AGREEMENT IN USA, SIXTH SESSION IN MILAN
BULL EXPLODES THE RACE FOR MEDIASET, FIAT IN BREAKDOWN
Peace made a Washington, the Bull goes wild.
Le Bags they accelerated after a senior US Senate official announced that negotiators had reached agreement on raising the debt limit. The Senate draft envisages funding for government activities until next January 15th and an increase in the debt ceiling until February 7th. The text also provides that the Treasury will not be prevented from using emergency measures in the future.
A Wall Street the S&P 500 rises 1,2%, the Dow Jones rises 1,29% 0,38%. The Nasdaq (snubbed by Twitter which will be quoted on the Nyse) gains 1,1%.
Business Square closes higher, for the sixth consecutive day. The Ftse Mib index rose by 1,4% to 19248 points, a new high in the last 26 months. The main index of the Italian market has recorded a performance of 18,3% since the beginning of the year.
The other European stock exchanges also restarted after having lengthened their pace after a negative session up to that moment.
London +0,53%, Paris -0,29% (weighs the splash of Lvmh -6%), Frankfurt +0,52%. Madrid +0,7%.
The spread between BTp and Bund drops to 230 basis points, the lowest for over two years. The spread between the 2011-year Italian benchmark and the same German maturity, following the approval of the Stability Law, thus updates the lows reached in mid-August and returns to levels not seen since July 4,24, on the eve of the sovereign debt crisis. The yield on Italian ten-year bonds is XNUMX percent.
They lead the race in Milan i bank stocks.
Between the banks, Intesa rises by 3,34%, ahead of Monte Paschi +2,06% (voices of interest from Arab investors), Unicredit +1,55%, Banca Popolare dell'Emilia Romagna +3,3%.
Mediobanca +0,23%, Keefe Bruyette downgraded his recommendation to market perform from outperform.
The desire for. explodes in the afternoon Mediaset +6,75% at 3,766 euros, the highest since June 2011. The company's management is engaged in meetings with investors today in London, tomorrow in Paris and Milan.
Goldman Sachs added Telecom Italia +3,15% on his "conviction list" and the stock on Piazza Affari has risen to its highest level since February. The rating remains buy and the target price goes from 0,76 to 0,93 euro.
Finmeccanica +3%, Prysmian +1,39%.
It goes deep Fiat -3,99% after the data on car registrations in September: Europe improves, Lingotto, penalized by the negative result in Italy (-11,7%).
Pirelli -1,06%, Natixis downgraded to neutral from buy.
StM -2,69%, Exane confirmed the outperform recommendation with a target price of 10,6 dollars, which is equivalent to a target of 7,84 euros per share.
Weak luxury stocks: Tod's -0,78%, Ferragamo -3,19%, after the disappointing results of Lvmh which fell by 6% on the Paris Stock Exchange.
