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Moncler drags the luxury but the Ftse Mib slips below 23 thousand

The confirmation of ongoing contacts with Kering gives Moncler stock a boost which also drags Ferragamo - Rome flies (+16,5%) - But Piazza Affari suffers from the weakness of the international stock exchanges and the Ftse Mib index falls below the psychological threshold of 23 thousand basis points

Moncler drags the luxury but the Ftse Mib slips below 23 thousand

Weak closure for European stock markets, which suffered from the nervousness of Wall Street in the afternoon, while the news that Donald Trump will be impeached is bouncing from Washington. This was stated by the speaker of the House, Nancy Pelosi, giving the green light to the drafting of the articles of impeachment.

In Europe Frankfurt loses 0,62%; London -0,71%, despite the jump of Aston Martin (+18,2%) in the wake of the hypothesis that the Formula 1 tycoon Lawrence Stroll wants to take control of it; Madrid -0,29%. Paris wiped out the morning's earnings and stopped flat, on the day of the general strike against the Macron government's pension reform, even if the luxury stocks held the levee. The same happens at Milano, but Piazza Affari, after a positive morning, eventually yielded 0,28%, and fell below 23 points (22.969). At the center of attention and purchases was Moncler, +6,52%, after rumors about a possible interest from the French group Kering (+0,35% on Cac 20). Remo Ruffini, CEO and first shareholder of the queen of duvets, neither confirms nor denies. Moncler, he says, "periodically maintains contacts and talks with investors and other operators in the sector, including the Kering group, on potential strategic opportunities to further promote the development" of the company, "without, at present, there being any concrete hypothesis at the studio". 

Movements in the sector give wings to Ferragamo, +7,38%, who thus finishes in the pink jersey. Shop on Prysmian +1,76% and Leonardo, +1,5%. The latter remains on track, following the announcement of new contracts in recent days and with the opinion of Bank of America analysts. Today the title benefits from the improvement to "positive" of the outlook on the "BB+" rating by S&P.

Banks are opposed: salt Bper +0,52%, forgiveness Bpm bank -1,44% Ubi -1,26% Unicredit -1,34%. Overall, however, they collect Fitch's promotion, after that of Moody's. The rating agency revised the outlook for the Italian sector upwards, bringing it to stable from negative, the level it had been at since 2017.

At the bottom of the list Post -1,81%. Sales on Amplifon -1,44% and Buzzi -1,66%.

fca is negative, -0,85%, but does not collapse after the complaint by the Italian revenue agency, for underestimating Chrysler's American assets by 5,1 billion euros when it bought them in 2014. The debt with taxes would amount to about 1,35 billion euros. The dispute was reported in Lingotto's latest quarterly report. PSA, with which FCA is preparing the merger, is aware of it and, according to sources close to the dossier cited by Bloomberg, does not expect this to damage or delay the operation. 

Out of the main list, the titles of the Roma, +16,48%. Among other things, the press rumors about a final squeeze between the president, James Pallotta, and the US Friedkin group for the closing of the transfer of ownership of the Giallorossi club would have acted as a driving force.

On the secondary it overheats it spread between the ten-year Italian and German, which rises to 166 basis points, with the yield of the BTP jumping to 1,37%. However, Fitch improves its growth forecasts, which remain low +0,2%, but better than nothing as previously estimated. The correction was prompted by the trend in the third quarter, "better than expected". 

THEeuro dollar leans in favor of the single currency, which trades at 1,11. L'gold it moves up 0,3% and is currently worth $1484,65. The Petroleum awaits the OPEC decision with optimism. Brent climbs to 63,45 dollars a barrel (+0,7%) after yesterday's rally, 

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