The Milan Stock Exchange accelerates in anticipation of the conference by Mario Draghi (14 pm) and the Congressional testimony of William Comey, former FBI chief (16 pm). The index Ftse Eb it picked up speed and is advancing by 1,61%, returning over 21.000 points. Same variation a Madrid, Frankfurt e Paris (+0,4%). Almost flat London (-0,04%) while voting operations are in progress.
The acceleration of Piazza Affari came immediately after the incident in the Chamber which has already blocked the path of the electoral law. In the third plenary vote on the first of the amendments presented, the presumed majority that supports the new law went under. The leader of the Democratic Party, Ettore Rosato, has asked for a suspension of the works for a clarification with the other political forces.
It falls back to 200 basis points lo BTP/Bund spread at the start of today's session, the 2,25-year yield dropped by two basis points to XNUMX%.
Il Petroleum this morning it is trying to recover after yesterday's fall: Brent is trading at 48,6 dollars a barrel, up 0,9%. Eni +0,5%.
banks oppose. The banking index is flat after a positive start and a foray to -0,6% against a slightly positive European sector.
Unicredit + 0,4% Understanding -0,08%: the bank operation with which the Banco Santander it resolved the Banco Popular crisis it increased the pressure on Italy, which has been grappling for over three months with an attempt to stem once and for all the crisis of Veneto Banca and BPVI. Italian banks are starting to explore the feasibility of a pro-rata takeover of the additional capital requested by the European Union from Veneto Banca and Pop Vicenza, equal to approximately 1,2 billion euro. If the attempt to save the institutions through a precautionary recapitalization fails, the resolution would entail a burden on the Deposit Guarantee Fund, and therefore on the entire banking system, of approximately 11 billion.
Where's Banca + 2,1% Azimuth +2%. In managed progresses Anima (+1,8%): Kepler Cheuvreux has added the stock to its “Top picks in Italy” portfolio.
Sale Carige (+2,44%) on the eve of the Board which will have to rule on the motion of no confidence in CEO Guido Bastianini advanced by the first shareholder and vice president of the bank Vittorio Malacalza (with 17%). The temperature is also heating up on Fincantieri (+0,8%). After the meeting with his French colleague Bruno Le Maire, Minister Carlo Calenda said this morning: “The valid agreement is the one reached with the previous government for the birth of a great European champion in shipbuilding. We can discuss which financial institution should take the 6% share which in any case belongs to Italy”.
Paris proposes discarding the CR Trieste foundation, considered a 'front man' of Fincantieri” in favor of MSC and RCCL, the two cruise companies that are clients of Saint-Nazaire.
Among the top titles it is also noted stm (+1%): Ubs raised its target price to 15 euros from 14,8 euros, confirming the Neutral rating. Ferrari +2%: Kepler Cheuvreux raises the target price to 90 dollars (80 euros) from 84,4 dollars. Hold judgment confirmed.
In the Exor stable still down Fiat Chrysler (-1,1%): Morgan Stanley lowered the target price to 13 euros from 14 euros. Overweight judgment confirmed. Cnh Industrial -0,1%: Kepler Cheuvreux raises the target price to 7,2 dollars (6,4 euros) from 5,4 dollars. Confirmed the negative judgment Reduce. The descent continues Juventus (-7%, worst title): the defeat in the Champions League final cost a 20% loss.
Bad too Ferragamo (-2,5%): MainFirst lowers its recommendation to Underperform from Neutral, target price cut to 22 euros from 28,5 euros. Trevi -4% to the lowest since 2005. The Only 24 Hours -4%: entered into a pre-guarantee agreement with Banca Imi in view of the establishment of a guarantee syndicate on any unopted share capital increase (from 50 million) up to a maximum of 20 million, according to published documents last night.
