A difficult eighth start for Milan Stock Exchange and the major European stock indexes. In Milan the store hit the major stock indexes: Ftse Mib down 1.12%, FTSE Italy All Share -1.04% and FTSE Italy Star -0.31 percent.
In bending also the other European stock markets: DAX -0.41%, CAC -0, 4% and IBEX down 0.5% (today the UK markets are closed).
They are instead tuned upward major US indexes with the ‘ S & amp; P 500 that recovers 0.55% and Nasdaq that earns him 0 , 34 percent.
the markets here and across the Atlantic weigh the last speech of President Janet Yellen of the Fed in Jackson Hole. The number two of the US central bank Stanley Fischer had excluded two rate hikes later this year (there are still three meeting of the Fed on the calendar), going beyond market hypothesis, but at this time it seems to take body the hypothesis only one rising in December.
Of course, the prospects for a resumption of rate normalization path will have views on the appreciation of the dollar at a ratio between the single currency and the greenback falling to 1,117. On European stocks they have however also weighed of returns after the recoveries of the last eight.
In Milan, the banks have confirmed the closing negative intonation with a sector index FTSE Italy All Share Banks down 0.9 percent.
Unicredit limits the damage to a -0.27 percent. According to the Financial Times, the Polish insurance company PZU would acquire 40.1% of Bank Pekao Institute of Gae Aulenti’s Square for no more than 3 billion euro, but sellers would ask a next figure to 3.5 billion euro . The management of Unicredit would be inclined to close a possible sale before next business plan year-end.
Of note today’s purchase MPS (+ 1.27%): Il Sole 24 Ore reported on Saturday from the measurement of a possible exchange offer for shares of 3 billion euro of subordinated bonds of the Sienese bank. President Massimo Tononi reiterated confidence on the work of the managing director Fabrizio Viola.
Mediaset closes the session with a decline of 0.77 percent. Circulating on the market rumors about possible investments of Abu Dhabi sovereign wealth funds of up to 20-25% of Mediaset Premium in order to facilitate the difficult negotiations underway with Vivendi. The case involves indirectly Telecom Italy (-0.8%), of which Vivendi is the reference shareholder and that might eventually start of deeper industrial collaboration with Mediaset.
Still subdued the insurance sector with the index of the field FTSE Italy All Share insurance that yields 1.83%: weigh the
In addition to fundamental still weak, oil has once again today the effects of a recovery of the dollar rate, which, as noted, tends to move in the opposite direction to crude oil. In falling back on the platform of ICE Brent futures (-1.56% to $ 49.15) and the derivative on WTI (-1.77% to $ 46.81 per barrel). It suffers from the fund and the Milan Stock Eni let the market 1.03% of its value, Saipem 1.92% and Tenaris 1.81 percent.
Lima losses (-0.58%) the title of A2A , which has signed new agreements with Montenegro on EPCG with a put option of 250 million euro on 41 , 75% of EPCG controlled by the Italian company.
in the basket are also reported recoveries in contrast to Ferragamo (+ 0.24%) and Ferrari (+ 0.53%).
Among the children we report the leap against the 7.95% of the title of Alerion Clean Power which leads to 1, 9 € on the price of the takeover bid announced yesterday by FRI-EL Green Power (FGP) on 29.9% of the group.
strong purchases on CTI Biopharma (+ 19%) which announced the most significant results of the phase III study PERSIST-2 in patients at high risk of myelofibrosis in advanced stage.
(GD)
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