Piazza Affari rebounds, together with the other European stock exchanges, thanks to the boost from energy stocks and TLCs. The exploit of Monte Paschi contributes to the relaunch +5,18% to 0,64 euro a few hours from the board of directors dedicated to the accounts for the quarter and the non-performing dossier (24 billion, equal to a third of loans): the use of a specific platform in collaboration with Mediobanca.
At 12, the Ftse Mib index rose by 0,88% to 18.096 points behind Madrid +1,04%. The other European lists are weaker: Frankfurt +0,27%, slightly above parity Paris +0,01% and London +0,04%. The dollar strengthens against the euro which drops to 1,144 from 1,148 at yesterday's close.
Recover the Turkish lira at 3,34 against the euro (+1,7%), after yesterday's plunge of 3,9%, following the news that Prime Minister Ahmet Davutoglu will resign within this month due to disagreements with President Erdogan. The yield on the 10-year BTP rose to 1,51%, the spread with the Bund at 130 basis points.
Il Petroleum Brent Brent gained 2,5% to $45,8 a barrel, it accelerated after the release of data showing a sharp drop in US crude production. On the market shines the star of Eni +2,2%, which replaced Total +0,7% in the European Focus List. Meanwhile, the Spanish Repsol advances by 5% after better than expected results. Tenaris +1,7% and Saipem +1,6% also performed well.
It also advances Telecom Italy +2,7 to 0,8685 euro on the back of the good results of British Telecom, up 2,6%. The British operator (+6% profits and revenues on the balance sheet ended 31 March), has announced that it will invest 6 billion pounds over the next three years to build the super-fast fiber network and extend the 4G mobile service. Since the beginning, British Telecom has recorded a 4% drop on the Stock Exchange, the Italian company 26%. Mediaset shines +2% after the better than expected results of the subsidiary Mediaset Espana.
The focus on the banking front is on theassembly di Veneto Bank. The ad Carrus: we go to the stock market because we are seriously ill. Other letters from Consob are awaited, which has requested the convening of the board of directors within a week. Intesa was affected -0,3%, guarantor of the capital increase operation. Ubi -0,5%. Instead, it resolved Unicredit up 1%. Next Tuesday the board will examine the results for the first quarter of 2016: the consensus of analysts indicates a net profit of 379 million euros.
On the day when the group gavio the conquest of the South American Ecorodovias motorway was made official, catapulting the Piedmontese company into fourth place in the world among operators of toll routes, Atlantia rose by 1%. This morning Banca Imi strengthened the positive recommendation by bringing the judgment to Buy from Add (accumulate). The target price goes to 29,20 euros from 28 euros.
Positive day also for utilities, Enel +1,5%, Terna +1,2%, A2a +1%. Finmeccanica it accelerates up by 2% a few hours from the quarterly to 11,25 euros. The brokers' eyes will be focused more on the turnover forecasts for the whole of 2016 which will include the effects of the 8 billion euro order with Kuwait for the sale of 28 Eurofighters.
Stm +1% and Prysmian +1,5% also grew. Weak Fiat Chrysler -0,2%, in line with the performance of the Stoxx automotive index. Finally, Yoox rebounds +2,3% after the declines of recent days. Tod's +1,4%.
