The rebound in Madrid, +2,54%, the rising opening of Wall Street and the recovery of oil, positively oriented the European markets in the second part of the session, with the exception of Frankfurt, which closed flat, -0,02, 0,49%. Piazza Affari hits a rebound, +22.566%, 10,78 points, even if many banks remain in the red. In particular, outside the main basket, Creval sinks -1%, after the cut of the Moody's rating from Ba2 to BaXNUMX.
The best blue chip of the day is Exor, +3,82%, which reaches new highs, facilitated by the prospect, designed by John Elkann, that Sergio Marchionne will remain in the finance company after 2019, when he will leave FCA.
Fractional gains for Paris +0,3% and London +0,54%. The euro-dollar exchange rate moves in the 1,17 area, with the single currency oriented downwards (-0,41%). The minutes of the last ECB meeting were released today, revealing widespread concern about the rapid appreciation of the euro. The reshaping of the QE program is also at the center of the discussion.
The bondholder takes a breath, after the pressure of the last few sessions, caused by the referendum for the independence of Catalonia. Today the Spanish Constitutional Court decreed the precautionary suspension of the session of the Catalan Parliament scheduled for Monday, while rumors spread that separatist leaders are at odds with each other. News that restores confidence in overcoming the crisis, from which the price lists (especially the Ibex) and the secondary, including Italian, are taking advantage. The yield of the 10-year BTP falls to 2,21% and the spread with the Bund falls by 1,96%, to 175.00 basis points.
Oil sharply up: +2,03%, 56,73 dollars a barrel. The thrust of crude oil helps the oil companies of Piazza Affari. In the first place Saipem, +2,47%. Snam also did well +1,52%; Enel +1,49%. Atlantia tonic +2,33%. The black shirt of the Ftse Mib is Ubi, -2,11%, followed, in the banking sector, by Bper -1,77%. Unicredit raises its head a bit, +0,29%. Banks continue to suffer on the heels of ECB guidelines, which include tougher measures for NPL provisioning. "An addendum - for Antonio Patuelli, president of Abi - which adds not small things, but boulders to the umpteenth rules on impaired loans".
Ferragamo lose ground -1,9%; Ynap -1,29%; Cnh -1,26%. Telecom recovers +1,12%. Vivendi's CEO and Tim's chairman Arnaud de Puyfontaine has left the doors open to a possible separation of the network as long as it creates value. Meanwhile, the financiers of the currency police unit of the Gdf of Milan, together with representatives of the Paris Gendarmerie, carried out searches of Vivendi's offices in the French capital as part of the investigation by the Milan prosecutor's office into the attempted takeover of Mediaset by the French group. The snake gains 0,41% on the stock exchange.
Pirelli did well, on the second day of trading, +3,71%. Mesta Banca Mediolanum, -0,75%, the main candidate to leave the Ftse Mib to make room for the Bicocca company. The capitalization of Banca Mediolanum stands at around 5 billion, against the current 6,7 billion of Pirelli.
