After the shock of the attacks in Paris, the European stock exchanges avoid a nervous breakdown. It is luxury that suffers. The morning was affected by a certain volatility with a loss-making start and an upward recovery before retreating again at 12,30. Paris, in mourning, fluctuates around parity, Frankfurt gains +0,4% as well as London +0,4%
In Milan, the FtseMib index rose by 0,3% to 21.906 points: at the start it scored a low at 21.572 points, then dropped to 21.780.
Even for bonds, there are no significant fluctuations. The Btp/Bund spread is little moved at 101 basis points, yield 1,56%.
There are no signs of a trend reversal on the currency and commodity markets.
The euro weakened again against the dollar falling to 1,0716, from 1,077 on Friday night.
Oil reacts with a 2,8% rise in Brent to 44,90 dollars a barrel.
Oil rebound after terror attacks argues Eni + 1,1%Tenaris +1% and Saipem + 1,3%.
In any case, the sharp increase in geopolitical tension after the ISIS attacks in Paris will have repercussions on the economy in terms of curbing international trade and greater uncertainty. It falls Rest -3,5%, due to fears of a slowdown in the tourist flow.
Suffers luxury from Ferragamo -3,7%. mid-January levels. From the all-time high in March at 32,55 euros, it has left over a third of its value on the ground. Today, out of 23 analysts surveyed by Bloomberg, only 4 recommend the purchase. Average target €26,80.
Moncler-1% Tod’s -1,2%. Weak banks: Unicredit -0,5%. Citigroup analysts downgraded the stock to Neutral from Buy this morning. Same judgment for Ubi -1,2%.
Mount Paschi -0,7% Pop. Emily -1,2%, Turn up Understanding + 0,5%.
Managed savings highlights: Anima +3,6%, is the best blue chip.
Bene UnipolSai +0,6% pending the reorganization of the group's chain of control. Generali -0,1%.
Telecom Italy +0,4%: Vivendi will present a list of 4 new directors.
Still weak Mediaset -0,9%. Enel turns up 0,9%, Enel Green Power + 0,5%.
In the Agnelli team he sets the pace Fiat Chrysler -0,4% despite Moody's having raised the outlook to positive.
First judgments of the investment banks on Ferrari: Ubs recommends Buy with a target price of 60 dollars, JP Morgan recommends Neutral and the French Exane recommends Underperform with a target price of 46 dollars.
Cnh Industrial loses 3,2%, after the cut of JP Morgan.
Turn up Finmeccanica +0,9%. It shines Prysmian + 1,7%.
Astaldi reacts +4,3%: last week it lost 34%.
Some medium caps already in the sights in past sessions are in free fall:
Rcs -3,7%, on new all-time lows: Mediobanca cut its rating to Neutral from Outperform. It closed last week nearly 20% down.
Fincantieri -3,5%.
Also in heavy decline Trevi-3,4% and Ima -5,5%. Down too Geox-3,3%.
