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Asia and luxury give Fiat a boost

Caution on the markets waiting for the European vote on Sunday – Fiat stands out in Piazza Affari after the April sales data which show strong growth in Asia (+58%) and the doubling of the Ferrari and Maserati brands – They are down after the leap yesterday's Atlantia and Tod's – Ok A2A: Camerano will be the new CEO – Mediaset and Yoox rebound.

Asia and luxury give Fiat a boost

After a positive start, Piazza Affari changes direction. At 12 the index Ftse Eb marks a slight decline to -0,07%. Similar changes also for the other Stock Exchanges of the Old Continent: London -0,47%, Paris -0,19%, Frankfurt -0,29%. Madrid +0,11%. 

In London it loses its shots Vodafone (-3,4%) after writedowns of £6,6 billion. Salt instead Credit Suisse (+2%), after the 2,5 billion dollar fine imposed by the US government with the charge of concurring in tax evasion for US citizens. The banking authorities and the state of NY have decided not to revoke her license and the top management remains in place.

Caution is advised by the approaching European vote on Sunday. The Petroleum it is stable with Brent trading at 109,5 dollars a barrel (+0,1%) and Wti at 102,2 dollars (-0,3%). The change euro/dollar is unchanged at 1,370. The differential Italy/Germany on the 180-year stretch it is indicated at 3,144 basis points, one cent below Monday night, while the 3,149-year rate is at XNUMX% from XNUMX%.

The stress tests that the ECB and the EBA are preparing, in particular the adverse scenario envisaged by them, will prove to be "very demanding" for some German banks. This was stated by the president of Bafin, the German Consob, Elke Koenig.

Recommended Fiat (+1,73%), after the sales figures for April which show strong growth in Asia (+58%) and the doubling of the Ferrari and Maserati brands. Fiat-Chrysler April sales in Asia Pacific jumped from 13,8 thousand units to 21,8 thousand. This is what emerges from the monthly report. The Nafta area also recorded an increase, but more modest (+11,7%). Noteworthy was the performance of Ferrari and Maserati, which sold 3.300 cars worldwide, more than double compared to the same month in 2013. Fiat stock rose despite Exane's severe judgment on Alfa's relaunch.

They are down after yesterday's jump Atlantia (-2%) And Tod’s (-2,3%). Among the heaviest blue chips on the list, Enel drops by 0,3%. Eni -0,61%: Eni's hydrocarbon production in Libya continues in line with the first quarter trend and, for the moment, the group has not adopted measures to evacuate its personnel. Telecom Italia loses 1,52%. 

A2A +2,74%: Luca Valerio Camerano will be the new managing director and Giovanni Valotti the new president. 

Mediaset (+1,5%) rebounds on the stock market after the decline following the publication of the quarterly; analysts are evaluating the impact of the competition for the Serie A rights after the announcement was published yesterday. In the last five sessions, the stock has lost more than 13% on the stock exchange. 

Shines L'Espresso (+4%). Among the financials Generali -0,06%: Berenberg raises the target price to 17,5 euros from 17,2 euros, Hold judgment confirmed. UnipolSai -0,4%. The banks are positive. Understanding +1,81%. salt MontePaschi +0,6% on the eve of the shareholders' meeting, Popular Milan + 2,46%. Unicredit + 0,43%.

In luxury it bounces Yoox (+ 2,3%). Geox + 2,4%. 

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