THE NEW A2A PLAN IS LIKED, PIRELLI SBANDS
BUT THE BAGS SUFFER FROM OBAMA SICKNESS
The Milan Stock Exchange falls (FtseMib -0,64% to 15.194) and remains weaker than the other European markets, which after yesterday's sharp decline have failed to recover today: London down by 0,22%, Frankfurt - 0,3%, Paris +0,13%.
Even Wall Street fails to rebound for now after closing yesterday the worst session in the last four months: Dow Jones -0,16%, S&P500 -0,24%, Nasdaq +0,1%.
Still unstable Apple Lossless Audio CODEC (ALAC),-0,6% despite the good indications that come from Qualcomm +7% which yesterday closed a quarter well above expectations thanks to the components sold for the manufacture of Apple products
Meanwhile, the European Central Bank has confirmed the interest rate at 0,75%. During the press conference following the decision, Governor Mario Draghi specified that the ECB is ready to cut rates if necessary. “We haven't decided – specified the central banker – what we will do next year in terms of monetary policy”.
Lo BTP/Bund spread it started to rise again (today +9 bp to 360) for a yield on the 10-year Btp (4,98%) .
This morning's Spanish auction focused on medium/long-term bonds went very well.
4,76 billion bonds were placed, more than the 4,5 billion set as the maximum target by the issuer.
Among the blue chips of Piazza Affari, the rise of A2A , up 5,36% after the presentation of better-than-expected third-quarter results and a new industrial plan which aims to drastically reduce debt by 2015.
It also jumps Lottomatica +3.58% after better-than-expected results announced last night
On the contrary it falls Pirelli, down 2,75%. Some analysts speculate that the company may announce the downward revision of the targets next Monday.
Other industrial stocks contrasted: Fiat drops by 0,68%, Fiat Industrial advances 0,24%, Finmeccanica retreats by 2,67%, Ansaldo-0,87%. Also declining Prysmian -2,16%.
In decline Diasorin-2,08% and Italcementi down 5,3% after the announcement of lower than expected quarterly results.
Among the oil producers, Eni -0,4% while Tenaris +0,07% on the other hand has reset the morning losses and fluctuate around parity. Saipem, on the other hand, confirms its marked decline at -3,24%.
Closes just below parity StM -0,09% despite UBS promoting the stock by removing it from its "least favorite" list among European chipmakers.
Opposed the bankers: Unicredit -0,35% Banco Popular loses 1,92%, falls MontePaschi -2,48%. Positive Understanding +0,5%, e Mediobanca + 0,76%.
Generali, which will announce its third quarter results tomorrow, gained 0,4%.
In decline Enel-1,99%, little move Telecom Italy -1,11%.
Cade Italcementi down 5,3% after the announcement of lower than expected quarterly results.
