Business Square breaks the negative cycle that had lasted for seven sessions and marking the best performance among the financial markets thanks to Fiat and the banks. The Ftse Mib index rose by 1,32%, to 21.563. The rise of the other European markets was more modest: Paris + 0,82% Frankfurt + 0,60% Madrid +0,63%. Also London advances by 0,84%.
The yield on the 2,720-year BTP rose slightly to XNUMX. Btp/Bund Spread at 158,97. Meanwhile, the rise in the American stock exchange with the S&P500 index rising by 0,5% and reaching a new all-time high at 1.970. The Dow Jones rose 0,7% and the Nasdaq 0,9%.
Investor optimism is fueled by positive data from theChinese economy: the PMI index on the manufacturing sector rose to 51 in June, the highest level in the last six months, from 50,8 in May. According to data from the National Institute of Statistics in Beijing.
Twitter it jumped 4,44% on news that Anthony Noto, now general manager of investment banking for technology, media and telecommunications at Goldman Sachs, will assume the position of CFO, while Mike Gupta will become vice president for strategic investments.
In Milan it shines Fiat up by 3,3% to 7,445 euros. The good news from Brazil (renewal of incentives) was echoed by the extraordinary data from the United States, the best since 2007. In June, Fiat-Chrysler sold 171.086 vehicles in the United States, an increase of 9% over the same period of a year ago. Competitor Ford scored -5%.
According to analysts, the figure for the Italian-American group is higher than expectations, which forecast growth for the entire year of less than 8%. In the meantime, tonight the Brazilian government announced that it will extend the tax breaks on car sales to the whole of 201.
The banking sector is brilliant after days of tarnishing. Unicredit it closed up 2,5% at 6,26 euros. The deputy general manager Paolo Fiorentino yesterday denied the hypothesis of an imminent sale of Pioneer, a "strategic" asset, and revealed that the negotiations for the sale of Uccmb may not close in time for the August 5 board meeting which will examine the accounts half-yearly.
Big leap of Montepaschi, which gained 8,5% after the return to the Treasury of 3,455 billion Monti bonds (including 2013 interest). Yesterday the offer of option rights not exercised as part of the capital increase ended early. Intesa Sanpaolo + 2,9%.
Closes beautifully Enel +1,4% with an acceleration in the final closes with a gain of 1,4% at 4,314 euros. Falling to 75% of Endesa from the current 92%, as suggested by the UBS report (and, apparently, also subject to assessment by the board of directors), Enel would collect over 3 billion euros.
Su Eni, Exane, awaiting the update of the group's strategies (expected date July 31st) reaffirmed the outperform rating on the title.
Gtech it is supported by the start of the buyback. News on the tender for the Turkish lottery is expected next week while negotiations continue to take over the American IGT. Mediobanca confirmed the outperform.
Overlooked luxury with markups for Luxottica -1,23% Yoox -0,56% and Tod’s -1,88%. As Roma leaves 7,38% on the ground on the second day of the 100 million euro capital increase. Rights lose 14,6%.
