The prospect of a more rigid embargo against Moscow is receding. On the other hand, the euro slipped below 1,35 against the dollar. The combination of these factors favored the rebound of the Old Continent's price lists, which thus followed the same path as the Asian markets. In Milan the index Ftse Eb it rises by 1,4%, to 20.723. The other squares are on positive ground: Paris + 0,90 %%, Frankfurt + 0,84% Madrid + 1,26% London + 0,84%.
It strengthens the BTP, whose yield falls by two basis points to 2,75%. In Europe, raw materials (Stoxx +1,5%) and oil (Stoxx +1%) companies rose above all.
In the afternoon the bills will arrive Apple : Analysts hope the stock can jump back above $100 for the first time since the split (seven of each old stock).
Meanwhile, the good results of Texas Instruments give the boost to Stmicroelectronics (+1,5%) following the presentation of Texas Instruments results. The American manufacturer of chips for the telephone and automotive industry said it expects a positive trend in revenues for the third quarter: the objectives are higher than analysts' expectations.
It stands out in Milan Saipem (+3,4%), driven by the Kepler report which considers probable the next sale by Eni (+0,8%). Tenaris is also in positive territory (+0,5%). To complete the picture of the sector there is also the +3% of Saras. Also in evidence Trevi, which was awarded new orders in Russia and Azerbaijan.
The utilities are positive: Enel salt of 1,5%, Snam 1,2%, Terna by 1%. Among the industrialists Finmeccanica salt of 1%, Prysmian + 0,8% Pirelli + 0,7% Fiat it is unchanged.
Overdraft accounts weigh on the banks Credit Suisse, down 2% in Zurich due to having communicated a loss for the quarter of 700 million francs, after having negotiated a penalty of 2,6 billion against the American justice system.
Where's Banca is up 0,2%, Banco Popolare of 0,8%, Banca Popolare di Milano + 1,5%. Unicredit 0,2% salt, Monte dei Paschi 0,4%. Intesa Sanpaolo earn 0,9%. Yesterday evening the company announced that the entry into force of the new Hungarian regulation on the banking sector will have a negative impact, in terms of consolidated net profit for the second quarter, equal to approximately 65 million euros.
