The engine roars in Piazza Affari Fiat (+3,22%) on rumors that Volkswagen is interested to buy Chrysler or even the whole group. The German monthly Manager Magasin reports it, without being denied by the two groups. Meanwhile, they're going up again sales: in June, Fiat achieved a 6,9% increase in car sales in Europe, higher than the market growth (+4,3%). Exor was also positive, +2,5%.
The leap forward of the Lingotto stock is not sufficient to support the prices of Business Square on the eve values. The Milan Stock Exchange slows down after yesterday's leap, the Ftse Mib index loses 1,4% to 20,764. In Europe the negative changes are less extensive, London is down 0,71%, Paris by 1,04%, Frankfurt -0,95% and Madrid 1,17%.
At sectoral level, in Europe utilities are down (Stoxx -1%) and technology companies are up (Stoxx +1%). little moved theeuro at 1,253 on the dollar. The Italian XNUMX-year yield drops by 4 bp to 2,78%. The trend is common to euro area bonds. France's 10-year bond yields 1,58% (-2 basis points), an all-time record, on a par with the Dutch 1,37-year bond traded at 2% (-1,59 basis points) and Belgium. which yields 1,17%. Also in evidence is the German Bund which yields 4%. The Portuguese bond also strengthens, the yield of which drops by 3,66 basis points to XNUMX%.
Brakes Telecom Italy (-3,63%), after gaining 7,5% yesterday. Telefonica will reduce its share via a bond convertible into shares. The declines are widespread across all sectors. Among the industrialists, they go down Finmeccanica -0,2% StM -0,8% Prysmian -1,4% and Tenaris -1,3%.
Still problems coming from Banco espirito santo -8%: Standard&Poor's revised the bank's rating to B- and confirmed the negative outlook. Unicredit -1% Understanding -1,4% Banco Popolare -1,7% MontePaschi -1,5%.
Generali down 0,2% despite JP Morgan's new positive recommendation (Overweight). GTech it lost 0,2% (yesterday +4%) after the announcement of the maxi acquisition of IGT in the United States. Also flexing Mediaset (-1,3%).
It highlights Yoox +4,4%, on the wave of the positive opinion of JP Morgan.
