 euros in the long term.
In addition to Mediaset and the company of the "enemy" Cir, the market rewards Class Publishers, even +11,32%. Mondadori + 5,85% Editorial polygraphs +6,40% ed The Sun 24 Hours +5,60%. It also recovers Rcs Media Group +0,76%, despite the resignation of Carlo Pesenti from the board.
Easy to read the leap of Luxottica +1,62%, after the official denial of the managing director Andrea Guerra, already in anticipation of his resignation from the leadership of the company to assume a position as minister in the new executive government. Contrasted with luxury: Tod's -0,68%, Ferragamo +1,53%, Cucinelli +0,6%, Yoox -1,5%.
Fight the banks: Unicredit + 0,05% Understanding + 1,4% Mount Paschi + 0,22% Mediobanca +1,66%. Among the popular ones, it goes down Pop.Emilia -0,44%, robust leap forward of Pop.Milano +2.74%. On the utilities front, it stands out Ivy +3,25%. Goldman Sachs assigns the stock a price target of 2,40 euros (against approximately 1,6) and includes the company led by Tomaso Tommasi di Vìgnano among the best pics.
The initial rise of Enel, which loses 0,97%. positive Telecom Italy +1,5%. In the industrial sector Finmeccanica rises by 1,38%, among the best 25% in the industrial securities sector: Fiat -0,13% Pirelli -0,35% StM +0,81%. Among the minor titles, Beni Stabili +5%, after the accounts for the quarter.
