PIAZZA AFFARI RISES WITH ENI AND BANKS. DESPITE FIAT
BP AND UBS PUSH WALL STREET ORPHAN EUROPE
Business Square +1,12% rises to 15.496, despite the collapse of Fiat - 4,66%. The European lists as well, thanks to the positive quarterly results and despite the closure of Wall Street: London +0,95%, Frankfurt +1,13%, Paris +1,48%.
Yesterday, in fact, it was possible to faithfully measure the incidence of orders arriving from New York on the markets of the Old Continent. Activity on the Eurostoxx 600, which attracts more than 90% of trades, fell 40% coinciding with the Manhattan exchange close.
In terms of government bonds, after hurricane Berlusconi, the situation returned to normal. The BTP is back below the psychological level of 5%, the spread with the Bund narrows to 349 (-4 basis points). This morning the Treasury placed 3 billion euro of 10-year BTPs and 4 billion 3-year BTPs with declining yields, to the lowest since May 2011.
Good news also on the EU front. This afternoon, the Greek premier Antonis Samaras announced that he had successfully concluded the talks with the Troika: Samaras thus asked Parliament to give the go-ahead to the agreement which will allow for the arrival of the 13,5 billion euros envisaged in the plan. But the Democratic Left, one of the formations of the government majority, has said it will vote against the labor law reform program imposed by the troika.
On the quarterly front, the oil companies are in evidence, driven by Bp+ 4,5% thanks to the boost of downstream growth. salt Eni +2,08% followed by Saipem +0,97% and Tenaris + 1,97%. Saras earns 5,23%.
Another sector in evidence is credit: it is the one who leaves its mark on the session in this case ubs +5,3% in Zurich after the announcement of the restructuring and workforce reduction plan. Deutsche Bank is up 4%. The bank closed the third quarter with a profit increase of 3% yoy, a result better than expectations made possible by the good performance of trading activities.
On the contrary, it is worth noting the fall of the Danish Danske Bank -7% after the announcement of a capital increase.
In Milan Unicredit salt of 1,53%, Understanding + 0,97% Ubi + 0,93%.
It bounces Mediobanca +2,35%, after Alberto Nagel specified that a possible increase Generali +1,47% will not be preceded by a similar operation in Piazzetta Cuccia.
Fiat it lost 4,66% on the day of the presentation of the data for the quarter and above all of the forecasts for 2012 and 2013. The stock was also suspended due to excessive downtrend.
The EuroStoxx index of car manufacturers instead rose by 1,7%. Volkswagen+3% on the day of presentation of the data for the quarter of the heavy vehicle subsidiary Male + 3%. In Milan Fiat Industrial earn 1,95%.
Mediaset +3,74% rebounds after 9 consecutive bearish sessions. Perhaps he moves out of sympathy Mondadori + 4,5%.
Pirelli +3,94% moves in harmony with the competitor Nokian, shares in the Finnish snow tire specialist climb 7%.
