Vola Mediaset (+3%). It does even better Mondadori (+6,7%). The trial of Silvio Berlusconi today it's not scary in Piazza Affari, committed to correcting bank prices upwards, after Black Monday. But the Oscar of the day belongs to L'Espresso (+11,2%), rewarded by Mediobanca with outperform from neutral and a target price of 1,2 euro. Salt too Rcs (+2,5%) on the eve of tomorrow's meeting between the members of the trade union pact.
Milano it accelerated towards the end with purchases spread across all sectors. The Ftse/Mib index gains 1,64%, to 16542. Mdrid follows with +0,91%. The other European Stock Exchanges were more timid, with Frankfurt gaining 0,15%, Paris +0,45%, London +0,16%. Wall Street continues to rise on the first day of the FOMC meeting: Dow Jones +0,24% and S&P500 +0,26%, Nasdaq +0,8%
The slight slowdown in the US consumer confidence index for the month of July, equal to 80,3 points, lower than expected (81 points), does not matter. Contributes to optimism the success of theBtp auction. The Treasury placed all of the 6,75 billion expected. A package of 3 billion BTPs over 5 years was placed with a yield down to 3,22% from 3,47% at the previous auction. Placed another 3,75 billion BTP package maturing in March 2024 at a yield of 4,46%, down from the previous 4,55%. The 4-year Btp/Bund spread decreases by 275 basis points to 10 for a 4,40-year Btp yield of XNUMX%.
In Milan between the banks performed well: Mediobanca +2%, Intesa San Paolo +2,80% (according to UBS it is the best bank among those in the European "periphery"), Unicredit +1,99%, Ubi +2,69%, Bpm +0,9%, Banco Popolare +0,36%. Mps (-0,76%) was out of tune on the eve of the closure of the investigations into the purchase of Antonveneta.
Fiat drops by 4,21% after announcing a revision of the estimates for the subsidiary Chrysler, which should now close 2013 with a net profit between 1,7 billion and 2,2 billion (previously the indication was 2,2 billion dollars). Fiat instead confirmed the year-end guidance. Purchases for Exor (+1,68%) and Fiat Industrial (+2,33%).
Fly after the bills Saipem (+6%). The company closed the second quarter of 2013 with a net loss of 685 million euros (243 million the profit of 12 months ago). However, the residual order backlog as at 30 June stood at 21,7 billion, from 19,74 billion as at 31 December 2012. The other orders also increased oil: Eni +1,28%, Tenaris +2,74%.
Among utility A2A (+2,9%) and Enel (+2,25%) stand out. StMicroelectronics +2,6% driven by the accounts of the German Infineon. In the luxury Luxottica +0,73%, Ferragamo +1,06%, Tod's +0,5%. Lastly, the performance of Brembo (+3,6%): Kepler Cheuvreux has launched the buy recommendation on the stock with a target price set at 19 euros.
