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This article was published April 11, 2016 at 17:35.
the last change is the April 11, 2016 at 22:15.
It continued the gold upward. The yellow metal has gained, year to date, 18% to $ 1,240 per ounce (see article). Even today, in a perspective of risk aversion bullion rose. Faced with a similar trend in start-up, the EU equity markets were weak. However, the dynamic has not been confirmed. In particular at the Milan Stock, helped by turmoil in the publishing industry and the rebound of the banks, the FTSE MIB closed in 1.25% growth, better performance in Europe. Closing in negative territory for Wall Street instead. The Dow Jones lost 0.11% to 17,557.65 points, the Nasdaq yields 0.36% to 4833.40 points while the S & amp; P 500 leaves on the ground 0.27% to 2042.05 points.
This week, the eurozone, “the focus will be on the February industrial production data expected to show a contraction of 0.7% month on month in the euro area and by 0.8% in Italy “recalls the usual IntesaSanpaolo newsletter. Which also he points out “the many important data releases in the United States. The March data should be mixed, with increases in retail sales and industrial production correction. On the price front, all indices should be resumed because of the increase of gasoline in March: the import prices should be rising for the first time after 8 contractions, the PPI and the CPI should see increases in both indices headline both of those cores. ” Finally, the Beige Book is expected to confirm the modest recovery framework, driven by consumption and from residential, with some indication of the manufacturing revival.
Beyond the expectations in the world of fixed income spreads the BTp- Bund today was around 123 basis points, with the yield of ten-year Italian government to about 1.35%. Decreasing the yield difference between the rate of the security of the Spanish and German State: the session has filed around 141 basis points.
In terms of the euro currency has remained at about 1.14 to the dollar. While oil continued its sideways movement in the present: a bit ‘down and a bit’ of. With Brent over 42 dollars a barrel.
In Milan focus on banks and Publishing
Last but not least, at the Milan Stock a focus of operators in the first place it was on the banks. The securities in the fund have been driven by expectations for the launch of the fund that the government is developing to detect the suffering and protect the capital increases. Growing, among others, MPS, Banco Popolare, UBI Banca and BPM. In addition to credit institutions we have watched, then, to the publishing sector, following the agreement signed between Mediaset and Vivendi and the ops launched from Cairo on RCS shares. The market appreciates the cross-border operation between Alfa Group and the company beyond the Alps. It also held the spotlight on Telecom, since Vivendi is also the largest shareholder of the telecom company.
The offer for RCS
RCS, initially, failed to make the price after the offer last Friday surprised by Cairo. Then the title has leaped upward. Beyond the stock market dynamics should be noted that, in the morning, Urbano Cairo has stressed that its offer “is not a tender offer to delist” the publishing company, but an operation in which “we want to keep inside the old members,” ” to qualify with me of any increases and positive activities that we would try to restructure Rizzoli. ” In particular this last statement can be designed to stretch the minds than the major shareholders of RCS. The latter, in fact, in the last weekend they had several contacts: there was also talk of a possible summit between the key shareholders (Mediobanca, Diego Della Valle, UnipolSai and Pirelli), although official sources deny that the meeting will be held or is on the agenda. The indication is that it seems to be geared seem to say no to the offer.
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