PIAZZA AFFARI RISES BUT HOLDING DOWN THE ENTHUSIASM
MEDIOBANCA AND FINMECCANICA HIGHLIGHTS
Uphill but without euphoria. Business Square greets the outcome of the vote in Parliament with a moderate increase, less than the leap in the morning when, after the Senate vote, the Ftse Mib index it had risen 1,8% to 18.304 points, a level not seen since 2011.
Eventually the index closes at +0,68% at odds of 18.098.
The Italian events do not affect the other markets, focused on the US shutdown.
Frankfurt is down by 0,7%, Paris by 0,92%, London by 0,5% and Zurich -0,17%, Madrid up by 0,17%.
even the BTP it strengthened in the late morning with a 4,34-year yield at 6% (-251 basis points), and a spread with the Bund at 9 basis points (-256 basis points). But in the evening the gap returned to XNUMX bp.
The differential with the Good Spanish, which yields 4,21% (+5 basis points) is at 13 basis points, up from 26 basis points this morning.
THEeuro once again seeing 1,36 dollars for the first time since January on the words of the governor of the ECB Mario Draghi who today, in a press conference reaffirmed once again that he is ready to use any measure to support the economic situation, including the possibility of a new long-term super-auction (or Ltro).
La American stock exchange it is down on the second day of the partial shutdown in Washington, the closure of the federal administrations following the lack of agreement on the budget.
The indices Dow Jones and S&P down 0,53% and -0,41% respectively, Nasdaq -0,29%.
Investors are confident that within a few days a political compromise will be reached and the situation can return to normal. But there are no signs of new negotiations in progress from the US Congress.
Uncomforting data on the American labor market has been released today. In September, the private companies surveyed by the research firm ADP increased the number of their employees by only 166 units, down from 176 in August and less than the 180 estimated on average by economists.
In Milan the banks are going up despite the fact that the International Monetary Fund has pointed the finger at their capital position which is holding back the credit capacity to the system.: Unicredit +2,35%, Ubi Banca +2,79%, Banco Popolare +2,84%.
In great evidence Mediobanca +6,06% thanks to the streamlined syndicate pact that emerged after the cancellations.
Entente +4,71%.
The best is blue chip though Finmeccanica +7,58%: investors are betting on an imminent solution to the sale of Ansaldo Energia after the summit meeting at Palazzo Chigi between Alessandro Pansa (the CEO) and Enrico Letta. Ansaldo Sts -0,14%.
Profit-taking penalizes Rest -3,83% and World Duty Free -2%.
Fiat -0,65%.
Telecom Italy he experienced a slowdown of 1,25% on the eve of the board meeting during which the president Franco Bernabe' will most likely resign.
Enel salt of 0,75, Eni loses 0,4%.
Among the titles of the Berlusconi galaxy. Mediaset - 1,26%, Mediolanum +1,37%, Mondadori +1%, Ei Towers -0,1%.
In luxury Tod’s -0,43% Luxottica -2,54%.
Yoox-2,8%, accelerates the decline, eighth consecutive decline after the news, a few days ago, that the main shareholder halved the stake.
