Monday, November 7, 2016

Wall Street part sprint, bet on victory for Clinton. Milan fly the Mps – The Sun 24 Hours

Start of the sprint to Wall Street (watch here the main index) , so it encourages even more of the european financial markets, well-set from the first bars of this morning. Investors are betting that Hillary Clinton will win the U.s. presidential elections tomorrow. According to the experts, Wall Street might today celebrate with the best session from the 12th of September last. Meanwhile, for the S&P 500, this is the first day to the upside after nine in a row in decline, the time series negative longest since December 1980. The market has regained confidence yesterday, when the Fbi announced to the Congress that there is no basis to indict the candidate of the democratic for its management via ema il of top secret material when he was secretary of State. Two days before the elections, the federal police has so removed a cloud of uncertainty descended on Clinton, and on the markets on the 28th of October last, when the director of the Fbi, announced a surprise to the american legislators, the discovery of e-mails that could be “relevant” in the context of the investigation – closed last July without any prosecution – on the use of an e-mail account and private servers from Clinton when he was head of the diplomacy of the Usa.



Reverse Fbi: exonerates Hillary Clinton on the eve of the vote

Milan has the best performance with a rise of more than 2% guided by the bank but also by some of the companies that have submitted accounts are as brilliant as the Ferrari and Brembo.

The u.s. dollar lose shots against the mexican peso

It is in part resized the drive of the dollar that remains in the strengthening of the position of Friday evening: the greenback remains below 1.11 to the euro (1,1070 after a minimum 1,1048) and prezza to 1,2428 for a pound (1.25 a Friday night). The strengthening of 0.4% against the japanese currency to 104,27 yen. The currency of the United States slides back instead against the mexican peso (1.9% 18,67 weight of the dollar): the prospect of a strong negative effect on trade relations between the two Countries in case of victory of the republican candidate had sunk in recent weeks, the currency in mexico last week, she had again crossed the quota 19.

In Milan bounces Mps after the -40% in two weeks

Bounce to two digits for the Mps, thanks to the return of purchases for the entire banking sector for the Italian and european (+2.4% Eurostoxx600 of the fund). From the approval of the industrial plan and of the quarterly, on the 24th of October, the actions of Siena had surrendered a total of 39% (-19% in the last week) because of the high risk of project execution of the recapitalisation, at least according to the ratings of analysts, it is added, in the meantime, the withdrawal of the proposal advanced by former banker Corrado Passera for the intervention of new investors and the growing uncertainty about the outcome of the constitutional referendum in Italy, with its possible repercussions on the seal of the government Renzi. Over the weekend, attention has shifted, however, on the



Mps, members launch Falciai to the presidency

the dissolution of the knot of the presidency of the Mps after the resignation, announced in September by Massimo Tononi. On the initiative of the Mps Foundation in the application that will be proposed to the shareholders in the shareholders ‘ meeting of 24th November was that of Alessandro Falciai, who is currently a member of the institute, with a share of 1.8%, and on the board of directors as well as chairman of the nominating committee. “We are pleased with our role as a facilitator,” he told Radiocor that the president of the Mps Foundation Marcello Clarich, emphasizing the role played by the Institution in formulating the proposal that has met with the consent of the other members in the stable of the bank of siena.

all Eyes are on the debut of Italgas

To hold the counter the onset of Italgas, 4,06 euro, after the spin-off by Snam rete Gas, the latter falls by about 15% following the operation, but the current price is higher than the “adjusted”, 3,7894 euro, after the separation of the subsidiary. The debut, from the first negotiations, can be considered positive given the trend to a combination of the two securities (one of the parent Snam rete gas and that of the newcomer Italgas). The transaction took place with a proportional spin-off that has seen assigned to shareholders of Snam action Italgas for every 5 Snam held: the value of the “aggregate” of Snam+Italgas amounts therefore to 1.5% above the closing price of Snam on Friday(4,58).
Above all the value of Italgas, is in the upper part of the expectations of the analysts: according to the calculations of Equity, the enhancement on the closing prices of Friday was 3.7 euros for Italgas and 3.8 for Snam, while, according to another broker expecta tions in the pre-opening were 3.75 Snam and 3.9-4 euros for Italgas.

Brembo is among the best after the quarterly
Reach for the Brembo after the presentation of the quarterly accounts
that are basically in line with analysts ‘ forecasts, with the net result that exceeds the predictions. In the third quarter, the group of bergamo, specialized in brake systems, generated revenues equal to euro 566.8 million (+11,1%), an ebitda of 110,6 million (+20.3%), while net profit grew 37% to 59.1 million compared to the same quarter of 2015. The consensus, says an analyst, estimated the revenues of 569 million, the ebitda of 109 million and net income of 59 million.

Redemption Agreement on effect accounts, confirmed dividends on the 2016
If Friday the effect that the accounts had been cleared by the anxiety of the
operators on the american presidential election, the start of the week is more serene on the financial platforms allows Intesa Sanpaolo to benefit from the quarterly above expectations and be among the best titles of the Ftse Mib index.
The group closed the third quarter with a net income of 628 million, a decrease of 13% compared to 722 million in the same period of last year. The data is better than expectations of analysts that pointed to a
net profit of 563 million euros.

Turnabout of the spread Btp/Bund in area 155

The spread between the yield on ten-year government bonds of Italy and Germany, having opened in different areas of 160 basis points, is adjusted at 155. The movement is mainly related to the sales on the Bund, with a consequent increase in the yields on the German title, but also partly to the decline (from 1,75% 1,71%) of the performance of the Btp.

(Il Sole 24 Ore Radiocor Plus)

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