Square Business under the parity: the Ftse Mib -0,31%. Petroleum in red bank uncertain, shine MPS and Azimuth – Print

Square Business under the parity: the Ftse Mib -0,31%. Petroleum in red bank uncertain, shine MPS and Azimuth

Square Business under the parity: the Ftse Mib -0,31%. Petroleum in red bank uncertain, shine MPS and the Azimuth.

The Ftse Mib index marks -0,31%, the Ftse Italy All-Share change-0.31%, the Ftse Italy Mid Cap -0,42%, the Ftse Italy Star at-0.29%.

european equity Markets uncertain: the DAX DOWN 0.2%, CAC 40 DOWN 0.2%, FTSE 100 +0.2% FOR the IBEX 35 down 0.4%.

a Few minutes after the opening of Wall Street: S&P500, By 0.3%, Nasdaq Composite Down 0.2%, the Dow Jones Industrial -0,2%.

Euro little moved against the dollar. EUR/USD is currently trading at 1,10560 about.

bond Markets, the eurozone, uncertain. The yield on the ten-year Bund is stable at 0.16 per cent., that of the BTP falls 2 bp to 1,70% (-2 bp for the Bono Spanish 1.24%). The spread falls 2 bp to 154.

Light petroleum products in the wake of the decline of crude oil: the future January on the Brent marks 45,80 $ /barrel (46,70 about this morning), the future December WTI 44,60 $ /barrel (45,25). Under pressure Saipem (down 2.2%) and Tenaris (-1,0%), more resistant Eni (-0,2%). In bending also the producers of the power cables Prysmian (-2,3%) and Nexans (down 2.7%).

Bank down after the rally yesterday, the FTSE Italia Banks marks a negative 0.6%, the EURO STOXX Banks by 0.3%. UniCredit (-2%) among the worst on rumors relating to the negotiations for the sale of Bank Pekao, and, consequently, the Pioneer. According to press rumors PZU, the insurance company controlled by the Polish State, and interested in acquiring Bank Pekao from UniCredit would like to insert in the transaction, Pioneer Pekao Investments, the division of the Polish Pioneer, then going to scompaginare plans of Amundi and Poste Italiane are preparing binding offers for the asset manager (the term for the presentation on Thursday, November 10).

Fly instead of Banca MPS (+7%) mainly driven by the intensification of the rumors of the intervention of the Qatar Investment Authority in the increase of the share capital of Rocca Salimbeni: the QIA could invest 1,0-1,5 billion euro. MF assumes that an agreement with the advisor, JP Morgan and Mediobanca will be reached by the end of the month. Also noteworthy is that Cerved Information Solutions (-2,1%) has submitted an offer for the purchase of the platform for the recovery of non-performing loans named Juliet. This last will manage approximately € 9 billion of npls in gross, that is, about one-third of the 27 billion that the Rocca Salimbeni deconsoliderà by means of securitization.

Great money on Azimut Holding (+6,8%) in the wake of the cancellation by the Bank of Italy of the group from the register of the SIM. Will thus be paid, starting from the 23rd of November, the remaining dividend of 1 euro per share (total €133 million). In addition, the regulatory capital is calculated only on an individual basis at the level of the SGR and the insurance company, with the consequent liberation of a large part of the heritage, which will be fully available to create value for shareholders through acquisitions, plans buyback and adequate dividend in the coming years.

Campari (+0,2%) low move in spite of the good data at September 30,: revenues amounted to €1.180, € 4 million (+3.1%, organic change +5,4%, organic growth of the brand to the global priorities +8,6%), with the acceleration of organic sales growth +6.1% in the third quarter, group profit before tax adjusted to €183,7 million (+3.2% yoy). the chief financial officer Paolo Marchesini during the conference call, however, has saidto the positive effect on profitability arising from the consolidation of Grand Marnier will decrease and will be inferred in the fourth quarter compared to the third.

Arnoldo Mondadori Editore (+6%) leaps forward after the exit of the data at 30 September: adjusted EBITDA 76.1 million, compared to euro 48 million in the previous year (+24% yoy on a comparable basis, i.e. without the consolidation of Rizzoli Books and Banzai Media), the consolidated net result amounted to +17.9 million euro (+11 million at equal perimeter) by 2.8 million in 2015. Improved guidance 2016: adjusted EBITDA expected to be in 35% improvement (compared to the previous estimate of 30%), on a comparable basis growth in double-digit (compared with the previous forecast high-single digit); the ratio NET debt/EBITDA expected now around 3.3 x compared to the previous forecast of 3.5 x or less (the covenant, the bank of 4.5 x).

with regard To the remaining appointments macroeconomic calendar today, we in the USA at 16:00 the index JOLTS (the labor market).

(Simone Ferradini)