MONTI SEES THE END OF THE TUNNEL. STOCK EXCHANGE +0,6%
NERVOUS FIAT AND MEDIASET WAITING FOR THE BOD
“We and the rest of Europe are approaching the end of the tunnel” of the crisis. She said it iThe Prime Minister, Mario Monti, speaking on Radio Anch'io, on Radiorai, before leaving for the European tour, first stop in Paris.
weak games, European stock exchanges are recovering by mid-morning. Piazza Affari moved into positive territory with the FtseMib index up 0,67% to 14,073. Paris +0,25%, Frankfurt +0,5%. Only London -0,18% is at a loss. The euro is up slightly against the dollar at 1,225.
Flat calm on government bonds, with the ten-year BTP yielding 5,97% (stable) and the spread unchanged at 462. The two-year rate was also unchanged at 382 basis points. According to the flash estimate released this morning by Eurostat, inflation in the Eurozone was confirmed at 2,4% yoy in July. The official figure will be announced on August 16th.
Swiss bank UBS closed the second quarter of 2012 with profits down by 58% due to losses related to the launch of Facebook estimated at 349 million francs (about 290 million euros) . The bank has announced a lawsuit against the Nasdaq.
At Piazza Affari the banks canceled their losses and they are up: Intesa +0,2%, Unicredit +1,6%, MontePaschi +2%, Ubi +2,73%, Banca Popolare di Milano +2%.
Avanza Finmeccanica +0,9% awaiting the second quarter results which will be released this evening after the close of the Stock Exchange.
Positive oil stocks: Eni up 0,7%, Saipem +1,7%, Tenaris +1,3%.
Diasorin +2,18% after announcing a joint venture in Libya.
Parmalat + 1,3%.
Bucking Mediaset, down by 2,7% just a few hours after the Alfa Romeo board of directors.
They go down auto sector stocks: Fiat -1,48%, board of directors in progress, and Pirelli -0,8%.
Among the mid caps, Maire Tecnimont +3%, and Ternienergia +3% are still on the rise. Snam ended the second quarter with a net profit of 234 million euro, down 13,7% compared to the same period of the previous year. The company has decided on an interim dividend of 0,10 euro per share, a permitted decision, explained the CEO. Carlo Malacarne, from the “results achieved” and from “our expectations of future growth and profitability”.
Il Manchester United by Wayne Rooney announced the goal of raising approximately $300 million from the plan to land on the New York Stock Exchange. The English club will list 16,7 million shares on Wall Street, of which 8,3 million new shares and 8,3 million shares belonging to the owner of the club, the American businessman Malcom Glazer. The introductory price of Manchester United shares will be set between 16 and 20 dollars.
