Piazza Affari recovers yesterday's losses and closes the session in the pink jersey, at 22.346 points, +0.97%. Purchases mainly reward financial stocks, starting with Unicredit +2,87%; bounces Fiat, +1,72%, after the slide on the eve. The other European markets are much more tepid: Frankfurt +0,01%; Paris +0,08%; Madrid +0,25%. London remains unchanged.
Opening bell in tune with Wall Street, with banking in dust and technology back in vogue, while the Dow Jones immediately hits another record. In contrast General Electric, which announced a quarterly profit below expectations and reduced its forecasts. The wind of optimism is blowing on New York's stock markets, following the approval of the 2018 federal budget by the Senate, a move that facilitates the tax cut plan. The news invigorates the dollar and the euro is back below 1,18 against the greenback. A speech from Fed Chief Janet is also expected tonight Yellen, after yesterday's meeting with US President Donald Trump. The appointment of Yellen's successor at the helm of the central bank is approaching and Jerome's shares strengthen Powell, quite in line with the policies conducted up to now.
Fractional gains for oil, with crude rising to $57,43 a barrel, up 0,65%.
Weak session for the Italian card, with the yield of Btp 10 years at 2,05%. However, the spread contracts, due to the much stronger pressures on the Waist, -2,21%, 159.20. Fitch's verdict on Italy should come out tonight.
In Piazza Affari, the banks are well bought, among others Unicredit stands out, at the highest at 17,22 euros per share, while some rumors speak of the sale of the Monte dei Pegni to the Austrian group Dorotheum. It also shines Banco bpm +2,34%. Outside the Ftse Mib they stand out Creval +3,72% and Carige +3,09% after the expansion of the consortium to include Barclays and the success of the subordinated bond conversion operation.
Good news for the credit sector comes from Bank of Italy bulletin, according to which in the second quarter of the year new non-performing loans fell back to pre-crisis levels, ie "to 2,0%, a value in line with the average of the two years preceding the start of the global financial crisis".
It stands out in asset management Azimuth, +2,15%. Among the luxury stocks the best is Moncler, up 2,06%, ahead of the third quarter preliminary accounts to be announced on Tuesday. Well Telecom, +0,92%, with the Minister of Economic Development, Carlo Calenda, in favor of the unbundling and listing of the network.
In the galaxy Agnelli partially recovers Fiat (most traded stock in the session), rebounds Cnh +1,49%, while sales prevailed on Exor -0,67% and Ferrari -0,31%. Worst blue chip is Ferragamo, -0,89%. They also give in Post -0,48% and Luxottica -0,22%.
Finally postponed the return to the Stock Exchange of Ps, which was due back early next week. The green light from Consob was expected this weekend, but the supervisory body lets it be known that "evaluation is still ongoing."
Among the mid caps they shine Rai Way (+ 2,88%), Banking Iphis (+ 3,37%), Fincantieri (3,37%) and Carige (3,09%).
