Share

Monte dei Paschi and Generali lead the stock market rebound (+0,96%) in the final

Financial markets uncertain after Bernanke's words but, except for London, all of Europe bounces back – Generali flies to Piazza Affari after the Foundation's openings to merger with a foreign bank – Generali, Pirelli, Enel GP and Unicredit also do well – Down Cnh after the accounts – Bad Finmeccanica – The dollar recovering against the euro

Monte dei Paschi and Generali lead the stock market rebound (+0,96%) in the final

VOLA MPS + 6,6%: THE FOUNDATION OPENS ABROAD
THE DOLLAR FALLS, THE EUROPEAN STOCK MARKS RISE

goes out to Milano +0,96% the FtseMib index rises by 0,6% to 19351 with widespread gains in all sectors, especially the banking sector.

Vola Monte Paschi Bank +6,64%. Reuters reports the contents of the multi-year strategic planning document 2013-2017 of the Mps Foundation, dated 15 October 2013 and approved by the General Deputation, which shows that the Mps Foundation, which owns 33,5% of the Sienese bank, in order to among the possible options to repay the 350 million euro debt, he also considers a merger of the bank with a preferably international group.

Unicredit increases by 1,84%, Intesa +1,31%, Banco Popolare +0,41%.

Sul government bond market, the 10-year BTP it is trading at a yield of 4,13% with a spread of 247 (-2 basis points).

They go up the other European Stock Exchanges: Paris +0,6, Frankfurt down +0,26%. Madrid +1,16%.

The exception is London Stock Exchange which loses 0,68%, weighted down by the descent of Royal Dutch Shell: the leading European oil group loses 4,8% after announcing results lower than expected today.

Eni advances by 1,63%, after the results were released yesterday, Natixis raised the recommendation to "buy" from "neutral", while Macquarie lowered it to "neutral" from "buy", cutting the target price to 20 euros from 21 euros.

It strengthens the dollar against the euro to 1,360 from 1,373 yesterday evening and from 1,382 at the beginning of the week. It is the effect of the tones of Ben Bernanke who, in the press conference after the meeting of the FOMC, adopted a more energetic tone than expected.

The day after the meeting of the Federal ReserveWall Street opened lower in the last session of the month after jobless claims fell, but not enough to meet analysts' expectations.

After the first few minutes of trading, the S&P 500 drops by 1 point, 0,07%, to 1.762, the Nasdaq loses 7 points, 0,17%, to 3.924, the Dow is down 18 points, 0,11%, to 15.600 .

Visa -4% after announcing lower-than-expected revenue growth, which raised alarm, because Visa is a thermometer of consumption trends in America.

Recover Fiat +1,54% after the descent on the eve: Veba, according to the New York Times , could be forced to reduce its request to sell its share in Chrysler to Fiat.

Crossbody strap CNH -3,28% Net profit fell in the third quarter to 248 million euros. Revenues also fell to 6,2 billion euros (-1,5%). Debt increases more than expected to 2,5 billion. Analysts were disappointed above all by trading profit (508 million), whose margin at the end of the year is expected to be between 7,5% and 8,3%.

Generali is up 1,65% after JP Morgan raised the target price to 20 euro from 18,3 euro, confirmed the Fondiaria Sai "outperform" opinion +1,12%.

Among the notable mid-cap stocks.

Impregilo +5% after Kepler Cheuvreux raised the target price to 5 euros from 4 euros, the "buy" judgment was confirmed.

Salt too Registered + 1,9% driven by the Mediobanca vote which raised the target price to 10,75 euros from 10 euros, confirming the "outpeform" opinion.

Yoox +3,6%, pushed by Citigroup.

Finally Tiscali +3,7% removed from Equita's list of securities to be sold.

comments