The European Stock Exchanges are heading towards a positive end to the week thanks to the boost from banks and insurance companies. In Piazza Affari the push is accentuated by the expectation of an agreement between Telecom and Mediaset.
The Ftse Mib index accelerates beyond 22.500 with an increase of more than 80%. Paris and Frankfurt also rose robustly, just under 0,7%. The forecasts are also positive for Wall Street which today, in homage to Black Friday, will observe reduced hours. Thanks to today's rebound, the week of the Old Continent's stock markets is about to close with a positive balance. The partial sees the Eurostoxx gaining 1%, the FtseMib traveling at double the pace: +2%.
The Btp/Bund spread remains unchanged today, with the Italian market remaining close to the levels of early November. The 1,80-year rate is below 143%, the spread is XNUMX points.
On the macro front, oil is still rising. The American WTI pushes up by 1,1% on new highs since 2015. Brent $63,70. Russia is ready to discuss the extension of the agreement on the cut of crude oil production decided by OPEC and non-OPEC countries at the next meeting in Vienna scheduled for November 30th. This was stated by Russian Energy Minister Alexander Novak at the gas summit in Bolivia.
Eni -0,2% Saipem -0,1%, looks at the business of renewables as well as high-speed rail. CEO Stefano Cao says so. The president of Cassa Depositi e Prestiti, Claudio Costamagna, hopes that the company's capitalization will return to the levels of 4-5 years ago.
A sharp rise Mediaset +4,55%, with strong volumes, on press rumors of an imminent agreement with Vivendi to end the dispute after the failure of the French to acquire Premium pay TV. The stock trimmed gains slightly after CFO Marco Giordani told Reuters that talks are still ongoing and a shutdown doesn't look so imminent.
Positive too Telecom Italy +1,45%: pending the board of directors meeting on 5 December, the market is betting on the separation of the fixed network. The operation would then allow Tim and Mediaset to form a single multimedia group.
Banks are also in evidence (sector index +2%). Purchases are mainly concentrated on the former Popolari: Bper + 5,8% Bpm bank + 6,4, Ubi +4,7% and Unicredit +2,1%. The purchases are supported by the news that the European Parliament is studying a "chute" to facilitate the disposal of non-performing loans. Furthermore, the EU council is contesting, according to some rumors, the right of the EU Supervisory Authority to launch the addendum on NPLs in the version wanted by Danielle Nouy.
Bene Understanding + 1,3% Unicredit +2%, will request to obtain the guarantee for the bad debt securitizations (gacs) on the most senior tranche of the Fino project. Banca Carige +1%, should accept Christofferson Robb's (Crc) binding offer for Creditis. Creval + 3%.
Yoox +0.9% celebrates Black Friday: this morning Banca IMI raised its recommendation to Add (accumulate) from Hold.
