Unicredit, but not only. There institute quarterly, much better than estimates (and speculation-fueled fears) favors the upside of Business Square. The index marks +1,17% and leaps close to 21.900 points.
The other Stock Exchanges also rose, galvanized by the rally in Chinese lists, which achieved the largest rise in the last two years (+2,9%). They advance Frankfurt e Paris, around an upward point, ahead of Madrid (+0,8%).
London rises by 0,6%, animated by a historic operation for the Premier League: Stan Kroenke, the American tycoon who owns American football and basketball teams, has made an offer to take full ownership of Arsenal, an offer which it implicitly values the London Premier League club at £1,8bn.
The stock market also goes up Istanbul (+1,5%), while the Turkish lira recovers after six consecutive sessions of decline. Dollar-lira cross at 5,23.
THEeuro rebounds to 1,159 against the dollar, even if other confirmations of the slowdown in Germany arrive, German industrial production in June marks a decline of 0,9% month on month, from +2,4% in May. Gold also rose: +0,5% to 1.213 dollars an ounce.
After a downturn, the Italian bond market is recovering with the spread which returns below 250 to 247 (against 253 at the beginning). The 2,88-year yield goes to a minimum of 2,90%, compared to 2,92% at the last close and the XNUMX% reached at the start of today's session.
Petroleum Brent at $74,2 a barrel, up 0,6%. US crude inventories should have dropped by 3 million barrels, Bloomberg anticipates: the data will be published tomorrow. The first sanctions by the United States against Iran are in effect today: for the moment, the provision affects non-essential goods, such as pistachios and carpets, but the ban on the subscription of Iranian bonds is a serious hitch for the country, afflicted by the drop in GDP below zero. Sanctions regarding oil take effect on November 5th. Jean Pierre Mustier, CEO of Unicredit, said he was convinced of an agreement between the US and Iran within the year.
In Piazza Affari the oil companies are highlighted, in particular Saipem (+3% to 4,45 euros). Since the beginning of 2018, the stock has risen by 16%. Eni + 1,2% Tenaris +2%. recovering much of the ground lost last week, after the forecasts provided for the second quarter of 2018: now 15,19 euros, +2,1%.
Leading the rally though Unicredit, up 2,35% after the release of the quarter's results. Net income exceeds the bar of one billion (1,02 billion euros against expectations of 0,93 billion euros). Revenues of 4,95 billion euros, 4,92 billion expected. Interest margin up 1,6% on the first quarter. Costs fall by 6,9% year on year. Common Equity Tier 1 at 12,5%: the bank confirms that at the end of the year, with the spread on current values, the capital ratio will be in the range of 12,3% - 12,6, XNUMX%.
The accounts of are expected during the day B for Bank (+ 0,28%), Pirelli (+ 1,69%) and doBank (+0,29% to 10,51 euros). Live Banca Carige (+2,11%), awaiting the Board of Directors for the answers to the ECB on governance.
Avanza stm (+1%) in line with American tech. Among the industrialists well Buzzi (+1,5%) and Cnh Industrial (+1,9%. All about utilities: Snam + 1,8% Enel +1,3%. in luxury, Moncler e Ferragamo +2%. Retrace Tod’s (-2%) after yesterday's leap (+17%).
