Published: 08/19/2014
Piazza Affari closes the day with the major indexes slightly wavy, in the main queue European stocks, all positive in the wake of Wall Street who, fresh from good gains on Monday, expanding the gains in the wake of the macro data today. In particular, the index of consumer prices rose less than expected, which mitigates investors’ fears regarding the outlook for interest rates.
Best of consensus even building permits and new housing construction in July, pushing the real estate on Wall Street. On the list Milanese weigh utilities and cars, in particular Fiat , while the bank remains slightly wavy, confirming investor caution about our country, which lasts for some time and that was accentuated after the figure of ‘ trend in GDP in the second quarter.
The BTP-Bund spread stood at 159 points , from 162 at the close on Monday, with the yield at 2.595%. In Milan, the FTSE Mib index guide stores the day virtually flat , to 19,644.37 points (+0.02%), while the general index All Share stood at 20,857 points (+0, 12%). Is that better the Star, which closes at 17,499 points (+ 0.61%). Exchanges on the list down to 1.62 billion euro of equivalent value, from 1.85 billion on Monday. Out of 311 securities trading, 171 have closed higher, 121 declining and 19 unchanged.
Rise in other major European stock exchanges: Frankfurt Dax 9,334 points (+ 0.96%); Amsterdam Aex 403.31 points (+ 0.85%); Zurich SMI 8525.38 points (+ 0.85%); Lisbon 20 Psi 5,697 points (+ 0.76%); Paris Cac 4,254 points (+ 0.56%); London FTSE 6,779 points (+ 0.56%); Brussels Bel 20 3163.92 points (+ 0.55%); at Madrid Ibex 10,386 points (0.32%).
In New York, meanwhile, the Dow Jones gained 0.44% to 16,913 points; Nasdaq, which updated the highest since 2000, scored 4,522 points (+ 0.31%) and the Standard Poor’s 500 share at 1,980 points (+ 0.45%). According to Alastair McCaig of Ig Uk, “the Dow Jones seems unable to resist the attraction of 17 thousand share and continues to rise. The American markets are no longer weighed down by European markets , who joined the rally while guided by the hope of help from the ECB, rather than optimism. “
“With inflation data Use in line with market expectations and global events relatively calm, the equity markets – continues McCaig in the market update of Ig Uk – seem destined to advance before the meeting in Jackson Hole at the end of the week. The only caution is that, with Janet Yellen and Mario Draghi, who will close the week talking in Wyoming, all this hard work could easily be defeated. “
The reference to the ECB euro stood at $ 1.3354 , down from $ 1.3383 Monday. The most traded futures on WTI, oil of American reference, for September delivery is trading on the Nymex at $ 95.58, down 0.83 dollars compared to the previous close, according to data from CME Group.
The futures on Brent, the European benchmark crude, ICE is trading at $ 101.47 a barrel, down slightly (-0.13%). The gold on the London Bullion Market fixing the afternoon stood at $ 1,296.5 an ounce, down from $ 1,300.25 to the fixing of Tuesday morning.
In Piazza Affari sales of chemicals (-1.39%), utilities (-0.95%), cars (-0.86%), retail trade (-0.36%); purchases on average (+ 3.25%), telecom (+1.4%), services for the consumer (+ 1.36%), technology (+1.32%).
On the FTSE Mib in red Fiat (-2.91% to 7.175 euro). To scuttle the Lingotto today was a report from Credit Suisse, which started coverage on the stock with rated ‘underperform’ with a target price of 6 euro.
“Despite the successes of CEO Sergio Marchionne during the last ten years – wrote analysts at Credit Suisse – including the simplification of the ownership structure, the disposal of industrial business and the acquisition of 100% of Chrysler, we see limited space for positive surprises on the front of the corporate action. “
“While the experience of CNH – analysts continue CS – indicates that it is unlikely that a listing in the United States for Fiat Chrysler changes the perception of investors, we also see a limited upside in the key markets of Fiat, the USA, Latin America and Europe” . The volumes of Fiat today, however, have been well below the average of the session.
Banco Popular also fell (-2.66% to 10.99 euro), along with other popular: BPM -1.61%, -1.16% Bper. Took profits on Yoox (-1.67%), well bought yesterday. Enel weak (-1.12%), weighed down by rumors about the possible sale of a stake by the Treasury. Above par, however, Eni (+ 0.44%), which is also subject to the same rumors.
In upward Mediaset, which stands on the FTSE MIB to 3.03 euro (+ 3.91%), the pink jersey of the basket, indifferent to the news from Spain reported today by Mf (Antena3, subsidiary of De Agostini Group, has passed in the share Telecinco rival over the weekend). The title is recovering from the lows from June 2013 The upward movement is also favored by lower volumes, lower than the average of sitting in the last thirty days, like for most of the titles of Piazza Affari in the middle weeks of August.
In evidence the asset management industry, with Mediolanum (+ 3.28%) and azimuth (+ 3.25%). Purchases of Telecom Italy (+ 1.42%), pending moves on Gvt, Brazilian phone company owned by France’s Vivendi, the subject of a formal offer from Telefonica.
Telecom is working with Mediobanca, Citigroup and Bradesco to a counter-offer for the Brazilian asset, the market in which it already operates with Tim Brasil. According to press rumors Telefonica, Telecom Italy and shareholder in still present in the Brazilian market under the brand name Vivo (Telefonica Brasil), you may decide to improve its offer, whose value currently stands at 6.7 billion euro.
Performers for St (+ 1.4%) and Mediobanca (+ 1.27%), a significant recovery from a few sessions. Pirelli also in green (+ 1.27%) and GTech (+ 1.25%). Star on the fly Sogefi (+ 15.26%), the best title for the entire list.
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