Borsa italiana leaps forward: Ftse Mib +2,56%. MPS under the spotlight – The Print

Borsa italiana leaps forward: Ftse Mib +2,56%. MPS under the spotlight

Borsa italiana leaps forward: Ftse Mib +2,56%. MPS under the spotlight.

european stock Markets in net progress. Wall Street is soaring: at the close of european stock exchanges and S&P 500 Up 1.9%, Nasdaq Composite +2,2%. equity markets may benefit from news that the FBI not proceed against Hillary Clinton in the case of the private server of the mail. The risk of a victory of the Trump to the USA elections of Tuesday away, even if there are still elements of doubt. The Ftse Mib has terminated +2,56%, the Ftse Italia All-Share +2,35%, the Ftse Italia Mid Cap +1,02%, the Ftse Italy Star +1,55%.

Euro down against the dollar. EUR/USD to the closure of the european markets is traded on the 1,1040 about.

bond Markets, the eurozone uncertain, the good the BTP. The yield of ten-year German salt 1 bp to 0.16%, and that of the BTP goes down 3 bp to 1,71% (unchanged Bono Spanish to 1.25%). The spread falls by 4 bp to 155.

with regard To the macroeconomic data of the day today we report that Eurostat has announced that the volume of retail sales in the Euro Area, and decreased 0.2% in the month of September compared to the previous month, after falling 0.2% the previous month. On an annual basis, the index registered an increase of 1.1% from 1.2% the previous month. In the Euro Area the index Sentix, which measures the confidence of investors in the current month, has gained momentum in November to 13.1 points, on the highest levels by December 2015. The data is a result clearly superior to the expectations of the insiders secured on an index equal to 9 points and in growth, compared to 8.5 points of the reading October. The Department of Economics and Technology the German has made it known that in September new orders in industrial fell by 0.6% compared to the previous month, resulting in lower than the estimates of analysts who had calculated an increase of 03%. August orders gre w by 0.9% (revised from +1%). In the United Kingdom, the Index, Halifax real Estate Prices in October registered an increase of 1.4% on a monthly basis. Compared to October, 2015 the index grew by 5.2%, as well as the expectations set on an increase of 4.8%. The National Statistics Institute of spain has announced that the industrial production in Spain in September (tentative estimation) increased by 0.8% compared to the same period of 2015 by +4,3% yoy recorded in August (revised from +4%). Analysts had estimated an increase in industrial production of 2.5% on an annual basis.

Bank soaring: the FTSE Italia Banks ends at +4,80%, the EURO STOXX Banks +2.9%. Shopping Boom of the investment in Banca MPS (+22,18%) thanks to the rumors according to which the sovereign wealth fund of Qatar (Qia) could act as “anchor investor” in support of the capital increase from 5 billion euros to the Rocca Salimbeni intends to launch. Moreover, according to il Sole 24 Ore, the process of disposal of non-performing loans of the MPS could take the start in march/April, after the arrival of the ratings on the various tanche of the securitization. Among the persons appointed to the role of the advisor there are Cerved, Prelios and Italfondiario, the more the other 2-3 persons that will be selected within a month.

considerable Purchases, even on big names in the industry: Intesa Sanpaolo (+5,88%) take advantage of the quarterly data in line with the best expectations published on Friday: the net profit in the qtr3 amounted to 628 million euros, higher than the consensus Reuters (eight analysts surveyed) of 552 million. Some of the major brokers such as Jefferies have improved the assessments on the title, others like Morgan Stanley have confirmed the positive reviews.

UniCredit (+4,90%) in good shape thanks to the latest rumors relating to the sale of Pioneer. The Financial Times has written that the american Ameriprise Financial was added to Amundi and the consortium led by Poste Italiane (with the Soul Holding company and Cdp) and among the pretenders to the asset manager of the group led by the CEO Mustier. Next Thursday, November 10, expires the deadline for the submission of binding offers. The assessment of Pioneer fluctuates around 3.5 billion euros.

Good performance for Credito Valtellinese (+2,83%) in the wake of rumors of the end of the week of the Sun 24 Hours on the basis of which the board of directors of the institute, set for tomorrow, and called to approve the accounts in the third quarter, should also discuss the new “action plan” to 2018. Speaking of the launch of a securitisation collateral (Gacs) of 1.5 billion euros of non-performing loans on the total of 2.6 billion burden on the group. The financial daily also reports of a hypothesis of internal reorganization that could lead to 300 redundancies out of a total of 4,100 employees.

Automotive net progress with FCA (+5,22%) that most salt of the sector: the index EURO STOXX Automobiles & Parts score +2,2%. The fund is supported by Ford (+2% on the NYSE) has notified for the month of October, a 14% improvement on an annual basis, of the total sales in China.

Ferrari (+6,77%) and a net upward after the good data on a quarterly basis. The house of Maranello has revised upwards the prospects for 2016, as follows: deliveries: approximately 8,000 units, including the supercar; net revenues: >euro 3 billion; adjusted EBITDA: around € 850 million (up from ? euro 800 million) of debt net industrial: <€ 700 million (down from ? euro 730 million).

Sale Brembo (+4,73%), which stores the first nine months of 2016 with a growth in revenues of 10.6% to €1.713,7 million (+11,8% at constant exchange rates and perimeter), EBITDA up 26.3% to €337,1 million, EBIT +share of 37.8% to €254,1 million, net profit +40.9% of €186,2 million. The orders portfolio confirms a good growth in revenues for the remaining part of the year and allows the group to look to the coming months with cautious optimism.

In very good shape, the sector managed savings with Azimut Holding (+2,52%), Banca Generali (+3,91%), the Soul Holding (+3,18%). Salt Banca Mediolanum (+2,08%) after the publication of the results of the activities of the “Comprehensive Assessment” carried out by the ECB: Asset Quality Review has examined the “Risk Weighted Assets” without identifying any type of impact, the Stress Tests projected to the end of 2018 an Adjusted Common Equity Tier 1 capital Ratio of 27.5% in the scenario “base”, against the required threshold of 8%, and 17.7% in the scenario “against”, against 5.5% minimum imposed by the regulations.

(Simone Ferradini)