Even banks effect on the Milan Stock Exchange, the pink jersey of Europe for the second consecutive session. But if yesterday other continental lists were closed in the red, affected by the drop in oil prices, a rebound today involving all major exchanges (here the trend of the indexes). In Milan the FTSE MIB index closed up 2.5% to + 5% of the towing clocked by the sub-index of the banking sector. In the sector stands out especially the 7.9% of Finecobank. The stock benefited from rumors on the possible sale by the parent Unicredit (+ 6.63%), of the Polish Bank Pekao (-2% in Warsaw). Perspective that would make it less likely the sale of additional Fineco shares.
Also in evidence Ubi Banca (+ 7.03%), B to (+ 5.73%) and Mediobanca (+ 5.27%). In a Ftse Mib rising almost everything closed below parity Campari (-0.15%).
also rising Wall Street, where the Nasdaq set a new intraday high, supported by data on the housing market and some quarterly, starting from that of Best Buy: the title of the leaps appliance chain by over 16% thanks to the financial results. The New York Stock Exchange closed higher, with the Dow Jones + 0.10% to 18,547.30 while the Nasdaq has advanced by 0.30% to 5260.08 points.
SMEs Indicators: improved economic activity despite the Brexit
The continental lists have welcomed the publication Purchasing Managers index on manufacturing activity and of the eurozone services rose in August from the previous month while upholding the industry’s weakening. Despite an oil still in correction and close to $ 47 a barrel for WTI, the stock industry looking to make up ground after the last feeble sessions and expects the opening of Wall Street, which currently shows futures rising indices, and the data manufacturing activity in the Richmond area.
22 to 23 August, updated at 9.55 (source: Thomson Reuters)
in Milan purchases of DiaSorin, Mediaset in the spotlight
Returning to Piazza Affari, well Diasorin that obtained by an entity of the US Department of Health a contract worth 2.6 million dollars to develop a laboratory test to diagnose the Zika virus. Highlights General between insurance, while Mediaset benefits from the assumptions on an agreement with Vivendi for the reorganization of pay-TV premium. Even money on Leonardo – Finmeccanica and out of the Ftse Mib, of Molmed who got the green light from the European Union to the commercialization of a therapy for the treatment of leukemia.
In Europe focus on self: Volskwagen back, pressure on Renault
On European markets attention on the motor segment: Volskwagen (+ 2.42%) It dates back thanks to the agreement reached with two suppliers which allows to restart the six production plants that had been penalized by the non-delivery; down instead Renault (-1.16%): according to the Financial Times, the government report on the testing of pollutant emissions would have omitted the relevant details on the survey results.
Wall Street supported by the data on real estate market
to support Wall Street also came the data on new home sales, which in July rose more than expected and the highest level since 2007, evidence of the good time the market American real estate. Sales of new homes account for about a tenth of the US industry. The peak dates back to July 2005 when touched 1.4 million share. The minimum instead were seen in February 2011 to 270 thousand. Based on July data, to completely exhaust the available homes for sale it would take 4.3 months, 4.9 months less than the previous month and the lowest in three years. The median price stood at 294,600
dollars, down from $ 296,000 in the same period scorso.Rimanendo the macro area are results below market expectations, however, the figures on the activity manufacturing. Investors are also waiting to see what the next Fed moves and watch the meeting with the speech that Governor Janet Yellen held Friday at the Jackson Hole symposium. Also on Friday it is expected also the revision of the estimate of the US GDP in the second quarter.
Among speculation and volatility, the opportunities in European equities
slightly wavy Change, euro / dollar above 1.13
Little blur the foreign exchange market, the euro is worth 1.1323 US dollars (1.1322 yesterday) and 113.43 yen (113.58), while the dollar / yen relationship is at 110.18 (100.32 ). After losing ground for most of the session on the final attempt to recover the price of oil: the October futures on WTI marks + 1.05% at $ 47.92 a barrel, while the similar delivery Brent is up 1.22 % to $ 49.76.
Spunto oil, WTI back to $ 48 a barrel
After losing ground for most of the session on the final attempt to recover the price of oil: the October futures on WTI marks + 1.05% at $ 47.92 a barrel, while the similar delivery Brent is + 1.22% at $ 49.76.
in ski the spread BTP-Bund
Sales on ‘ bond. The yield on ten-year BTP is rising 1.14% dall’1,11% yesterday, while it also widens the spread: the spread over the German Bund of the same length is moving into the area 122 basis points, from 119 eve and after falling to 113 in the morning today.
(Il Sole 24 Ore Thomson Plus)
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