It travels just above the Piazza Affari parity in the last session of September. The Ftse Mib index travels up by 0,13% to 22.616. Similar increases for Paris and London. The Frankfurt Stock Exchange is doing better, +0,4%. The only negative ground is Madrid -0,14%, in any case little movement on the eve of the referendum (illegal for Madrid) on independence. On the last day of September, the indices consolidate the robust progress of the month: FtseMib +4,2%, just below Frankfurt.
Consumer prices in the 19 eurozone countries rose by 1,5% year on year in September, as in August. The consensus of macroeconomists predicted a rise of 1,6%. Core inflation, which excludes food and energy, is higher than estimates at 1,3% (1,2% consensus). According to Prometeia: the weakness of inflation and the appreciation of the euro will push forward the ECB's exit from Qe. For Morgan Stanley however According to a note from Morgan Stanley, the data is compatible with the announcement next month of a further reduction in the monthly purchases of the quantitative easing program, but Frankfurt will not indicate a definitive date for the closure of asset purchases.
The bond market is stabilising: 0,45% ten-year Bund yield. Brent oil is little moved at 57,4 dollars a barrel. Since the beginning of the month, oil has risen by 10%, the best month since December 2016. Tenaris is stable on parity, Saipem gains 0,4%, Eni 0,22%. Enel's change was modest -0,2%: the group's plant in Cerano, in the province of Brindisi, was seized by the Guardia di Finanza as part of an investigation by the Lecce District Anti-Mafia Directorate for alleged illegal waste trafficking.
In Piazza Affari, the slip of Telecom Italia -0,9% stands out in view of the fine that the Italian authorities are preparing to inflict for the failure to communicate on the change of ownership. However, brokers consider Amos Genish's appointment as CEO to be positive. Banks consolidate after recent progress. Banco Bpm sells 1,2% after announcing the agreement with Aviva for the repurchase of 50% + 1 share of the capital of Avipop Assicurazioni for 252,5 million.
Carige lost about 0,4% after announcing the conditions of the exchange offer on subordinated bonds. B for Banca -0,1%, Mediobanca +0,4%, real estate for all the others. Among the stocks in the main list, the greatest increases were recorded by Luxottica and Generali, which rose by around 1%. Fincantieri -0,9% widens the losses recorded yesterday in the wake of the announcement of the agreement between Italy and France on Stx. Profit also taken on Fiera Milano -3,6%. Yesterday, the stock was up more than 16% in the wake of the withdrawal of the judicial administration. Among the small caps Biancamano soars +11,15% after the results.
