Business Square does not slow down the pace. Once again this morning the Milan Stock Exchange is the best in Europe, after having exceeded 19 by leaps and bounds. The Ftse Mib index rose by 0,39%, to 19.073 points, a level it hadn't seen since July 2011.
Opposite scenario in the rest of Europe. Paris loses 0,78%, weighted by the -6% of Lvmh, Frankfurt loses 0,17% after yesterday's historical record. Madrid loses 0,41%. London – 0,56 and Zurich 0,8%.
On the thirteenth day of the "shutdown" and on the eve of deadline for an agreement to raise the US debt ceiling still can't see a clearing.
Lo spread between 235-year BTPs and their German counterparts, it is stable at 236 points, after closing at 4,26, for a rate of 241%. The gap from the Bonos/Bund differential decreases somewhat, which is 4,32 points for a yield of XNUMX%.
And 'the Germany today at the forefront of the primary market with the offer of 5 billion of its two-year benchmark security, Shatz 11 September 2015. This security was quoted yesterday at a yield of 0,205%, while at the previous auction, last 28 September, it was was placed at a yield of 0,22%.
From the banks, Intesa rises by 1,5%, Monte Paschi shines +2,65%. Intesa goes up +1,76%, Unicredit stable +0,09%. Among the popular ones, Bper shines +2,37%. Mediobanca -0,47%, Keefe Bruyette lowered his recommendation to market perform from outperform.
Generali + 1,2% Fondiaria -0,31%.
The retreat continues luxury, after the disappointing results of Lvmh which fell by 6% on the Paris Stock Exchange: Luxottica -1,62%, Tod's -1,32%, Ferragamo -3,03%. The exceptions are Poltrona Frau (+3,5%) and Yoox (+3%).
It also goes down Fiat (-2,9% to 6,31 euros) after that, against car registrations in Europe up 5,5% in September to 1,194 million vehicles, the Turin-based group saw a drop of 3,4% to 64.806 vehicles, with its market share still rising to 5,4% from 5,2% in August , bringing the first nine months of the year to 6,1%.
Furthermore, today Nomura began hedging the stock with a reduced rating and a target price of 4 euros.
STM -2,47%, following the disappointing results of the Dutch Asml. It does not benefit from the positive opinion confirmed today by Exane Bnp Paribas, which in any case lowers the target price to 10,6 dollars following a cut in EPS estimates due to new hires on the euro/dollar exchange rate.
Finmeccanica + 1,82% Enel + 0,56% Eni + 0,8% Prysmian + 0,39%. Pirelli -1,74%, Natixis downgraded to neutral from buy. Piaggio it fell by 1,8% to 2,10 euro after the news that Immsi sold 19 million Piaggio shares between 4 September and 11,5 October, equal to 3% of the capital. The stake of the controlling shareholder led by Roberto Collaninno therefore drops to 51,5%.
