DRAGHI GIVES THE BOOST TO THE EUROPEAN STOCK EXCHANGES
BANKS AND LUXURY TOAST WITH CAMPARI
Closed Wall Street for holidays, the European stock markets experienced a day of approaching the key appointment of the week: the directorate of the ECB. In Milan, the Ftse Mib index rises by 1,1% to 15267%, London gains 0,82%, Paris +1,19%, Frankfurt +0,63%. Madrid closes at +0,24% despite the fact that Andalusia has also announced that it will resort to aid from the central state. The 5,782-year BTP is traded at a yield of 443%, the spread slightly improving to 6,6 points (-XNUMX basis points).
The upward push comes from the words of Mario Draghi, protagonist of an hour-long hearing, behind closed doors, at the economic commission of the EU Parliament. On that occasion, the president reiterated, according to the comments of some MEPs, that "the purchase of government securities of up to 3 years on the secondary market is not a monetary loan to the states", thus responding at a distance to the criticisms of the Bundesbank. The ECB president also reiterated, in full agreement with Angela Merkel, that he is against the banking license for the ESM anti-crisis fund. In Milan, the increases are widespread in all sectors, starting with the banks: Unicredit rises by 1,75%, MontePaschi +0,98%, on a par with Pop. Milan +1,92%, BancoPopolare +2,5%, Intesa +0,88%. Mediobanca rises by 1,29%.
Campari leap +7,96%: The company announced the purchase of Jamaican rum maker Lascelles DeMercado for $415 million. The opinions of Cheuvreux and Mediobanca were positive.
Tod's flies into the luxury sector +6,91% to 90,3 euros after HSBC raised the target price to 90 euros from 81 euros, confirming the neutral recommendation. Positive judgment also for Ferragamo +2,49%: HSBC confirmed the positive overweight opinion and raised the target price to 21 euros from 18 euros. Luxottica rises by 2%.
Eni it lost 0,57%, down after rumors according to which the Cassa Depositi e Prestiti had started operations to sell a 3,4% stake. Saipem rose by 1,59%, Tenaris +1,65%.
StM -0,76%, downgraded by Nomura to neutral from buy, the target was lowered to 5 euros from 10,4 euros.
Even today Camfin is moving upwards which rises by 6,9% with speculative purchases by those who bet on an incurable contrast between Tronchetti Provera and Malacalza. Pirelli marks an increase of 0,63%. Prelios drops by 2,2%.
Rcs is suspended due to an excess increase (theoretical variation +19%). Mondadori +16%, Espresso +7,8%.
