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Mediaset, luxury and FCA push the stock market

The Biscione takes advantage of speculation around Vivendi-Sky – The Fiat galaxy is also in evidence – Tod's, Ferragamo and Luxottica are doing well – German industrial production disappoints, but exports rise more than expected – Spreads around 110 basis points, continues the oil recovery.

Mediaset, luxury and FCA push the stock market

Positive scholarships in the middle of the session. While awaiting the data on US unemployment, the market is concentrating on M&A transactions from Shell with BG to Vivendi with Sky (a hypothesis which however was denied by the CEO of Vivedni). Greece has repaid 450 million euros to the IMF and would not have asked for financial aid from Russia on the occasion of yesterday's meeting between Tsipras and Putin. 

At Piazza Affari the Ftse Eb is swept up by the luxury of Tod’s (+ 2,82%) and Luxottica (+2,12%). Loses momentum Ferragamo (+1,57%) compared to the sprint at the start (+3,3% to the new historical record).

Shop on Mediaset (+2,71%) which benefits from speculation around Vivendi. For the analysts of Mediobanca Securities Mediaset could be an interesting strategic option for the French Vivendi. In an interview with the Financial Times today, the CEO of Vivendi, Arnaud de Puyfontaine explains that Vivendi aims to become an operator entirely dedicated to media and content through acquisitions. The manager ruled out an interest in Sky and described ITV as "too expensive". 

Also highlighted is the Fiat galaxy with fca which rises by 2,03% and Exor by 1,65%. Finmeccanica was also in the light (+1,4%) after the new contracts for Drs. Among the minor titles, Mid Industry rises (+9,8%) on the hypothesis of an intervention by the Palladio fund in the small investment company. 

Lo spread Btp-bund is at 109 basis points and the Italian 1,25-year bond yields XNUMX%. London 0,68% salt, Paris by 0,85% and Frankfurt by 0,42%. Berlin released the data on German industrial production which rose 0,2% seasonally adjusted, below analysts' expectations. On an annual basis, the decline is 0,3%. Exports, on the other hand, jumped. The German trade balance recorded a seasonally adjusted surplus of 19,7 billion in February, higher than analysts' expectations (19,4 billion). Exports on a monthly basis grew by 1,5% while imports by 1,8%.

Also the Britain published its February trade balance which showed a deficit of 10,3 billion pounds and the January figure was revised upwards. 

THEAsia closed again on the shields. Hong Kong reached new highs since 2008 and then held back the rises, closing at +2,7%. Tokyo +0,7%, close to 20 points and the highest level for fifteen years, which benefits from the rise in the dollar against the yen also in relation to a possible squeeze on the greenback. Last night's Fed minutes revealed division within the Fed over the timing of the rate hike, which for some should arrive as early as June.

The change euro dollar drops 0,3% and oil bounces and the WTI rose by 2,54% to 51,7 dollars a barrel.  

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