Positive weekly budget, with a waning finish for European lists, also dragged along by Wall Street. The uncertainty on the markets is given by the uncertainties that weigh on the future: from the US elections, to the forthcoming decisions of the Federal Reserve, to the evaluations of the ECB, postponed to December.
The main squares of the old continent today they all float around parity, while Wall Street opens weakly and after the first trades the Dow Jones loses 0,46%, the Nasdaq 0,04%, the S&P 500 0,33%. The euro is still losing ground against the dollar (-0,51%) and is traded at 1,086. Milan closed at +0,15%, Frankfurt +0,09%, London -0,09%, Paris -0,09%.
Monte dei Paschi di Siena Bank confirms itself as the queen of Piazza Affari: +13,32%, with a value per share of more than 27 cents and is experiencing a redemption phase which leads the stock to recover more than 50% in just one week. Amidst hectic trades, more than 12% of the share capital changed hands in today's session alone. There is great expectation for the new industrial plan that CEO Marco Morelli will present to the board on Monday, for the alternatives in the field for securing the historic Sienese institute (the Mediobanca and JP Morgan plan and that of Corrado Passera), for the rumors about the interest shown by some foreign investors. Today even the prime minister Matteo Renzi contributes to the climate of optimism and says he is convinced that the bank will have "an extraordinary future".
On a sluggish day above parity Saipem (+0,23%), which came to gain almost 2% after the assessment of UBS analysts who place it among the few opportunities in the oil & gas services sector in the light of the sector's recent recovery. Among the best stocks, Ubi Banca, Telecom Italia, Moncler and Unicredit stand out.
He suffers Luxottica (-2,24%), worst stock of the Ftse Mib also as a consequence of the decline of Essilor on the Paris Stock Exchange, after the announcement of quarterly results below expectations which make it more difficult to achieve the annual objectives.
Banco Popolare (-1,06%) and Popolare di Milano (-1,55%) lost ground, despite the wedding was also blessed by Moody's: the long-term rating on deposits of the two banks, already aligned by the rating agency, rose to Ba1 from Ba2, with a stable outlook, and that on long-term debt to Ba2 from Ba3.
One stands out in the European panorama news on the square of London: British American Tobacco has announced its intention to buy the stake it does not yet own in Reynolds American for the stellar figure of 47 billion dollars. The proposal is in cash and securities and the goal is to create the largest listed cigarette manufacturer in the world by merging the legendary Lucky Strike and Camel brands. The British company would come to hold 100% of Reynolds, of which it already has 42,2%. The Americans, for now, view the offer with British phlegm: "the board of directors, in line with its fiduciary duties, will evaluate and respond accordingly".
State stocks are weak in their morning after that General Electric (-2,22%) shows disappointing forecasts on revenues and increases the share buyback program by 4 billion dollars. Some blue chips, however, take flight: the Microsoft share reaches an all-time high at $60,45 following yesterday's better-than-expected quarterly report and McDonald's gains 2,59% thanks to a good quarterly performance and an acceleration of the recovery business. Separate discussion for Reynolds American which takes off like a rocket and reaches +16%, after the offer of British American Tobacco at 56,5 dollars per share.
