Piazza Affari (follow here the major indices in Italian) shoves the seventh consecutive rise and the best in Europe after Madrid (+1,27%), which celebrates the end of political deadlock and the opening of the socialists to the birth of the new executive Rajoy. All positive, european stocks set to rise from the morning with the improvement in manufacturing activity in October (53,3 points Pmi Markit), and boosted by the positive performance of Wall Street in anticipation of the new quarterly of relief (the tomorrow of the Apple). On the squares of the continental purchases from banks, insurance companies and car, weak analogues, and utility.
Mps, are Soros and Paulson
Exploit Mps: +28% today and the price doubled in a week
Milan is once again the Mps acting from the main protagonist: Monte dei Paschi has been waiting for the new industrial plan and the quarterly with a new performance, sensational on the list stock. The title, which in the last week, it had gained nearly 60%, is risen today, another 28,28% by tapping the share 0,347 euros, that is, the maximum values from the beginning of July last year. In a session with large volumes of trade (the treaty 14.7% of the ordinary share capital) and various suspensions of the title in the auction of volatility, the actions of Siena have reached a maximum of 0,3546 the euro and, in practice, have doubled its value compared to 0,17 euros, which had closed the session of Monday, on October 17. Tuesday morning will be presented the new industrial plan signed by the newly appointed ceo Marco Morelli – approved today unanimously by the board of directors – but it was above all the speculation about possible new investors who study closely the str engthening of the balance sheet: according to the rumors, on the dossier, there would be both George Soros is John Paulson, in addition to some sovereign wealth funds in the middle east and to the gruppo Unipol. The Sun 24 Hours has indicated that certain investment funds of Qatar may invest up to 2 billion euros in the framework of the project strengthening of the balance sheet of the bank. A further billion euro could be put on the plate from the bottom of George Soros and the financier John Paulson. As to the accounts of the quarter, Icpbi were stored in revenues of slightly over a billion euros ( 1.16 billion in the second quarter), operating costs of 642 million and an operating profit of 383 million.
Unicredit Bper on the podium of the bank
Unicredit up 4%, after one of the members strong of the institute, mr. Leonardo Del Vecchio, said he was not sure of the need of a capital increase, while we believe the operation likely. The expectations of the dossier opened for an acquisition, according to the rumors, with CreVal(+3,4%), push new Bper (+3,4%).
Continues the comeback of Telecom Italia (+2,6% after +8% in the last week), among the worst Campari (-2,,2%) and Snam rete Gas (1.1%), which on the day of the presentation of the target of Italgas, a company that will be spun off and listed on the Stock exchange in the first part of November.
Unipol highlights: Bologna to the window on the Mps and Bper
in Addition to the group of the bank, where Ubi Banca, mark +3.2% and Mediobanca+2,5%, up 2.2% of the Unipolsai and 2.1% Unipol: the group financial bolognese may in fact have a leading role in the reorganization of some of the most delicate games of the system of the credito italiano to begin from that of Mps (as reported by Il Sole 24 Ore) or in the creation of a new banking hub in the north of Italy with Bper and Credito Valtellinese. Outside the banking sector, has recovered to 1.7% Luxottica group prior to dissemination of quarterly data on the revenues of the group, the com emerged on the markets closed, were up 3.2 percent to 2.22 billion euros. Well, Fiat Chrysler Automobiles (+1,7%), in comeback Mediaset(+1,4%), which started a countdown to the time of the hearing before the Court of Milan for the request for an injunction filed against Vivendi on the question of the contract for the sale of Mediaset Premium.
Under the lens Snam, Italgas towards the Stock exchange with revenues of 1 bn
it was weak Snam rete Gas , in the day in which the management of the subsidiary Italgas, which was launched at Piazza Affari and the beginning of November, meets the financial community in London. The objectives provided by management on the 2016 speak of consolidated revenues and pro-forma excess of 1 billion euros and an ebitda margin of 65% of revenues. The dividend per share for 2016 will be equal to 20 cents. The coupon,reports the company in a note, “to be sustainable in the medium term”, and in 2017 and 2018 there will be an annual increase single-digit.
Luxury and utility are charged duty
In the fall instead of some of the securities of the luxury sector as Ferragamo (down 1.6%) and Moncler(down 0.7%) but above all the utility: -1,3% A2a, still falling, on the assumption of an upcoming review of the agreements company between the two principal partners (the Municipality of Milan and Municipality of Brescia), 0.9% of Ternache Friday announced the presentation together with infrastructure fund F2i of a binding offer for the 24% of Admie, the manager of the electricity transmission network in Greece.
Shines Madrid, Spain is ready for a new government
In the first row , however, since this morning was Madrid, that the decision of the
Spain, via get rid of the socialists to the government Rajoy
socialist party of give away for free, through a position of abstention, the birth of the new minority government led by the leader of the popular Party, Mariano Rajoy, in this way Spain should exit from the political impasse of the last period, avoiding the need to resort to third choice in the course of a year. Rise of less than half a percentage point to Paris and Frankfurt, in decline in London and Zurich.
Bullard, Fed St. Louis: “Rates low in the future,”
The attention on Wall Street has gone still on the quarterly, but also on public interventions of the different representatives of the Federal Reserve. The president of the Fed of Saint Louis , James Bullard, speaking at the University of Arkansas, has pointed out that the cost of money, the Usa will remain at very low levels in the future. “Low rates are likely to continue to be the norm in the next two or three years,” he said, adding that rates should remain exceptionally low” in the future. In his speech, Bullard has not provided his vision on the upcoming monetary policy of the Fed, which will meet on 1 and 2 November and then the 13th and 14th of December.
Use: manufacturing accelerates in October
‘ activity ‘ american manufacturing has accelerated the pace in October. The flash estimate of the manufacturing index Pmi, compiled by Markit, stood at 53.2 points, an increase by 51,4 reading flash of mid-September, and best of 51,5 points in the final reading last month. The figure confirms also a layer associated with the expansion of the economic situation, which is more than 50 points.
The economic activity, american national has increased the pace in September while remaining at levels associated with a phase of slowdown. The index that measures the performance, prepared by the Federal Reserve of Chicago, and rose to -0,14
points in September, after the -0,72 points in August (revised downward from to 0.55 points in the first estimate). The moving average of the last three months and fallen by -0,14 points to -0,21 points.
Euro still weak on the dollar, the oil loses altitude
On the foreign exchange, the euro/dollar rate is always below the level of 1,09 to 1,0885 from 1,0866 (follow here the main cross). Oil falling by 1% in New York to 50,37 dollars per barrel after the Iraq insists to be exempted from the agreement reached in September by the Opec on reduction of production levels.
(Il Sole 24 Ore Radiocor Plus)
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