In the middle of the day, Piazza Affari scores a substantial draw, the result of opposing tensions: the warning letter arriving from Brussels weighs heavily on the "significant deviation" of the Italian stability law from the objective of structural balance; on the other hand, the rebound in the eurozone PMI, which rose to 52,2 points, had a positive effect, growing in the manufacturing sector and remaining stable in the services sector.
The index Ftse Mib gains 0,11% at 19.288. This morning, after the release of data on the manufacturing industry in Europe, the benchmark of Piazza Affari had managed to gain 0,6%, it had started down by about one point with a minimum of 19.037 points. Correspondingly, Paris +0,31% and Frankfurt +0,52% rose. Madrid +0,06% almost unchanged, London -0,36% negative.
Resta weak oil after the sharp increase in US hydrocarbon inventories, double the expected. Brent changed hands at 84,8 dollars, up slightly by 0,2% after losing 1,7% yesterday.
The offer closed this morning Btp Italy. The total amount, including institutional purchases, is equal to 7.506 million. The Treasury raised the definitive annual (real) coupon rate which, from the 1,15% initially envisaged, rises to 1,25 per cent.
On the price list of Piazza Affari it shines Luxottica +2,4% following the appointment of Adil Mehboob-Khan as new co-CEO effective January 2015, XNUMX. Berenberg upped his recommendation to Buy. Meanwhile Claudio Del Vecchio, Leonardo's eldest son, has denied disagreements within the family: “We as children, I certainly have, have always respected my father's will and I have worked in the company with passion – he declared -. On a personal level, none of the children had ambitions because the company is of such a size that it must be led by a team and the better the team, the better it is managed".
Among the luxury companies they go down Yoox -3% and Tod’s -0,8%.
In the segment of industrialists it slips Pirelli -1% following data from Michelin: the French rival cut its 2014 sales estimates.
Fiat Chrysler -0,6% StM -0,5% Finmeccanica +1%.Continues weakness of Sogefi -3,7%, after the disappointing quarterly.
Alternate trend for the banking sector, under pressure ahead of Sunday's EU exam results. They retreat Mount Paschi -0,4% and Ubi -1%, advance Understanding + 0,3%. Unicredit -0,17%. We are moving towards the exclusivity of the Prelios-Fortress consortium for Uccmb, the bank within the group that deals with non-performing and non-performing loans.
Among the insurance companies, Generali +0,2% and Catholic -0,4%. Weak oil: Eni -0,8%. Tenaris -1% Saipem -1%.
