BUSINESS PLACE FLIES, ON BANKS AND FIAT INDUSTRIAL
IBM AND GENERAL ELECTRIC FALL IN WALL STREET
Great week ending in business square, while the streaming images show the parade of electors for the choice of the President of the Republic.
La Milan Stock Exchange the session closed with a rise of 1,81%, the Ftse/Mib index at 15760, the best European Stock Exchange, with the FtseMib index gaining 1,6%. The movement is mainly driven by the banks, but the gains are spread across the entire list.
Of the others European stock exchanges, London rises by 0,69%, Paris +1,46%. Frankfurt slightly down -0,18%.
On the government bond market ten-year BTP it is advancing with the yield falling to 4,21% and the spread with the Bund contracting to 296 (-6 basis points).
THEeuro it is trading at 1,309 against the dollar, from 1,305 at the previous close.
THEgold recovers for the third consecutive day after the collapse of the first two days of the week. The metal is trading at 1.402, up 0,8%.
La American stock exchange is strongly contrasted: on the one hand, the S&P index rises by 0,4% and the Nasdaq increases by 0,8%. On the other hand, the Dow Jones fell by 0,2%, weighed down by the fall, after the quarterly accounts, of IBM -6,7%, General Electric -4% and Hewlett&Packard -3%.
Fiat goes up by 1,65%, Pirelli +1,38%. Strong rise by Finmeccanica +2,17%, StM closes at +0,36%.
It highlights Fiat Industrial which rises by 4,01% thanks to the promotion of Morgan Stanley which raised the rating to "overweight" from "equal weight". The target price was raised to 10,5 euros from 8,5 euros.
Sharp rise in banks, thanks to the decrease in the spread: Unicredit +3,6%, Intesa +2,86%, Mediobanca +5,14%, MontePaschi +1,38%, BancoPopolare +7,01%. Banca Pop. Milan +4,7%.
They go up insurance: Generals +3,05%, Fondiaria-Sai +2,86%.
Strong increase in Mediolanum +5,19%.
Eni salt of 0,23%. Among the oil companies, Saipem +1,57% and Tenaris +0,78% recovered.
Enel gains 0,76%, Enel Green Power +1,99%.
Among the few stocks down, Telecom Italia -0,17%%.
