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Oil and industry bring gifts to Milan

In the last session before Christmas, Frankfurt and London are flying, Madrid shines and Milan is preparing to close with a moderate rise – Eni, FCA and utilities lead the rebound – More contained increases for the banks – Prima Vera makes its debut

Oil and industry bring gifts to Milan

Piazza Affari is approaching Christmas with a moderate increase. The Ftse Mib index scores an increase of one percentage point in line with Paris, London and Frankfurt which mark gains of 1,2%. Madrid climbs 1,8%

The dollar is up slightly against the euro to 1,092, from 1,095 at yesterday's close. 

Oil also rose with Brent and WTI traded at the same price of 36,4 dollars a barrel (+0,8%). 

Strong cyclical leap in October for industrial turnover and orders. According to Istat, for the former there was an increase of 2% compared to September with positive changes both on the domestic market (+1,4%) and on the foreign market (+3,1%). On the other hand, for orders the increase was 4,6% with increases of 3,6% for internal orders and 6% for foreign orders.

Oil stocks continue to advance: Eni +1,6%. the managing director Claudio Descalzi discussed with the president of the Libyan state oil company, National Oil Corporation (NOC), Mustafa Sanalla, the prospects for the development of the oil sector in Libya. Tenaris + 3,1% Saipem + 2,8%.

Among the utilities they advance Enel +1,7% ed Enel Green Power +2% which has started the construction of the wind plant with 112 MW of installed capacity and for an investment of 215 million dollars by Sierra Gorda in Chile. 

A2A +0,3%, it strengthened in Acsm-Agam bringing the stake to about 24% after being awarded the 2% put up for sale by the municipality of Monza. 

 Smaller hikes for banks: Understanding + 0,1% MontePaschi+ 1% Unicredit  + 0,9%. 

Among the industrialists Fiat Chrysler advances by 1,6%. The separation between FCA and Ferrari will take effect on the stock exchange on 4 January 2016, the day scheduled for the debut of the Ferrari on Piazza Affari, in conjunction with the distribution of the 80% of Ferrari still in the hands of Fiat Chrysler to the holders of shares and bonds mandatory conversion. 

Bene Cnh  Industrial+ 1,1%. Finmeccanica 0,8% salt, StM + 0,8%.

On positive ground Telecom Italy +1%. It bounces Rcs +3,5% the president Maurizio Costa and the CEO Laura Cioli bought 400 shares each.

Good debut on Aim Italia  Spring, a reference operator in the energy efficiency sector. The stock, which marks an increase of 3,68% to 9,85, could pass on the main market as early as April. 

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