Turn up Business Square after a slow start in the wake of the banks, held back by the problems of Deutsche Bank. The Ftse Mib index rose by 0,58%, around 16.500, in line with Frankfurt (+0,5%). Paris and Madrid + 0,2% London +0,17%. There GBP try to recover after last week's shock (-4,5%). Today it marks a modest +0,2% against the euro and the dollar.
The data arriving from the economy favored the change of trend. It's record for Italian industrial production: the August index, according to the data released today by Istat, increased by 1,7% compared to July, in sharp contrast with the consensus estimates, stuck at -0,1%. Growth was 4,1% in trend terms, the highest level since 2011.
Euro down on the euro to 1,117 from 1,120 on Friday evening. The Petroleum falls: Brent is trading at 51,7 dollars a barrel, down 0,4%. The number of active drillers in the United States marks a new increase: the Baker Hughes index, which tracks drilling activity, has reached its highest level since February. Eni drops by 0,1%, Saipem +0,6%.
The index Sentix on the confidence of European investors was up in October, to 8,5 from 6,8 in September, the consensus was expecting 6.
In the afternoon there will be a meeting of the Eurogroup in which the ministers will evaluate the compliance with the reform program by the Greece, essential for the release of the 2,8 billion euro tranche.
Il BTP is little moved with a yield of 1,38%, unchanged. The 0,032-year Bund yields +2012%. The spread with the Spanish Bono moves close to the highest since February XNUMX.
In the banking sector (-1,3% the sector index) the uncertainty linked to Deutsche Bank (-2,7%). The weekend passed without any agreement being announced with the US Justice Department on the 14 billion euro fine relating to subprime mortgages.
Unicredit loses 1%, Entente St. Paul -0,5%. Where's Banca -0,6%. Raise your head Mount Paschi (+0,4%). Pop. Emilia -0,5% e Pop Bank. Milan +0,9%: a record influx is looming at the meeting of Bpm shareholders on 15 October, called to express their views on the merger with Banco Popolare (+0,4%).
Fineco -0,9%: according to Reuters rumors, Unicredit is considering the possibility of selling its stake. Anima -2%: negative inflows of 130 million in September.
Atlantia it rose by around 1,4%, driven by indications from CEO Giovanni Castellucci of the sale of a stake in Autostrade per l'Italia by February.
In the rest of the price list, the drop of Sun 24 Hours (-4%) after the publication of data on newspaper circulation. The president of Assolombarda and Techint, Gianfelice Rocca, speaking during the press conference at the end of the annual meeting of Assolombarda, said: “Within the ambit of the moral statute of the Techint group, we have never established shareholdings in banks, never in newspapers. As for Il Sole 24-Ore, I start by saying that it is a listed company, however I have a bad idea”.
