The European Stock Exchanges are advancing, albeit at a slow trot, in a quiet session, given the closure of Wall Street.
Business Square closed the session with an increase of 0,7%, similar changes for Paris (+0,4%) and Frankfurt (+0,6%). Only a very modest gain for Madrid.
The market ignored yet another decline in the Shanghai Stock Exchange. This morning, China revised its 7,4 GDP figure downwards (from 7,3 to 2014%).
Il exchange euro Dollar is stable at 1,1165, about unchanged from Friday.
The rises in Europe were led by commodity stocks (Stoxx of the sector +1,5%), driven by the leap in Glencore, number one in the world in commodity trading, which on the London Stock Exchange rose by 7,2% after announcing that it will sell assets worth 30 billion dollars to reduce debt.
Weak oil prices: Brent at 48,5 dollars a barrel (-2,5%), Wti at 45,1 dollars (-2%).
Eni + 0,5% Saipem + 0,8% Tenaris + 0,4%.
Better Enel +2% after CEO Francesco Starace said the 2016 dividend could be higher than now expected.
Among other utilities, Enel Green Power + 0,8% A2A + 1,3%.
Bene Telecom Italy which lengthens towards the end and ends on the highs of the session, up 2,3% to 1,1160 euros in view of a strengthening of Vivendi in the share market.
Among the utilities, only Atlantia holds back -1%, for fear of a takeover in the United Kingdom.
In the financial sector Generali salt by 0,6%. Mario Greco anticipated the possibility of generous dividends: "We are in a phase that allows us to remunerate the shareholders and to increase the value of the company beyond the market average".
Fight the banks. Unicredit +0,8%: the managing director Federico Ghizzoni reiterated that the bank does not need a capital increase.Understanding + 0,1%.
MontePaschi +0,5%: allegedly put up for sale a portfolio of non-performing loans) to small and medium-sized enterprises for approximately 1,8 billion euro.
Bene Pop.Emilia +2,3% and Pop.Milan + 0,4%.
The automotive sector also stands out (+1% the sector index). Fiat Chrysler is up 1,6%. Sergio Marchionne stated that he has not lost hope of reaching an aggregation with General Motors.
The German bmw rose by 0,8% after the financial director confirmed the achievement of the 2015 objectives.
Fiat Chrysler is up 1,8%. Yesterday Sergio Marchionne stated that he has not lost hope of reaching an aggregation with General Motors [GM.N], the Detroit company replied "no thanks" to the invitations to open a negotiation.
Finally, good recovery in luxury for Ferragamo + 3,2% Tod’s +2,5% and Yoox [YOOX.MI] +2,2%.
