Tuesday, May 24, 2016

Milano Queen of Europe with banks Milan Stock rising by more than 3% – Il Sole 24 Ore

Milano Queen of Europe with the banks. Piazza Affari gains over 3% thanks to the sprint of the main credit institutions from Mps ripping upward by approximately 10% following the directions of the Deputy Minister for Finance on a possible strengthening Morando from 4% to 7% of the Treasury in the capital . A push continental lists, which stretched already in the middle ‘meeting (follow the trend of the indices), also contributed to the excellent opening of Wall Street. Purchases focus primarily on insurance, banking and mining with the focus of operators who now focuses on the Eurogroup meeting that will have ‘on the table the discussion on the new loan tranche to Greece.

In Milan are in the front row the lenders beginning with MPS and
Mediobanca. Earn even Unicredit, ended up in the volatility auction, while it started the decisive board of directors for the changes at the top. Banco Popolare of place compared to the sector. Brilliant Generali.

Despite a correction in oil, Eni rooms thanks to the positive feedback of JPMorgan. Saipem, after a bad start due to the Moody’s rating cut, is appreciated. Red Telecom Italy paying the judgment of Exane on the risks related to projects of Enel in broadband italiana.Sotto the performance of the A2a: the preliminary investigation Antitrust acquisition of Linea Group could dilate the time to complete ‘operation. Heavy performance
Salini Impregilo after the presentation of the business plan to
2019: analysts point the finger mainly on
disappointing target in 2016 mainly due to delays on
work in Italy for around 800 million euro.

On the currency market, the euro / dollar below the threshold of 1.12. Yesterday the single currency had suffered weakness
eurozone manufacturing PMI index as well as’ the words of a number of St. Louis James Bullard that the Fed has indicated three factors favorable for the rise in the US (inflation rates, the US labor market and international context). Also the yen stable.

In decrease the spread relative to the BTP / Bund area in 135 basis points as well as the differential of the other securities in the euro.

(Il Sole 24 Ore Thomson Plus)

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