Fireworks in Piazza Affari, on the eve of August 8,15th, with the Fiat superstar title, +10,62% (XNUMX euros) at a four-month high, after the rumors about a possible interest of Chinese groups. No comment from the Lingotto.
Milan closes up 1,72%, 21.722 points, after reaching peaks of more than 2%, in a globally positive context, with the Japanese economy making a higher-than-expected leap in the second quarter and more cautious tones in reports USA-North Korea. The matching opening of Wall Street gives a further boost to the lists of the Old Continent, which recover part of last week's losses, especially in the banking sector: Madrid +1,73%; Frankfurt +1,26%; Paris +1,2%; London +0,6%.
The greater propensity for risk reduces the appeal of gold, -0,33%, 1284,795 dollars an ounce. The Swiss franc loses some of last week's gains, especially against the dollar. The single currency also lost 0,33% on the greenback, cross 1,178. On the other hand, the descent of oil continues, Brent -0,9%, 51,63 dollars a barrel. In a more serene global context the Italian secondary closes a positive session, with light volumes, in line with the calendar. The yield of the 10-year BTP is at 2,01%, the spread with the Bund at 160.00 basis points, down by 2,44%.
Among the blue chips, Fiat dominates the scene, with fluctuating trades, far higher than in the period. The bull is unleashed by the rumors of the Automotive News site, according to which some groups have set their sights on FCA and, among these, the Chinese giant Great Wall Motor, famous for its SUVs, has already made an offer, rejected because inadequate. Consequentially the performance of the Agnelli holding company, Exor +5% is stellar. Brilliant Ferrari +3,04%, also thanks to the positive assessments of Berenberg who revised the target price upwards from 90 to 110 euros. Bank purchases are back, penalized in the last few sessions: Ubi +3,23%, Unicredit +1,89%. Utilities performed well, led by Enel +2,91% and Italgas +2,29%. Ynap salt +2,95%. The only flat title of the Ftse Mib is Poste. For the rest, the fractional earnings of the oil companies are placed at the bottom of the list, Saipem +0,61%; Eni +0,38%; Tenaris +0,34%. Similar trend for Generali +0,39%.
Among the minor titles Lazio leaps by 4,37% after winning the Italian Super Cup, while defeated Juventus do not lose too much but are still going against the trend (-0,29%). KR Energy flies by 17,8% after last Friday, with the stock exchange closed, it announced, through a wholly owned subsidiary, a development agreement with the Mise and the Campania Region for a project to build lithium cells at the new industrial site of Teverola (CE).
