Piazza Affari poised between up and down. At 13 the index Ftse Eb travels just under 21,000 points (-0,16%). The other markets of the Old Continent are on the rise: Paris e Frankfurt they advance by 0,3%. Just below parity Madrid. Flat London, penalized by the difficulties of BT (-0,62%) after the French Orange said it could earn 1,15 billion dollars by reducing its stake in the British telephone company. Barclays -0,15% after the opening of a criminal investigation into payments made in 2008 to Qatari investors.
Little moved the exchange euro Dollar at 1,1155. The pound fell both against the dollar to 1,2667 and against the euro to 0,88048. Speaking in London this morning, Bank of England Governor Mark Carney warned that the time had not yet come to raise rates in Britain, citing low wage growth and the possible impact on incomes from the Brexit path.
On the bond market, it spread Btp/Bund fell to 164 basis points, the lowest since January. The 1,93-year yield falls to XNUMX%.
Bloomberg reports that the ECB it has decided to postpone any decision on the end of QE until the autumn: this will perhaps be discussed at the meeting on 26 October.
Petroleum down: Wti -1,7%, at 43,6 dollars a barrel, Brent -1,6%, at 46 dollars. Eni -1% Saipem -1,46% Tenaris -2,65%.
Continue the recovery of stm (+0,5%). The general manager of the French public investment bank, Bpifrance, Nicolas Dufourcq, could be elected non-executive chairman of the Italian-French chipmaker today. The probable appointment of Dufourcq, who joined the STM board in 2015 as a representative of the French government, comes less than two months after the appointment of another Frenchman, Jean Marc Chery, to succeed the current Italian CEO, Carlo Bozotti.
The luxury stocks are in great evidence under the impetus of the good results of Kering (controlling shareholder, among others, of Gucci and Bottega Veneta): the French group aims to achieve a turnover of 2 billion euros in the medium term with a margin of 25%. The men's fashion sector is also growing: +4/5% in the first quarter, driven by exports (+5%) with local demand at +1%. In addition to these numbers, Mediobanca Securities also cites a Mc Kinsey study according to which Chinese consumers' spending on luxury goods is destined to double in ten years.
They shine Moncler (+ 2,4%), Tod’s (+ 1%), Brunello Cucinelli (+ 1,7%) and Ferragamo (+1,8%). Among the banks, Unicredit advanced by 0,3%, Intesa +0,5%, Ubi -0,5%, Banco Bpm +1,5%. In the rest of the list, Exor -0,5%: Equita raised the target price to 54 euros from 50 euros, the Hold judgment confirmed. Fiat Chrysler +0,5. Utilities continue to rise: Enel + 0,4% Italgas + 1,7% A2A + 1%.
Telecom Italy + 1%. Mediaset +1,7%. Vivendi has officially frozen the voting rights over 10% of the capital of Mediaset to comply with the provisions of the Communications Authority.
Among the small caps, The Sun 24 hours +7% after the announcement of the transfer of the training and events area for 80 million euros. They still advance D'Amico (+4%) e Trevi: +2% after -5% yesterday.
