Rocketing start of the European Stock Exchanges, in line with the positive start of the Asian lists. In Milan the index Ftse Eb it breaks through upwards of 22 thousand with an increase of more than one percentage point. They do better Paris e Frankfurt, up 1,2%. The best bag is Madrid, with a leap around 1,5%. Outside the Eurozone, more modest growth London e Zurich (+ 0,7%).
To promote the rise of Piazza Affari contributed i Better-than-expected data from industrial production. The seasonally adjusted index increased in trend terms by 4,4% (against 3,5% expected).
Il differential yield between Italy and Germany drops to 162 basis points. The ten-year BTP trades at 1,94% from 1,96%.
Il dollar it strengthened against the euro, to 1,201 from 1,203 on Friday evening, the first gain after five consecutive downhill sessions.
According to ECB member Benoit Coeuré, accelerating growth in the euro zone may offset some of the negative effects of the single currency's appreciation, but a persistent exchange rate shock could reduce inflation.
The return of risk appetite causes the , down 0,7%, to $1.337 an ounce.
Petroleum little moved with Brent at 53,80 dollars. Saipem stands out (+3,2%) after HSBC started coverage with a Buy recommendation and a target price of 4,4 euros. Eni and Tenaris +0,2%.
Cash insurance after Hurricane Irma's downgrade in the US raises hopes that the costs to the industry will be less steep than initially feared. The South Florida area, hit by the storm yesterday, held. Following the first surveys, the estimate of the damages has dropped dramatically, from about 200 billion dollars to just over 50 billion dollars.
The fund climbed 2% in its best session in more than four months. Among the fastest growing stocks, Munich Re, Swiss Re and Hannover Re are up more than 4%.
Unipol stands out in Piazza Affari, gaining 3,9% thanks to the promotion of Mediobanca, which has raised the recommendation to Outperform from Neutral and the target price to 4,88 euros from 4,3 euros. The other insurance companies are also doing well: Generali -1,8% UnipolSai + 2,3% Catholic + 2%.
Widespread increases also for banks: Unicredit + 1,2% Understanding + 1% Bpm bank + 1,2%.
A few hours frommeeting between Pier Carlo Padoan, Carlo Calenda and the French minister Bruno Le Maire, Fincantieri (+5%) signed a contract worth 310 million dollars with Silversea Cruises for the construction of a new ultra-luxury cruise ship.
Advance Ferrari (+2%) in front of Fiat Chrysler, up 0,8%. It also benefits Exor (+3,2%), supported by the good performance of reinsurance.
Times of records for utilities: Atlantia (+0,6%) is one step away from the all-time record after press rumors have further distanced the possibility of a counter-offer on Abertis. Enel (+0,5%) marks new highs since 2008.
Corre Buzzi (+1,8%): Barclays has started hedging with an Outperform rating and a target price of €25. Of note among the industrial Stm (+1,2%) on the eve of the launch of the iPhone 8.
The title Prada has collapsed on the Hong Kong Stock Exchange: -13,95%, to 24,05 Hong Kong dollars, after the disappointing half-year results published last Friday. The judgments of Mediobanca (target price lowered to 26,3 Hong Kong dollars, neutral rating) and Equita (target price revised to 23,4 dollars) weighed.
The title will be in the spotlight at Aim fedon, up 13%, to 14,15 euros, with 11.200 pieces traded. The leading company in the production of eyewear and lifestyle cases (1.500 employees) has announced that it has completed the voluntary sale procedure, launched in France on 22 August last, in the context of which requests are presented for the sale of 3.439 shares equal to 0,18% of the share capital. Fedon shares will therefore be excluded from trading on Euronext Paris and concentrated on Piazza Affari.
