BUSINESS PLACE BACK IN THE VIEWFINDER: ENEL -3,8%
RAIN OF BOOKINGS ON THE MONCLER IPO
Red day for all Bags.
London falls by 0,8%, Frankfurt it is flat, Paris loses 0,2%. Madrid - 0,91%.
But the worst is Milan. The Ftse Mib index is back below 19.000 points today losing 1,52% to 18.732 points, on the heels of some strong sales orders from abroad.
Seat with little movement for the US Stock Exchange which is taking a break after eight consecutive weeks of increases, despite the emergence from the macro data of a strengthening of growth in manufacturing activity and an increase in construction spending.
Il Dow Jones ved up 0,16%, the S&P 500 unchanged, the Nasdaq -0,16%.
The spread closes at 232 basis points.
Lightning coming from Madrid it struck Enel down by 3,76%, after the news that the Spanish government presented an amendment that jeopardizes reimbursement for the failure to increase tariffs (tariff deficit). Endesa, Spain's leading electricity producer, controlled by Enel, boasts a credit of 2,2 billion from the Madrid government.
Enel Green Power also suffers -3,2% despite the disbursement of a 200 million euro loan by the EIB to partially cover the investments for some wind farms in Romania.
The other utilities were also weak: Snam -0,9%, Terna -1,8%, A2A -2,02%.
Eni marks a decline of 0,9%, Saipem -2,9%.
Telecom Italy loses 2,5%, the company has denied the existence of ongoing negotiations for the sale of the Brazilian assets.
The positive note comes from the world of luxury.
Salvatore Ferragamo it hit a new all-time high at €29,85 and closed trading at €29,54, up 0,99%.
Tod’s closes at +0,08%, Cucinelli +2%.
Moncler's IPO helped ignite attention for the sector which recorded record bookings, 12 times the offer. The freshman will debut in Piazza Affari on December 16 and could do so by positioning himself in the upper part of the price range between 8,75 and 10,20 euros for a group valuation of up to 2,55 billion. The management promises future shareholders a payout in line with the sector and the opening of 20 stores a year. President Ruffini will not sell shares, not even after the lock-up has expired.
Banks are down: Unicredit -1,03%, Intesa -0,79%, MontePaschi -1,07%, despite the sale of a 59,3% stake in Sia to Fondo Strategico Italiano, F2i Sgr and Orizzonte Sgr on the basis of a valuation of 100% of Sia's capital equal to 765 million.
Mediobanca -1,1%. Ubi Banca -1,32%, Banco Popolare -1,8%.
Weak too insurance: Generali -0,8%, Fondiaria-Sai-0,4%.
Among the industrial stocks Fiat-2,31%, StM +0,09%, Finmeccanica-2,61%.
