MILAN, August 17 (Reuters) – Milan Stock closed up, catching up after the temporary decline following the publication of data on manufacturing activity in New York state, collapsed to the lowest level in six years. The Milan stock market then attempts a new rebound after the significant losses of the beginning of last week , triggered by China’s decision to proceed with the devaluation of the yuan. It helps positively to market sentiment also given the green light by the Eurogroup on the third bailout for Greece, arrived Friday evening after market close. The gains, however, are hampered by the fall in crude oil prices and the inevitable impact on energy stocks. ENI, after having spent the session in negative territory, the final was able to bring in almost equal (-0.06%), in line with the improvement of the sector at European level (+ 0.33%). Weak Saipem (-0.45%). The FTSE Mib closed the session rising 0.69%, the AllShare 0.65%, while the European benchmark FTSEurofirst 300 reaches + 0.31%. In Milan, the volumes to about 2 billion euro. On the main basket out ATLANTIA (+ 1.66%) after the positive data reported last Friday by ENAC on aviation airport Rome Fiumicino, operated by ADR, despite the period of curtailment of its capacity after the outbreak of the fire May 7. Negative automotive, with FIAT CHRYSLER (- 0.64%) and CNH (-1%) in the bottom of the list. The Stoxx European sector yields 0.45%. Positive banking sector that benefits from the drop in the spread after the ok to plan bailout of Greece. In particular, it highlights the UBI, which with an acceleration in the second half of the session closes at +2.37%. Also among financial AZIMUT toned to + 1.92%. The asset management industry should benefit from the ‘volontary disclosure’, whose applications for membership are expected to accelerate after that in recent weeks have been launched some technical standards detail that seem to have solved some critical points of the process, remember ICBPI. More …
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