Milan Stock Exchange opens down, Mps coaster – Milano Finanza

European shares decline in start-up waiting for some pronouncements on sovereign ratings, including that of Portugal by Fitch, which evaluates Lisbon with a BB +, accompanied by a stable outlook. In recent days, the DBRS rating agency pointed out that the Portuguese credit rating is under pressure, given the mix of low growth and high debt levels, public and private. The DBRS rating, low BBB with a stable outlook, guarantees the inclusion of Portuguese bonds in the basket of quantitative easing conducted by the ECB and the use thereof as collateral by the national banks for credit operations conducted by Frankfurt.

the yields of ten-year Italian BTP float just above record lows, against a backdrop of thin trading. The ten-year rate of 1.08% again this morning after hitting a new record low of 1.03% in August. In hopes that Madrid can form a new government, after months of limbo, the rate of the Spanish ten-updated record low, slipping down to 0.913%.

The dollar travels close to the minimum of eight weeks in against the euro after the minutes of the Fed has emerged in recent days, the US central Institute in no hurry to proceed with a rate hike. At the moment the euro / dollar is worth 1.1342 after closing yesterday at 1.1352. The dollar / yen from 99.87 travels at 100.076.

The price of oil is rising, due to the increase in US demand and the expectation of an agreement for the production freeze in September. The WTI Light crude futures shifted up 29 cents to $ 48.51 and Brent futures rose by 11 cents to $ 51, after a top at $ 51.14 a barrel. In Milan the FTSE MIB index fell 0.28% to 16,627 points.

coaster Banca Monte dei Paschi of Siena. At the start the action fell 0.98% to 0.2327 euro, then he raised his head with a + 0.94% to EUR 0.2372 and is now back down by 0.85% to 0.233 euro . With reference to the news that the ad, Fabrizio Viola, and the former president, Alessandro Profumo, are under investigation “strongly reiterates the full correctness of its actions and is confident with full peace of mind that the activities of the judiciary, with which the new leadership has also always worked in four years, contributing greatly to the ongoing investigations will lead to a quick and reassuring clarification of the situation. “

Violet Perfume and are investigated by the Siena prosecution for false accounting and market manipulation as part of an investigation which assumes an incorrect representation of the derivatives Alexandria and Santorini in the budgets from 2011 to 2014. in early July public Siena prosecutors have sent the file to the prosecutor in Milan, territorial jurisdiction, for the most serious offense among those contemplated, namely the manipulation of the market.

“prosecutors now have 18 months to decide whether to store or ask the indictment for Viola and perfume. In fact, the investigation does not imply guilt and does not automatically lead to being fired “, commented this morning the Banca Akros analysts. However,” the survey comes at a sensitive time for the bank to throw in a capital increase by 5 billion by year-end. Our rating on the stock MPS is suspended”, state the analysts of the investment bank.

But as for the merger between Banca Popolare di Milano (-0.52% to 0.365 euro) and Banco Popular (-0.09% to 2.18 euro) the final green light to the SSM (single supervisory mechanism) should arrive by mid-September. Achieve on industry including Prysmian (-0.50% at 21, EUR 75), although HSBC raised its target price from 22 to 24 euro, confirming the hold judgment, CNH Industrial (-0.07% to 6.76 euro) even though Goldman Sachs raised its target price from 8, 2 to 8,826 euro, reiterating a buy rating. Use the same bank business has confirmed the buy rating on Fca (-0.50% to 5.99 Euros) but lowered the target price from 7.32 to 7.05 euro.

even salt Mediaset (+ 0.14% at 2,806 euro) in the wake of the hypothesis of an agreement with Vivendi on Premium. You talk of a possible involvement of Telecom Italy (-0.25% to EUR 0,807), of which Vivendi it is the largest shareholder, which, under certain conditions, could be interested in taking a minority stake in the pay-TV . Meanwhile, Telecom Italy ended the litigation going on for a year with British Telecom with a “structured agreement between the parties”, as reported by MF-Milano Finanza quoting the interim report of the Italian telecoms group.