READ PUSH MPS. A TWEET FROM ICAHN MAKES APPLE FLY
EUROPE REVIEWS THE PLUS SIGN. AND THE SPREAD GOES DOWN
Germany accelerates, Europe thanks. This morning Eurostat should certify that, after six semesters of recession, the Eurozone has returned to growth albeit at telephone prefix rates (+0,2%).
The effects on Italy can already be seen: on a day characterized by the unexpected and strong leap of the German Zew index on confidence Piazza Affari + 0,6% scores the fifth consecutive increase.
The strengthening of the Italian stock market is accompanied by the improvement of conditions for government bonds. The spread between the Bund and the BTP fell by 4 basis points to 241 after spending most of the session below 240 points. The Bonos/Bund spread is at 271 basis points (intraday low at 264 points). The drop is mainly caused by the leap in the yield of the German bond, traded at 1,79% (+9 basis points) after the Zew. London's FTSE 100 gained 0,57%, Frankfurt's Dax 30 0,68%, Paris' Cac 40 0,51% and Madrid's Ibex 35 0,47%.
OBAMA STOP THE WEDDING IN THE SKY
THE CYCLONE STOPS THE HONG KONG STOCK EXCHANGE
Skip the session of Hong Kong: the Stock Exchange did not open its doors due to the violent typhoon that hit the city. Down Tokyo -0,31%, amid modest trades.
Wall Street yesterday interrupted the series of bearish sessions: Dow Jones +0,22%, S&P +0,32, Nasdaq +0,40%.
Two big news enlivened the day. Carl Icahn announced in a tweet that he entered Apple "with a strong position" +5,6% with an increase in capitalization of more than 20 billion dollars. Operators are betting on the ability of America's most famous raider to force Apple's board to distribute a good part of the enormous cash on hand among the shareholders.
Washington says no marriage of the heavens. The US Justice Department and several US states have sued the $11 billion operation that is expected to give life, with the merger between American Airlines and US Airways, the largest airline in the world. And so the Us Airways stock plummets to Wall Street recording a -8,24% to 17,27 dollars while the AMR share (parent company of American Airlines) plummets by 41,48% to 3,04 dollars.
PICK A RUSSIAN FRIEND FOR FINMECCANICA
ENI AGREES ON TAXES IN MOZAMBIQUE
In Milan, two protagonists above all. Among the banks, the leap in Mps stands out + 7,68% the day after the meeting between the president Alessandro Profumo and the prime minister Enrico Letta. The title thus eliminated the losses accumulated since the beginning of the year. In March it had managed to sell 30%.
Also prominently featured Finmeccanica +4,14%. The rumors reported yesterday by the Russian newspaper Kommersant see AgustaWestland as a possible strategic partner of Russian Helicopters. According to Kommersant, the Moscow group is evaluating the solution of an industrial alliance as an alternative to the stock market listing project: the share package that could be the subject of negotiations with a possible partner would be 25%. According to Mediobanca Securities experts, the operation is unlikely to be feasible due to the current financial conditions of the Italian company.
Also up were Banca Popolare dell'Emilia Romagna +3,9%, Banco Popolare +2,5%, Ubi Banca +3,8%. Neglect Intesa +0,1% and Unicredit +0,2%.
On the other hand, the titles of the are weak Unipol-Fonsai galaxy after the maxi seizure of real estate attributable to the Ligresti family for over 250 million. Fonsai dropped 1,92%, Unipol 2,04%, Milano Assicurazioni 2,41% and Premafin 3,09%. Generali rose by 1,1%.
Banca Akros has downgraded its rating on Azimut from accumulated to hold with a target price rising from 15 euros to 16,5 euros. The rating dropped to hold due to the evaluation and the stock on Piazza Affari is the worst of the main list with a loss of 2,08% to 16,98 euros.
Luxury continues to break records with Tod's +2% and Cucinelli +2,2% on new historic records.
Slightly declining Italcementi -0,25% after UBS raised its target price from 3,5 to 4,3 euros, confirming the sell recommendation.
Good day for the oil. Saipem +3,2%,Tenaris +1,2%.
Eni + 0,6%. In the meeting between the CEO of Eni, Scaroni, and the president of Mozambique, Guebuza, the details of the agreement reached for the sale to China National Petroleum Corporation of 28,57% of Eni East Africa were given. The payment of 23 million dollars and the commitment for the construction of a 400 MW power plant in the province of Cabo Delgado is expected for August 75
