Brake at the end of the morning Business Square, after a lively start. The Ftse Mib index moves around parity in the middle of the day (+0,09%). Instead, the march continues Frankfurt (+ 1,6%) and Madrid (+1,2%). On positive ground too Paris (+ 0,6%) and London (+ 0,5%).
The weakening of Angela Merkel in Germany, after the regional elections in three German Laender, does not weigh on the stock exchange across the Rhine. The merger negotiations with the London Stock Exchange should close this week.
THEeuro it dropped slightly against the dollar to 1,112, from 1,115 at Friday's close. The yield of Italian decennial drops to 1,30% from 1,33% at the close, and returns to its lowest level since April 2015. The yield differential with the similar expiry of the Bund, it drops to 103 basis points from 106 basis points on Friday evening, the lowest since last January 11th.
Il Petroleum is down, with Brent trading at 39,7 dollars a barrel (-1,7%). Iran will not join any production freeze plan until it reaches an output of 4 million barrels per day. Tehran's oil minister, Bijan Namdar Zanganeh said so yesterday. Eni drops by 0,5%, Tenaris unchanged, Saipem -0,8% Saras + 5,5%
He runs in Piazza Affari Mount Paschi (+7%) after today's rumors from Repubblica, according to which Prime Minister Matteo Renzi is trying to convince CDP and Intesa (-1,1%) to acquire control of the Tuscan bank. A Mediobanca Securities report reads: “We positively judge a market-price integration between the Tuscan bank and a series of partners, provided that there are 5 billion euro of write-downs and full recognition of the residual badwill”. A combination with Intesa is considered more feasible than the one with Ubi: the analysts of Mediobanca on the MPS stock keep the rating neutral and the target price at 1 euro.
In the wake of the rumors about Siena, good too Carige (+5,78%). The Popular front is moving: bpm + 3,8% Pop. Emily + 2,5% Popular Bank + 4 % and Ubi + 2,7%.
Weak Generali (-0,8%) and UnipolSai (+ 0,2%). Enel falls by 0,53%, Telecom Italia +0,3%, Mediaset +1,5%. Well the industrialists: Finmeccanica + 1,4% Fiat Chrysler salt by 2%, Buzzi + 2,2%.
