OIL REBOUND, ENI RECOVERS. BANKS SWING, MEDIASET DOWN
The rebound of crude oil favors the timid recovery of European lists. In Milan, the Ftse Mib index -0,17% limits the damage. Frankfurt's Dax does not do the same, losing -0,76%. The recovery is linked to the good news on the Volkswagen front +6%: the cars "indicted" for CO2 emissions beyond the standards are only 36.100. Paris -0,95%. On positive ground London -0,14% and Madrid -0,02%. The euro is back close to 1,10 against the dollar.
The mini-oil rally began in New York: crude oil is close to 39 dollars a barrel, after the data on US weekly inventories, which unexpectedly dropped for the first time in eleven weeks: WTI crude rebounds to 38,77 dollars, at 41,24 the brent. Eni closes at +0,72% after gaining 2,5%, Saipem +1,76% (maximum +2,6%), Tenaris + 1,2%.
At Piazza Affari, Enel is up 0%. The sale of the subsidiary Slovenske Elektrarne should be officially completed by the end of the year, said the CEO. Francesco Starace. Enel Green Power + 0,84%.
The American stock market moves modestly up: the S&P500 index gains 0,2% after two consecutive sessions down. Dow Jones +0,4%, weak Nasdaq -0,1%. Wall Street Rides On Latest Marriage Of Giants: DuPont e Dow Chemical both rose by 11% on the wave of news, reported by the Wall Street Journal, of the negotiations for the merger and subsequent spin-off in three of the businesses in the basic, fine and pharma chemicals. The transaction could give rise to a giant with a capitalization of 120 billion dollars, the second group in the world of chemicals behind the German Basf.
Yahoo salt by 2%. The company has again changed its mind about the fate of the stake it owns in Alibaba: the equity investment will not be sold and will not be spun off, due to the uncertainties regarding the tax treatment of the transaction.
The banking sector is still turbulent. On the roller coaster Mount Paschi -1,1% at the close after having been suspended in the morning due to excessive downtrend. Btg Pactual's share fell below 1%. Closes slightly lower Understanding -0,64%. The bank placed a 1,25 billion euro ten-year bond. Unicredit + 0% Where's Banca + 0% Banca Popolare di Milano -2,38%.
The four o'clock rescue already commissioned banks (Banca Marche, Carife, Cassa di Chieti and Pop. Etruria) cost 2,35 billion, or more than half of the 2015 profits, around 4 billion, estimated for the system. The director general of ABI, Giovanni Sabatini, told the Chamber.
Xavier Niel, CEO of Iliad and owner of 15,1% of shares and options Telecom Italy -1,72% discussed the group's prospects with other stakeholders, shareholders, managers and members of the board of directors also with regard to "any strategic transactions". This was stated in a filing with the SEC dated December 8, signed by Niel himself.
Mediaset it is the worst blue-chip with a drop of 3,04%. Among industrial companies, StM + 0% Finmeccanica -0,68% Industrial Driver's License -1,66%. In luxury: go down Yoox -0,75%, downgraded from Deutsche Bank to Hold from Buy, goes up instead Ferragamo + 0,68%.
