European shares good upside in the first session of a week that will be characterized by waiting for the speech by Federal Reserve Governor Janet Yellen, held Friday at the symposium in Jackson Hole. After a start swinging the lists have chosen the way of the rise (here the trend of major indices).
Pink jersey is Milan Stock Exchange, where the FTSE MIB is supported by the inspiration of banks and financial stocks, which trying to redeem the losses suffered last week, among them Mps, Banca Pop Mi and Azimut.
All Mediaset: closed Friday market the company announced that it has filed a lawsuit against Vivendi before seeking enforcement of the contract signed between the two companies includes the transfer of the premium pay TV French.
Close Fed in sight? For Vice President Fischer neighboring economy objectives
Investors hope that the intervention of Yellen in Jackson Hole will help reduce uncertainty about future Fed moves, dispelling at least partly in doubt which they are penalizing the markets now from August. In the last hours the market seems to come back to bet on a rise in short rates especially after yesterday the vice chairman of the Fed, Stanley Fischer, in a speech in Aspen pointed out that the US economy is “close to the targets’ in terms of employment and inflation set by the central bank to start monetary policy tightening.
in Europe puntanti eyes on the top three of Ventotene
Today, meanwhile , the market’s attention will also be paid in Ventotene, where it is scheduled for the summit between the leaders of Italy, Germany and France ahead of the European summit in 27 (thus excluding the United Kingdom) to be held in Bratislava on 16 September. It hopes to relaunch the EU integration after Brexit.
A Piazza banks Affairs attempt recovery. Well Molmed and RCS
In Milan highlight the bank stocks with the exception of Finecobank. The fund thus attempts to make up ground after the sales last week, closed by the Italian sub-sector with a -7.6 percent.
In the Ftse Mib General also reward purchases, Fiat Chrysler, Campari and Atlantia, while it is weak CNH Industrial.
Outside of the main basket, highlight Molmed. Before the market the company announced the green light from the European Commission for the placing on the market condition for Zalmoxis. It is, explained Molmed, the first based on the engineering cell therapy of the immune system for the treatment of leukemias and other blood cancers. The Authorization Conditioning Commerce (Conditional Marketing Authorisation) is a special authorization procedure for placing on the market that may be issued even in the absence of final data from the pivotal Phase III studies. This advance permission is granted to medicinal products with a positive evaluation of the benefit / risk ratio, capable of solving significant therapeutic needs, and the availability of which would result in a significant benefit for public health.
Continue climbing RCS Mediagroup, while the market continues to bet on the new majority shareholder Urbano Cairo plans.
Dollar strengthening, oil corrected after it records
the foreign exchange market, the dollar strengthened on the prospect that the Fed breaks the plunge and choose to raise interest rates: the euro has so touched a low of $ 1.1272 (1.1324 closing Friday), while the greenback gained ground against the yen.
In correction oil, which last week has repeatedly upgraded its highest level since early July. the October futures on WTI fell to $ 48.12 a barrel, while the similar delivery Brent touched a low of $ 49.81.
Little blur the spread, descends BTP yield
stable Starting week the bond market. The spread between BTP and Bund moves of the day start at around 117 basis points, in line with the previous reference. Slightly decreasing the return on Italian ten-year, to 1.12% from 1.14% recorded in the closing Friday.
(Il Sole 24 Ore Thomson Plus)
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