The rebound from Piazza Affari fails. After a positive start, sales took over and the Ftse Mib closed down by 0,36%. Among the worst banks and financial stocks: Azimut -3,17% (despite Goldman Sachs reiterating the Buy recommendation, while lowering the target price to 17,3 euro from 21,5 euro), Mediobanca -2,53%, Unipol - 2,25%, Unicredit -2,13%.
At the bottom of the basket of blue chips also FCA -2,16% after ending up in a volatility auction Chris Grundler about $5 billion to get in compliance. The company makes it known that every year it makes technical investments of around 9 billion euros, so the EPA request, moreover diluted over nine years, does not represent a figure outside the norm.
The negative sentiment also affects the rest of Europe which manages to ease the pressure only slightly thanks to the good performance of Wall Street: Paris -0,34%, London -0,27%, Frankfurt -0,47%. The Btp Bund spread widens significantly, by 4 percentage points to 134 basis points and a yield of 1,21%. The Treasury placed a total of 3,439 billion euros of Ctz and Btpei this morning with the yield on the first bond falling to -0,216%, a new historical low.
Stocks are also weighed down by the new sharp decline in oil after Iran and Saudi Arabia scaled back expectations that an agreement will be reached during the informal meeting in Algiers. Saudi Energy Minister Khalid al-Falih said today that meetings between OPEC and non-OPEC producers are consultative only. Brent lost 3,38% to 45,75 dollars a barrel and Wti by 3,42% to 44,36 dollars a barrel.
Purchases dominate Wall Street: after a sluggish start, the Dow Jones rises by 0,49% and the S&P500 by 0,39%, the Nasdaq marks +0,56%. Markets Celebrate Hillary Clinton's "Performance" in face to face with Donald Trump and the good data on consumer confidence which soared to its highest level since August 2007, at 104,1 points, well above analysts' expectations which remained at 99,1 points. The euro-dollar exchange rate dropped 0,44% to 1,12032.
In Piazza Affari, Luxottica +2,49%, Finecobank +1,97%, Mps +1,67% are moving against the tide, in evidence on the Ftse Mib, awaiting the new industrial plan which will be presented on 24 October. Claudio Costamagna has defined the hypothesis of a role of guarantor for CDP in the event of an investment in Siena by Qatari funds as "financial fiction".
