Day of sales on the european stock Exchanges (here the trend of the main indices), including the exchange modest because of the festive mood. The price lists of the Old Continent, after having tried the upside in the afternoon you are heavy, also because the trend in light of Wall Street (which has closed in the negative territory, on the minimum in July; here the major indices in the Usa), where investors prefer to pull the oars in the boat waiting for the outcome of the presidential elections, scheduled for next week. For another, today began the two-day meeting of the Fomc, the operational arm of the Federal Reserve can make monetary policy decisions. But analysts assume that the institute Uses it wil l take time until December, pending clarification on the policy framework.
Meanwhile, in Japan, the central Bank confirmed its monetary policy, postponing, however, year-on-year target of achieving an inflation target of 2% set for fiscal year 2017. “The evolution of prices should be slightly negative or around zero for now,” said the BoJ in a note.
Milan has finished the session down by 1.32%. The spread between Btp and Bund has expanded to 158 basis points, updating the highest since last June, while the yield on the 10-year Treasury rose to 1.76%, a level not seen even a year, November 2015.
St and Cnh in deep red highlights Mediobanca
The list of the milanese has suffered the heaviness of some blue chips, such as Stmicroelectronics (-3,9%) and Cnh Industrial (down 5.3%), which have been affected by the pressure of the perform. The rest of the company, the italo-French in only three sessions, he had recovered about 20% of the value of the Stock exchange, celebrating the signs of improvement for the months to come, indicated by the top of the group. Cnh has paid duty in a series of reports unfavourable, that have focused the index on the context, not promising for the sector of agricultural machinery. Of the galaxy, the Lambs have gone wrong with the Ferrari (down 2.7%), while they have reduced losses to 1% Fiat Chrysler Automobiles (-1%), although it has emerged that the sales of the group in the States, in the month of October, fell 10%. If they have made the best of the market, Brembo, closing on parity, the Mediobanca are highlighted with an increase of 0,67%.
weak Banks, but still shines Mps in waiting for news on the anchor investor
Have gone wrong the actions of the banks, with Unicredit in the reverse of 1.7% and Intesa Sanpaoloolo of 1.23%. They have, however, made an exception to the weakness of the sector, the Banca Mps, the ascent of 0,74%, while it took the countdown to the shareholders ‘ meeting of November 24, the call to enact the recovery plan. In the meantime, the market awaits news on the existence of the anchor investor that wants to enter in the institution’s capital and in some of the details could emerge by the board of directors of tomorrow. Meeting in which will participate the ad, Marco Morelli in the conference call, from the moment that you around the world to explain the recovery plan of the Rocca Salimbeni. The tour of Morelli, in the past few days in Qatar, and will continue with the stages in Europe and the Usa, while according to rumors, is in preparation for an appointment in Singapore with Temasek, already a shareholder of Moncler. Today, the former minister Corrado Pa ssera has marched from the game, complaining about the closure of the top of the bank towards the proposal put on the table. “Three weeks from the meeting still was not able to start any depth, he explained, Flounder in a letter – ours was a serious proposal of a reorganisation and re-launch, which would have given a central role to existing shareholders. We have been denied the minimum conditions to proceed.” Passera reiterated that have from its part the “primary investors that had expressed interest the official already for 2 billion”. The board of directors of the institute, expressing regret, however, has pointed out that the proposal of Plaice was “formulated for the account of investors of which were not disclosed to the general and not yet ‘solidified’”.
Telecom slips on the end
were also highlight Telecom Italia, while slipping on the final of 0.13%, in expectation of the quarterly that will be approved by the board of directors of Friday. In the night were published the accounts of the period July-September of the brazilian subsidiary, Tim Participacoes, which has registered a net profit decline of 48% to 184 million reais, a figure still higher than analysts ‘ expectations. The Ebitda amounted to 1.27 billion, a decrease of 18% on the same fraction of 2015, while gross revenues totalled 5,62 billion, with a fall of 9.6%. Meanwhile, on the market we all waiting for accounts July-September the group headed by Flavio Cattaneo, who will be approved by the board of directors of Friday. Macquarie, betting on an improvement in numbers and performance of the group, has confirmed the recommendation of “outperform” on Telecom and has raised the target price on the shares at a euro 0.93.
Between the small flywheel Mediacontech and Tas
Outside of the basket the main, have flown 19% of the Mediacontech and 14.6% of the Tas, the latter, while the market rewards the path to the healing taken by the company, which in recent days has announced further improvement in its financial position, tested positive in September for 7,26 million, from 5,07 million at the end of August.
Euro rinconquista fee of 1.10 on the dollar, oil decline
On the front of the exchange rates, the euro strengthened on dollar share 1,1049 (1,0981 yesterday’s close). The currency is also 115,22 yen (115,10), while the dollar-yen is equal to 104,22 (104,82). In the fall, and finally, the price of oil (gold, Brent and Wti).
(Il Sole 24 Ore Radiocor Plus)
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