BANKS SUFFER ON COUPON DAY
THE BENETTON SCUDERIA COMES TO THE BUSINESS SQUARE
Difficult morning for European stock exchanges in a very volatile session: London -0,64%, Paris -0,62%. Madrid -1,18%. The exception is Frankfurt -0,18%.
It weighs on the black smoked City for Pfizer-Astra Zeneca. The Anglo-Swedish group rejected the new offer of 112 billion euros. The deal, said the chairman of the board, can be closed with 10% more.
Gross of the dividend effect (-1,49%) or 2,83%, Milan fell, Ftse Mib to 20.063.
Petroleum in moderate tension after the news of unrest in Libya: Brent +0,4% to 110,3 dollars a barrel.
Eni -3,06%: the civil war that broke out in Libya risks jeopardizing the activity of the Italian group.
The spread between BTP and Bund it jumped up to 186 basis points from 172 at the opening, hitting the highest since March 17th. It is now trading at 183 points with the Italian 3,15-year rate at XNUMX%.
The Eurostoxx index of banks loses 2,2% and is the worst today.
Banks are down sharply. The news of the capital increase by Deutsche Bank -1,2% for 8 billion, much more than expected. The Qatari fund will enter the shareholding structure of the bank. Crédit Suisse also fell on the wave of US tax investigations.
Gross of the dividend, the Bigs are losing more than 4%.
Unicredit -4,46%, Intesa –3,97%. Fitch has revised the outlook on Intesa Sanpaolo Vita to stable from negative, confirming the long-term rating 'BBB+'.
Banco Popolare fell by 4,57% to 11,58 euros, on prices it hadn't seen since last February.
Worst of all Banca Monte Paschi -5,01%, also penalized by the resignation of Antonella Mansi from the top management of the Foundation.
B.Pop. Milan -1,26%option rights are no longer traded on the stock exchange.
The Eurostoxx index of banks loses 2,2% and is the worst today.
Assets managed are still down: Mediolanum -5,38%, Goldman Sachs lowers the target price to 7,15 euros from 7,45 euros, confirming the Neutral rating.
Azimuth -2,54%, Soul -6,53%. Banca Generali alone – gains 2%.
The Benetton stable is highlighted. Among the few rising stocks, World Duty Free rose by 0,8%: Citigroup raised its recommendation to Buy from Neutral.
Atlantia rises by 1,4% in view of a successful conclusion of the sale of Alitalia to Etihad. Goldman Sachs raised the target price to 23 euros and confirmed the Buy recommendation.
Citi has promoted from neutral to buy with a target price of 11,3 Brokers believe the company is well positioned in the airport business, now considered the sixth largest in world shopping.
Mediaset loses 1,36%: Credit Suisse lowered the target price to 5 euro from 5,6 euro, confirming the positive Outperform opinion.
Down too industrial stocks: Fiat -1,61%, Finmeccanica -1,12%, StM .2,42%, Cnh -17,2%.
Cattolica -1,29%, UnipolSai -1,83%, Generali -4,49%. All detach the dividend.
Enel -0,7%, Telecom Italia -1,4%. GTech +1,7%.
Luxury is down. Yoox falls -3%, to new lows since August. Ferragamo -1%.
Among the minor titles, Fiera Milano +3%, Frendy Energy +4% and Interpump +2,2% stand out.
