MILAN, July 16 (Reuters) – Milan Stock closes the session in good raise in a general climate of detente after that night in the greek parliament approved the first package of reforms demanded by international creditors in exchange for the new plan bailuot. The ‘yes’ of Athens has allowed today to unlock the emergency liquidity provided by the ECB to Greek banks and the preparation of a European bridging loan of 7 billion euro. The market returns as well to think about the individual stories and prepare for the season of quarterly that is about to begin. According to a broker, the second quarter may be worse than the first especially for the energy sector and for asset management, while a good profitability is expected in banking, insurance, telecom and consumer. Encouraging news on the corporate accounts while arriving from the US, giving further impetus to the market. The FTSEMib closes so rising 1.67%, the AllShare 1.72 %, while the European index FTSEurofirst 300 stores a +1.36%. It ‘AUTOGRILL (+ 4.4%) leading the list helped by the strengthening of the dollar on expectations of a rise in US interest rates later this year. Some traders also cite the improvement of the target price by foreign brokers and rumors speculation about possible M & A for a company which has long you are “looking around”. Tonica TELECOM (+ 3.6%) in line with the European sector, gaining positions MEDIASET (+ 3.2%), of which Credit Suisse raised its price target and improved estimates of advertising. In good upside, albeit below the highest of the day, CHRYSLER FIAT (+ 2.7%) in the wake of good data on vehicle registrations in Europe in June, pushing the whole European sector. According to broker a “good indications of the European market are a confirmation that growth expectations for this year’s market could be around 5% still to be revised upwards.” The report, however, suggests caution about the risk of further declines in the Brazilian market. Purchases on FINMECCANICA, ATLANTIA. More …
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