Italian stock exchange Up: Ftse Mib + 0,88%. Mediaset in the spotlight – The Press

Italian Stock Exchange Up: Ftse Mib + 0,88%. Mediaset in the spotlight

          

Italian Stock Exchange Up: Ftse Mib + 0.88%. Mediaset in the spotlight.

positive European stock markets. Wall Street green: at the close of European markets the S & amp; P 500 marks + 0.2%, Nasdaq Composite + 0.2%. The Ftse Mib ended at + 0.88%, the FTSE Italy All-Share to + 0.82%, the FTSE Italy Mid Cap to + 0.45%, the FTSE Italy Star at +0.45%.

Euro strengthening against the dollar, touching the highest from late June to 1.1338. EUR / USD at the close of European equity markets around 1.1330 marks. From the minutes of the last meeting showed that the members of the FOMC (the operating committee of the Federal Reserve) altogether see away the fears about the risks to the US economy but are not convinced of the necessity and unanimously most importantly, the timing of a new rise in interest rates. The minutes of the last meeting of the ECB transpires however, according to some analysts, the indication of possible new interventions already in September, if not highlight inflation and growth an earlier than expected recovery.

Markets eurozone bond on the rise. the yield of the ten-year Bund drops by 4 bp to -0.08%, also that of BTPs drops by 4 bp to 1.08%. The spread is stable at 116 bp.

As for the macroeconomic data of the day today we point out that in the US Philadelphia Fed Manufacturing Index in August amounted to 2.0 points , against the negative reading of 2.9 points in July and in line with economists’ expectations. As reported by the U.S. Department of Labor (the Ministry of Labour USA), in the week to August 13 requests for unemployment benefits fell to 262,000 against 266,000 the previous week and 265,000 consensus. The USA anticipates index developed by the Conference Board in July recorded an increase of 0.4% against 0.3% expected by economists for an unchanged reading compared to June (the reading was negative in May to 0.2% ). Eurostat confirmed the preliminary reading for the Eurozone inflation, which stood in July on an annual increase of 0.2% compared with 0.1% in June. On a monthly basis, however, consumer prices fell by 0.6% against the 0.2% rise the previous month. According to information from the Office for National Statistics (the statistical agency of London), UK retail sales rose in July by 1.4% after a monthly decline of 0.9% in June and 0 against, 2% increase expected by analysts. On an annual basis, retail sales are up by 5.9%, accelerating from 4.3% in June and 4.2% against the consensus. As reported by the Institut national de la statistique et des études économiques (INSEE, the national statistical institute in Paris), in the second quarter, the unemployment rate in France has fallen to 9.9% from 10.2% in the previous period and the fourth quarter of 2015. the figure, which compares with 10.1% of consensus, falls below 10% for the first time since 2012.

Very well Mediaset (+ 4.94%) thanks to press reports under which Vivendi (+ 0.1%) is preparing a new proposal to Mediaset Premium. In late July, Vivendi had decided to come to fulfill the agreements signed in April regarding the acquisition of pay TV, offering to purchase only 20% of the premium capital and get to hold in three years about 15% of the capital through Mediaset a convertible bond issue.

recovery attempts in the asset management sector : highlighted Azimut Holding (+ 3.63%) and Banca Generali (+ 2.09%).

Good progress Prysmian (+ 2.73%) in the wake of the French rival Nexans (+ 4.7%) today inaugurated the construction of a plant for the production networks in electrical wiring in Ukraine.

CNH Industrial (+ 2.66%), and the parent company EXOR (+ 2.09%), in good shape after results initial offer to purchase money of guaranteed senior bonds, and in view of the quarterly data of the competing American Deere & amp; Company, scheduled for tomorrow.

Purchases of RCS MediaGroup (+ 2.22% to 0.9890 euro): Urbano Cairo has increased its stake in RCS to 59.831% of the capital by 59.693% with an operation dated 11 August. The title comes close to yearly highs touched last month at 0.9980 euro. A victory confirmed in the closing session of these references result in the reactivation of the recovery underway since April, with targets at 1.1670 (up to July 2015) and 1.32 (February 2015).

Incerti bank that recover in the final. the FTSE Italy Banks ends at + 0.47% versus + 0.2% EURO STOXX Banks. MPS Bank (-2.00%) in negative protagonist, followed by BP Milano (-0.73%) and Mediobanca (-0.40%). Rising BPER (+ 1.79%) and UBI Banca (+ 1.42%), of which Banca IMI has improved the recommendation from buy to add. UBI has received three summonses by shareholders seeking redress with respect to redemptions of shares being withdrawn as a result of the transformation in SpA.

(Simone Ferradini)