Around noon the Ftse Eb, after a sprint start, gains about half a percentage point: among the best Mediaset but also Popolari and Saipem, on a day that rewards energy stocks in the wake of the rise in crude oil, which opened today with Wti and Brent at highs November 2015 (both close to $50 a barrel).
Il Petroleum it also enlivened the morning of the other European lists: London, Frankfurt and Paris are all in positive territory, with gains similar to those of Piazza Affari.
Instead, he suffers Agnelli galaxy. Above all FCA, which at the end of the morning is clearly the worst stock of the Ftse Mib, losing about 3% in contrast with the market trend. Investors are concerned about the risk of a slowdown for the US car market, the few chances – according to the Exane report – of a merger with other groups and the postponement of plans for new models. The investment house Exane has therefore cut the recommendation to "underweight" ("reduce exposure") indicating a price target of 5,4 euros. In negative territory, with more limited losses, also CNH Industrial, Exor and Ferrari.
It is generally a positive day for the banks. Popular companies are doing well, but also Mps +2%, Intesa Sanpaolo +1,8% and Unicredit +1,6% below 3 euro per share (data updated just before midday). The bank in Piazza Gae Aulenti is mainly influenced by the rumors about the reorganization at the top: according to press rumors, a summit was held on Monday between the vice presidents and the representatives of some of the main shareholders to discuss a reorganization of the board of directors and to also evaluate a change of the guard to the operational guide now entrusted to Federico Ghizzoni. According to reports from Il Sole 24 Ore, President Giuseppe Vita has been entrusted with an exploratory mandate to work out a solution to be discussed by the end of the summer.
Rcs Media Group still above the price of the takeover bid launched by Investindustrial with some shareholders: after yesterday's rally, during which the stock had gained more than 16% following the news of the counter-offer (compared to Urbano Cairo's takeover bid) at 0,70 3,5 euros per share, this morning the publishing group is still up 0,718% to XNUMX euros per share.
On the macroeconomic front, in 2016 Istat expects a increase in GDP equal to 1,1% in real terms, a higher growth rate than that recorded in 2015 (+0,8%). The consolidation of progress on the employment front (+0,8% in terms of work units) is expected to be accompanied by a reduction in the unemployment rate, which is estimated to stand at 11,3%.
Declining it Btp Bund spread below 130 basis points. The euro strengthened very slightly against the US dollar: today it is worth 1.1326 US dollars.
