INDESIT, PRYSMIAN AND SAIPEM HEAT UP
THE PRICE LIST AND THE EXCHANGES BET ON THE FALL IN RATES
Stock markets on the rise in the wake of the bet on the next directorate of the ECB.
In Milan the FtseMib index rises by 0,37% to 19.235.
La London Stock Exchange advances 0,45%, Paris + 0,31% Frankfurt + 0,34%. Madrid + 0,1%.
Next Thursday the European central bank could accentuate the expansive stance on rates. Mario Draghi it has new room for maneuver in an expansive direction after the latest data on the cooling of inflation, which passed in October to an annual rate of 0,7% against a target "lower but close to 2%". The research offices Rbs and Ubs are both betting on a rate cut as early as next Thursday.
On the government bond market, the 10-year BTP is traded at a yield of 4,1% with a spread of 241, widening by 3 basis points. The minimum coupon of the new Btp Italia April 2017 will be announced today, which will go on offer from tomorrow to next Friday (with the possibility for the Treasury to close the placement early as early as 14pm on Wednesday).
The Director General of the Ministry of Economy, Maria Cannata, revealed that in 2013 the interest expense on public debt will cost Italy about 84 billion.
Il dollar it dropped slightly against the euro to 1,350, from 1,348 on Friday night.
The leap by Indesit is significant in Piazza Affari, suspended due to excessive increases with the stock indicated at 8,42 euros (+13%) following the advances on a possible merger with another household appliance manufacturer. On the day of the board meeting, Poltrona Frau also rose sharply +3,5%.
Meanwhile, the rally continues Saipem +2,86%. And accelerate Prysmian + 2,93%.
Société Générale it raised the target prices of the banks, as a consequence of the benefits deriving to Italian institutions from the drop in rates and from the revaluation of government bonds held in the portfolio. However, the sector reacts in no particular order: Unicredit +0,72% with the target price raised to 6,2 euros. Agreement unchanged, MontePaschi +0,96%.
Instead they go down Banco Popolare -0,42%. Bringing up the rear is Pop. Milan -2,42%.
Among the insurance Generali + 0,5% Fondiaria-Sai + 1,06%.
Timid recovery attempt by Fiat +0,72% after the drastic fall in the last two sessions. Cnh Industrial +0,78%, Finmeccanica -0,37%, StM +1,68%.
Pirelli -1,16% distributed the updated consent. For this year, sales are expected to rise by +2% to €6,21 billion, EBIT by +1% to €791 million, lower than the €810 million guidance, while net profit should fall by 7% to 366 million The new business plan (November 6) should forecast 2017 revenues of 7,7 billion and an EBIT of 1,2 billion (+50% compared to 2013).
Eni -0,05%, held back by the downgrade of Morgan Stanley which lowered the recommendation to "equal weight" from "overweight".
Recordati climbs 0,7% after Jefferies raised the target price to 9 euros from 8 euros, confirming the "hold" judgment.
