Positive Italian Stock Exchange: Ftse Mib + 0,68%. UniCredit rally extends
positive Italian Stock Exchange: Ftse Mib + 0.68%. UniCredit rally extension.
European stock markets are slightly up. Wall Street down: at the close of European markets the S & amp; P 500 marks down 0.2%, the Nasdaq Composite -0.1%. The Ftse Mib ended at + 0.68%, the FTSE Italy All-Share to + 0.69%, the FTSE Italy Mid Cap to + 0.82%, the FTSE Italy Star at +0.78%.
Euro down against dollar , touch minimum one week. EUR / USD at the close of European equity markets around 1.1250 marks.
Bond markets Eurozone slightly wavy. The yield of the ten-year Bund salt 1 bp to -0.09% , that of BTPs is stable or 1.13%. The spread drops 1 bp to 122.
As for the macroeconomic data of the day today we point out that in the US the National Association of Realtors has announced that sales of existing homes They fell in July by 3.2% compared to June (+ 1.1%) to 5.39 million. The figure was lower than the consensus attached to a decline of 0.4%. The EIA (Energy Information Administration) reported that, in the week ending last August 19, the oil inventories in the US rose by 2.501 million barrels. Analyst estimates were fixed on a decline of 455,000 barrels. The US Housing Price Index published by the Federal Housing Finance Agency (FHFA) grew by 0.2% in June, below expectations of the experts set on a 0.3% increase. On an annual basis the index rose by 5.6%. In Germany, the Federal Statistics Office (Destatis) published the final data of GDP for the second quarter: the German economy is growing at a slower pace than in previous months (it was up 0.7% at the beginning of ‘year). The figure actually showed an increase of 0.4% on a quarterly basis, confirming the preliminary reading. On an annual basis the growth and ‘stood at +3.1%.
It continues the rebound in bank with the index FTSE Italy Banks to + 3.71%, while the EURO STOXX Banks marks + 2,3%. UniCredit (+ 8.04%) confirms the absolute star even though the Polish Deputy Prime Minister, Mateusz Morawiecki, has stated that PZU (the leading Polish insurance group, attended by the state) is not dealing with the acquisition of the share of control of bank Pekao in the hands of the Italian bank. According to rumors for tomorrow is expected the meeting between the CEO of UniCredit Jean Pierre Mustier, and that of PZU Michal Krupinski. But in addition to Bank Pekao, UniCredit could also give in Yapi Kredi and Pioneer, writes Il Sole 24 Ore. Especially the Milanese institution would be looking for a buyer for Pioneer, Group asset management, whose value is estimated at about 3 billion euro.
Also Sale Banca MPS (+1.05 %) in the wake of the rumors reported by Republic , or that the advisors JP Morgan and Mediobanca are looking for an investor to reduce the magnitude of the increase from 5 billion euro capital included in the recovery plan submitted to the end of July. MF also writes that the advisors have started the insights necessary for the operation of npl securitization of 9.2 billion euro net included in the recovery plan, and to be completed by November.
Performance positive for BP Milano (+ 3.46%), Intesa Sanpaolo (+ 3.04%), BPER (+ 2.16%), Credem (+5.41%).
Shopping on Mediaset (+ 1.67%) thanks to the sound of MF that two Chinese groups are interested in Foil: Phoenix and LeTV. Meanwhile, the parent company Fininvest has filed with the Court of Milan with a summons in order to get that Vivendi (+ 0.40%) is ordered to give full compliance to the shareholders’ agreement attached to the contract signed with Mediaset in April. In the act, Fininvest asks anyway compensation for serious damage already suffered, amounting to a sum not less than 570 million euro.
Weak Eni (-0.81%), Tenaris (-0.70%) and Saipem (-0.48%) in the wake of the decline of crude oil: the unexpected figure for US weekly stocks canceled yesterday’s rally next to the items on Iran’s readiness to negotiate a cap on production to raise the prices
AS Roma (-8.98%) on the stock market collapses after doing so on the lawn of the Olympic : the Giallorossi have lost 0 -3 with Porto in the preliminary, giving farewell to the Champions League and to at least 30 million Euros of revenues that would have brought.
(Simone Ferradini)
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