Thursday, March 24, 2016

MILAN STOCK MARKET sells more than 1%, Banco Popolare and BPM down by about 5% – Reuters Italy

 MILAN, March 24 (Reuters) - In view of the  long Easter break, investors remain cautious and  Milan stock yields more than 1%. Weighing  sull'azionario are mainly the descent of crude  oil, on the heels of appreciation of the dollar,  and comments of the St. Louis Fed President James  Bullard, who yesterday said the central bank's  board should consider a rate hike already in  April. ** At around 12.50 the FTSE Mib index  yields 1.39%, the AllShare 1.28%. Volume for a  value of almost one billion. The European index  FTSEurofirst300 leaves on the ground 1.34%. ** All  eyes on BANCO POPULAR and POP MILANO after the  announcement of reaching an agreement for the  merger, which will create the third largest  Italian banking group. The securities have  experienced strong volatility, then ending in  negative territory. Banco Popolare, that part of  the transaction will realize a capital increase of  one billion, yields about 5%, as well as Pop  Milano. A trader noted that the securities were  suspended yesterday and then discount the drop in  the stock market the day before. ** POP EMILIA is  the only institution in the main list to keep  rising (+ 1.4%), on expectations of future mergers  in the sector after the one announced last night.  A trader recalls the comments of the head of the  ECB Banking Supervision, Daniele Nouy, ​​that  the conditions to the merger are not between Banco  Popolare and Popolare Milano the same that may be  required for merger of smaller dimensions. A  merger does not therefore necessarily imply an  increase. ** Negative other bank, in keeping with  the European Stoxx sector. ** In an environment of  risk aversion, remain in positive territory, the  major utilities. SNAM and TERNA rise by about 1%,  followed by A2A and ENEL. ** ENI sells 2.3% after  Standard & amp; Poor's cut its rating to 'BBB +'  from 'A-', bringing the outlook to 'stable' from  previous CreditWatch negative. ** SAIPEM gives 4%  in a context of weakness in crude oil prices.  Tenaris also down. ** Weak entire Fiat galaxy.  FIAT and CHRYSLER CNH INDUSTRIAL lose more than  3%, EXOR more than 2%. ** MEDIASET leaves on the  ground 1.8% while the newspapers are continuing  speculation on the possible forms of a possible  alliance with Vivendi. ** Weak also TELECOM ITALY  (-3.2%) ** In rise of more than 3% after RCS  yesterday the Antitrust Authority has given the  green light conditional on the merger of Mondadori  and RCS Books, with the obligation to transfer the  publisher Bompiani and participation in Marsilio.  MONDADORI salt 1.8%. ** Ansaldo STS is to EUR  10.61 (-0.84%) slightly above the price he paid  Hitachi to acquire a new share of the company. It  is not yet clear whether Hitachi will offer to all  shareholders, and not only to those who have  joined takeover bid, the opportunity to sell their  shares to 10.5 EUR. ** AEDES an increase of 2%  after the results. Site www.reuters.it other news  Reuters in Italian. The top news also on  www.twitter.com/reuters_italia ITALIAN STOCK ** **  The prices of shares traded on the Italian  electronic market can be viewed by double-clicking  on the following ........ Market statistics codes  ... ............................. 20 largest  increases (in percentage) .............. 20  largest declines (in percentage) .............  FTSE AllShare IT .... .............. FTSE Mib  index FTSE Italy Star. .... FTSE Italy Mid Cap ..  Italian FTSE Small Cap Index. FTSE Italy Micro  Cap. To the prices of shares traded on AIM .... to  stock Guide Italy .... EXCHANGE DERIVATIVES  Futures FTSE Mib .......... & lt; 0 # IFS: & gt;  Mini FTSE Mib ................. & lt; 0 # MFI: &  gt; Guide to Futures and Options .... Guide to  options .............. ** ** EUROPEAN BAGS Comment  of European titles in Italian ...... Comment on  European exchanges Speed ​​guides European  shares ......... pan European indices  ............. pan-European FTSEurofirst 300 Index  analytical data ........ ......... . Eurostoxx  Index Stoxx Index .....................  ................. Top Movers / markdowns Stoxx  sectors. ....... Top Movers / markdowns sectors  Eurostoxx 10 ..... greatest rises / declines  titles Stoxx ....... 10 greatest rises / declines  Euro Stoxx titles .. 25 major European hikes ....  ..... 25 major European markdowns ........ 25 most  active stocks by value .... Guide to Reuters  information ...... in stock Guide ..........  ....... Chain of Italian indices ........ 

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