Thursday, September 25, 2014

Milan Stock Exchange opens a little move, Telecom positive, luxury down – Reuters Italy

Milan Stock Exchange opens a little move, Telecom positive, luxury down – Reuters Italy


       

MILAN (Reuters) – Starting a slight Piazza Affari, in line with other European markets, after the rebound Eve prediente supported by the statements of the ECB, Mario Draghi, who has reaffirmed the desire to maintain an accommodative policy in the euro area.


       

On the continental markets back to the caution about the recent disappointing economic data while the euro continues to fall without showing signs of recovery.


       

In early trading the index is FtseMib rise of 0.24%, the Allshare 0.26%, in line with the benchmark index European FTSEurofirst 300.


       

Frankfurt is up 0.3%, 0.2% in Paris.


       

In Milan among the titles most vibrant TELECOM ITALY, up 0.7% waiting for news on the sale of Telecom Argentina and the decisions of the board tomorrow on the dossier.


       

According ICBPI, “the perspective of the rejection of the sale of Telecom Argentina, with the consequent negative impact on the group’s plans to deleverage ($ 960mn), has weighed on the share price Telecom Italy, which continues to benefit from the expected consolidation of the Brazilian market. “


       

The title today is positively influenced by the decision of JP Morgan to restart coverage with “overweight”.


       

Tonic Azimut, FIAT, and Mediaset with rises around 1%.


       

Generally positive banking and assicuartivi. Cede luxury with LUXOTTICA FERRAGAMO and the worst in the FTSE Mib with respective declines of 0.8% and 0.3%.


       

In the main list, highlight ITALCEMENTI with an increase of approximately 3.7% on the heels of the promotion of Berenberg a “buy” with a target to 6.3 euro.


       

www.reuters.it On other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia

       
          © Thomson Reuters 2014 All rights assigned to Reuters.

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