FLAT BAGS, OIL STILL DOWN
FIAT ADVANCES, STILL UP TELECOM
Stay at the pole there Milan Stock Exchange -0,04% while market attention to the referendum in Scotland is growing and the situation in Ukraine remains well above the danger level. The result is a flat trend9 almost everywhere.
Also fears of rate hikes in the US Stock markets are also slowing down in Europe: Paris 0,01%, Frankfurt -0,04% Madrid -0,16%, Only London rebounds +0,16% reflecting the drop in the pound.
On the other hand, Piazza Affari was supported by the positive outcome despite the positive outcome of the 12-month BOT auction, with the yield on securities falling to the new all-time low of 0,271%.
On Wall Street, the decline is led today by the energy sector. The Dow Jones is flat, the S&P 500 is down 0,02%, while the Nasdaq is up 0,16%.
Il Wti-type oil Falling to its lowest since January 2014 following the release of US crude oil and distillate inventories data, US benchmark oil futures trade at $91,6, down 1,2%.
The current one is the ninth negative session of the last ten for black gold. From the highs of the year marked on June 19th at 115 dollars, the loss exceeds 16%.
Eni closes down by 0,4% at 19,07 euros. Brent loses 1,2% and slips to the lows of the last 18 months at 97,90 dollars a barrel.
The best blue chip in Milan is Fiat +2% in the wake of the news of Luca di Montezemolo's resignation and Sergio Marchionne's inauguration as president of Ferrari as of October 13, the day of FCA's landing on Wall Street. The Maranello company, Marchionne assured, will not be listed.
Finmeccanica +0,7% confirmed the existence of more proposals for Ansaldo Sts -1,5% after touching the absolute record in the morning.
Fiat (+1,88%) she was the queen of the session, on the day of the official announcement of Luca Cordero di Montezemolo's farewell to the presidency of Ferrari.
Recommended RCS Mediagroup +3,6%.
Contrast the banks: Intesa +0,1%, Unicredit -0,1%, Ubi Banca +0,5%, Banco Popolare +0,2%. Weak Banca Popolare di Milano -1,7%.
MontePaschi rebounds 1,8% after the fall on the eve.
Telecom Italia +0,5%. Bloomberg writes that the group wants at least 13 billion euros for the majority stake in Tim Partecipacoes, the controlling holding company of Tim Brasil. The entire company would be valued at 20 billion euros in Enterprise Value, 70% more than the stock market price.
Mediaset loses 2,8%. According to Bloomberg, which cites sources familiar with the matter, Vivendi is evaluating the purchase of Telefonica's 11% stake in Mediaset Premium, Mediaset's pay TV. Weak all the luxury: Ferragamo marks a drop of 2,2%, Yoox -2% and Brunello Cucinelli -3,7% down.
