Profit-taking on European markets ahead of the end of a turbulent week. Business Square falls by 0,9%. In Europe, Paris marks a decline of 0,6%, Frankfurt by 0,8% and Madrid 0,2%.
The Stock Exchange does not react to the successful outcome of theBTP auction long-term, which ended with the issue of 7,5 billion euro of government bonds, in the upper part of the target of the operation. The Treasury placed 4 billion euro of BTPs maturing on 2025 December 1,95 at a yield of 1,83%, the highest since June, down slightly from 2% at the end of July. Also assigned were 5 billion euro of 0,84-year BTPs at 7%, XNUMX basis points more than the previous issue.
Il Petroleum like WTI erased this morning's gains, trading at $42,2, down 0,6%. Yesterday the future recorded the largest daily rise in the last 6 years (+10%).
Sharp slip of Ferragamo, suspended due to excessive reduction. The company communicated last night data for the semester. Revenues in Asia were up 7% yoy, but excluding the currency effect, they were down 4% yoy. The financial director Ernesto Greco confirmed the achievement of the targets for the year, but he was, compared to the past, less optimistic about the results expected by the consensus. Equita Sim has revised its targets downwards from 31 to 29 euros due to the new market scenario. This morning Société Générale confirmed the Sell judgment.
Yoox loses 2%, Moncler 2,5%, Tod’s 1,5%.
Oil slows down after yesterday's rally: Eni canceled out initial gains altogether, the stock is unchanged. Saipem on the contrary, it has accelerated and rises by 2%. Tenaris +0,2%. The world leader in pipes for the oil industry cashed in on the Credit Suisse promotion this morning. The recommendation rises to Neutral from Underperform.
Among the utilities, Enel -0,5% Snam -0,4% A2A -1,6%. Cnh Industrial is down 2%, Fiat Chrysler -1,7% Finmeccanica -1%. Mediaset is on parity, Telecom Italy -1,7%.
