Closing in the spirit of sales for Piazza Affari which ends the session, weighed down by banks, Cnh and Saipem, with a slight drop of 0,34% while the other European stock exchanges close higher. Paris +0,81%, Frankfurt +0,34% and London +1,16%. Positive closure also for Asia: Shanghai +3,5% and Shenzen +4,13%. Also buying on Wall Street with the Dow Jones up 0,62% and the S&P500 up 0,49%. The Athens Stock Exchange is still closed and the decision of the Ministry for reopening is expected shortly, after the go-ahead from the ECB.
Today the Treasury assigned six-monthly bills for 6,5 billion with yields down to 0,007%. The market expects yields to drop and good demand also for tomorrow's auction on 5- and 10-year CCTEUs and BTPs (for a maximum of 6,25 billion). However, the Btp bund spread closed up at 119 basis points.
Traders are awaiting Janet Yellen who today concludes the usual two-day meeting of the FOMC on the cost of money: indications are awaited on the rate hike which should take place by the end of the year. Meanwhile on the macroeconomic front the Use reported a 1,8% decline in existing home compromises, worse than analysts' expectations. However, it is corporate news that holds the scene.
Especially the headlights turned on Twitter which is hit by sales on Wall Street following the quarterly which disappointed in terms of growth in monthly users which was 2,6% to 316 million and which according to indications from the same management does not promise to recover in the short term. Yelp then collapses (-30%). The consumer review site ended the second quarter in the red and cut its full-year estimates by 5%.
WTI oil rose by 2,54% to 49,20 dollars a barrel. The euro-dollar exchange rate dropped 0,31% to 1,1026.
A Business Square sales hit Cnh Industrial after the accounts and the revision of the 2015 targets. Saipem was also punished (-3,44% and several downward suspensions) after the 900 million loss announced in the quarterly. Among the worst stocks also the banks with Bmps which yields 3,7% and Unicredit 3,32%.
In relation to an article that appeared this morning on Dagospia.com UniCredit has announced that "what has been published about the ECB, or about some financial indicators, is totally without foundation". The title also suffers from press rumors about the possible exit of general manager Roberto Nicastro. The article refers to an alleged "disappointment" of the ECB on some indicators of the bank's balance sheet which are not good. In the meantime, the Ministry of the Treasury has put the text of the legislative decree for consultation on the website which will introduce the bank resolution mechanism from 2016 January XNUMX and will activate the so-called bail-in.
It flies against the trend Buzzi Unicem +6,17% which benefits from the merger of Italcementi with HeidelbergCement, as well as outside the Ftse Mib Cementir rises by 4,41%
The Pesenti group had no brakes, jumping by 49% to 47 euros, still below the price (9,85 euros) paid by HeidelbergCement to the Pesenti group and which will be the basis for the next takeover bid. The parent company Italmobiliare also takes off +10,6%. Highlights then Tenaris +27,87%, Tod's +3,32% with luxury that was driven by the good results of Lvmh, Enel Green Power +2,71% after the 2,55% increase in net profit and 16,7% of revenues.
