FIAT THROWS IN FIVETH, THE BANCO POPOLARE FLIES
MILAN RECOVERS THE COUPONS. FACEBOOK COLLAPSES -12%
After a week of heavy declines the European stock exchanges are breathing. Including Business Square -0,28%, Ftse/Mib index at 13.012. Don't deceive the negative sign due to the detachment of dividends: the coupons as a whole (5,5 billion euros in value) weigh on the index by 1,8%. The indices of London and Paris rise by 0,7%, Frankfurt +0,95%. Down only Madrid +0,69%.
The markets thus applauded the G-8 at Camp David from which no practical indications came but it was marked by pressure on the German government. An informal summit will be held in Brussels on Wednesday in which pressure on German Chancellor Angela Merkel will increase.
Meanwhile Mario Draghi, interviewed by CNN, said that Europe cannot reduce the commitments it has asked to grant aid to Greece, but added that eventually a balance "will be found".
The euro is unchanged against the dollar and 1,277.
Slight improvement in the situation government bond market: the yield of the ten-year BTP it's down slightly to 5,74% (from 5,77% on Friday night). Spread at 430, down 5 basis points.
Il dollar is slightly down for the second consecutive day, the dollar index marks a drop of 0,2% after the rally which has seen it as the protagonist since 27 April with a gain of 3,4%.
Slight recovery in oil, the Wti rose by 0,2% to 91,78 dollars a barrel after six consecutive sessions of decline. Brent to 107,97 dollars (+0,8%).
In Europe well the titles of auto sector +1%, followed by tech. Instead, they almost completely cancel the earnings the banks, the sector index now marks an increase of 0,1% after gaining more than 1,2%.
In pole position in the GP of the car is Fiat +7,4% which rises by 8,6% driven by Bernstein's positive recommendation (outperform): the American broker has set a target price of 5 euros.
Among the industrialists, Finmeccanica + 1,13% preceded by Ansaldo subsidiary +2,74% after rumors according to which Finmeccanica could be awarded a maxi order for the modernization of the United States railway system.
On the shields too Impregile it rises by 7,66% on the hypothesis of a maxi-dividend, Cementir +5,5% after the promotion of Mediobanca. On the other hand, Astaldi dropped sharply -3,5%.
They are good at Saipem +3,41% new orders for 1,1 billion, the dividend effect slows down Eni -0,26%.
Great day for the Banco Popolare +18,54%, after the Bank of Italy gave the green light to internal risk calculation models thus allowing the bank to avoid the conversion of the convertible bond. Analysts like the news, this morning a series of brokers (Exane, Bank of America-Merrill Lynch, Soc Gen) have raised their recommendation. It is expected that at any moment the Bank of Italy will give a similar authorization to Ubi: the stock rises by 9,07%. Great effervescence also for Banca Popolare di Milano +8,2%. Good day for the Big Unicredit +2,1% and Intesa +2,66%, breathe MontePaschi + 3,46%.
Finally, great recovery for the managed savings: Azimut +4%, Mediolanum +3,81%, Banca Generali +1,3.
Wall Street rallied after six consecutive bearish sessions: Dow Jones +0,66%, S&P 500 +0,94% and Nasdaq +1,3%. But what matters is the trend of Facebook. After the controversy over the delay in the listing of theHypo on Friday (subject of an investigation by the SEC to identify possible crimes) comes the cold shower of sales: -12% to 33,6 dollars.
