BAGS DO NOT SUCCEED TO FEAR. DOWN ONLY THE LUXURY. NEW MANEUVERS ON TELECOM ITALIA, RCS IS ON THE ROPES
The stock exchanges reacted with great poise to the shock of the Paris attacks. The French price list, when it reopened after Friday's massacre, closed slightly higher. Frankfurt drops by 0,17%, London +0,32%, Paris -0,2%. In Milan, the FtseMib index marks a drop of 0,14%.
As far as bonds are concerned, there have been no significant fluctuations. The Btp/Bund spread is little moved at 104 basis points, yield 1,6%. Wall Street fluctuates on parity with the S&P500 rising by 0,1% while the NASDAQ and the Dow Jones retreat by 0,1%.
Billionaire night in hotels. Starwood Hotels -6,7% will be acquired by Marriott International -2,3% giving life to the first hotel group in the world, with 5.500 hotels and 1,1 million rooms. A 12,2 billion dollar deal, almost entirely card for card. The euro weakened again against the dollar falling to 1,07, from 1,077 on Friday night.
Oil reacted on the upside first with Brent rising above $45 and then falling back to $43,82 a barrel. The WTI changed hands at $40,46. Oil's rebound after the terrorist attacks buoyed oil companies in the session, then fell in the final: Eni -0,07% Tenaris +0,87% and Saipem + 0,38%. Enel marks an increase of 0,83%, Enel Green Power + 1,4%.
The risk of war has been felt on stocks linked to the movement of people, such as Rest -2,2% . The luxury stocks are bad: Ferragamo -4,28%, on lows since January, Moncler -1,39% Tod’s -1,9% Yoox -1,99%. Little move Telecom Italy -0,43%, once again at the center of major manoeuvres.
Today the Consob hearing of the CEO of Vivendi Aranud Roy de PuyFontaine was held. Yesterday evening the French group, a large shareholder of the TLC company, notified the request to expand the TI board from 13 to 17 members. Meanwhile, the shareholder map still needs to be updated: last November 6, following the announcement that the savings shares would be converted into ordinary shares, JP Morgan rose to 5,133% becoming the second significant shareholder (waiting for Xavier Niel exercise the rights to its options). Mediaset -1,7%.
Fight the banks. unicredit drops by 0,9%, Ubi -0,63%: Citigroup cut the recommendation to Neutral from Buy on both institutions. Understanding earn 0,19%, Mount Paschi -1,14% Pop. Emily -1%. Insurance is down: Generali -0,41% UnipolSai -0,43%. It highlights: Anima + 2,4%.
Fiat Chrysler -1,97%: Moody's has raised its outlook to positive. Cnh Industrial loses 5% after JP Morgan downgrade. Among the industrialists it shines Prysmian +1,7%. It falls Rcs -9% on new all-time lows: Mediobanca cut its rating to Neutral from Outperform. The stock closed last week down nearly 20%.
