Interlocutory day, so far, on the Italian price list. After four consecutive sessions of decline, during which Business Square lost more than 4%, Milan is traveling around parity, +0,07%. The effect of the first round of the administrative elections, and above all of the Roman result he sees Virginia Rages of the M5S big favorite in the second round, on the Italian market it is therefore rather limited at the moment.
The attention of the Italian list, as well as that of the European lists, is concentrated above all on the intervention of the president of the Federal Reserve Janet Yellen at the World Affairs Council in Philadelphia, from which operators expect a reading on the US employment data, as well as an overview of the economy, with the possible rise in interest rates, and on risk Brexit. The others too European lists travel around parity: Paris +0,10%, Frankfurt +0,31%, London +0,16%.
The outcome of the first round of the administrations, however, puts them under observation municipal companies, in particular for the renewals of the city councils in Rome and Milan which will go to the ballot in two weeks. Above all in Rome, what shakes the waters is the clear advantage with which the grillina Virginia Raggi will present herself in the second round.
The most delicate situation, according to analysts, would be precisely that of That, which drops 2,55%, with volumes well below the average. To frighten the markets the possibility that Raggi will change the top management of the company, including the CEO Albert Irace and imposes a change of direction on the business plan outlined so far by management.
Also keep an eye on the situation A2A, waiting to understand who between Giuseppe Sala and Stefano Parisi will be the new mayor of Milan. According to both, the 25% stake plus 1 share of the company would be transferable: at the moment A2A earns 0,72%. On the other hand, uncertainty penalizes the municipal companies of Bologna and Turin: Ivy -0,15% Iren -0,73%
Spotlights focused, then, on the title Banco Popolare who, on the first day of the capital increase, traveled on a swing. After an opening of -2%, the institution's stock gained ground up to +5%, settling on a rise of around +1,85%. Well too bpm, pending the merger with Banco Popolare, +2,03%.
Among the bankers, bad Ubi -2,26% and Intesa Sanpaolo -1,18%. Also declining Yoox -1,65% Salvatore Ferragamo -1,30% and Leonardo-Finmeccanica -1,38%.
Among the rising stocks, it stands out Cnh Industrial +3,69% after the promotion by Goldman Sachs, which raised the rating to "Buy", from "Neutral", setting the target price at 8,3 euros. Well also some oil, with the price of barrel that goes back towards 50 dollars: Eni +0,7%, Tenaris +2,77%. Buzzi Unicem also rose, +1,19%.
