Piazza Affari closes in red, Atlantia in evidence

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After a positive first part, the Milan stock exchange today closed with a minus sign in the wake of the start of trade on Wall Street, penalized by the Federal Reserve’s decision to limit the proceeds to bank shareholders and by the new daily record of virus positives.

Because of the pandemic numbers, several governors, including those from Texas, North Carolina and Louisiana, have decided to block the reopening plans.

During the first part, positive indications came from the ECB. Christine Lagarde said on her occasion (electronically) at the Northern Light Summit that the worst of the block economy could be behind now and recalled the work done by the central banks (ECB, Lagarde surprise: the worst could be behind us).

At the close of trade in Europe, the Euro-dollar changed hands at 1.12070 (-0.09%) while the September delivery future on the Brent retreated to 40.57 dollars a barrel, -1.3% compared to previous data.

Milan Stock Exchange Today, update at 17:40: Ftse Mib negative, Atlantia in evidence

In Milan, the Ftse Mib closed the week at 19,124.36 points, -0.57% compared to the previous figure. In particular, it highlights the performance of Atlantia (+ 1.79%) in the wake of the optimism surrounding the negotiations with the government on the motorway concession.

Money on Hera and Terna, up by 0.85 and 1.17%, while among the bankers -0.87% of Ubi Banca after the go-ahead by Consob at Intesa Sanpaolo’s Ops (-1.47%) , leaving next July 6th.

On the day of the semi-annual Bot auction, placed with a yield of -0.224%, 24 basis points less than the previous auction, the spread, at 180 points, did not record any significant changes.

Piazza Affari, update 1 pm: assembly day for FCA

Halfway through the session, the blue chip index of Piazza Affari, the Ftse Mib, changes hands 19,496.82 points, + 1.36% on the previous figure while the spread with German stocks, it recorded a red of one and a half percentage points at 178 basis points.

Among banks, Intesa Sanpaolo rose by 0.87% after Consob’s go-ahead to the offer on Ubi Banca (+ 0.85%). The offer will start on July 6th to end on the 28th of the same month (Merger Agreement-UBI: go-ahead by Consob, the OPS starts on 6 July).

Letter on Telecom Italia (-1.09%) after the “sell” made yesterday by Goldman Sachs. Among other judgments, Société Générale promoted Cattolica (-1.12%) to “hold”. “Hold” also by Hsbc on Enel (+ 1.15%), but this time it is a downgrade.

On the day of the meeting, Fiat Chrysler rose 0.9%. + 3.61% of Atlantia in the wake of theoptimism surrounding the negotiations with the executive.

Future Wall Street: planned opening in red

After the purchases unleashed yesterday by the indiscretions reported by the Wall Street Journal on the possible revision of the Volcker Rule, today, June 26, 2020, the lists on Wall Street should open in decline.

Two and a half hours after the start of trading, the derivative on the Dow Jones recorded a -0.65%, that on the S & P500 fell by 0.5% and the future on the Nasdaq lost 0.3%.

Piazza Affari, update at 9:25: the FCA assembly today

In Milan the blue chip index, the Ftse Mib, in the first exchanges of today’s session, 26 June 2020, changes hands to 19,350.60 points, + 0.6% on the previous figure.

Start of session with the plus sign also for Dax (+ 0.56%), for Ftse100 (+ 0.91%), for Cac40 (+ 0.9%) and for Ibex (+0.33 %).

In the opening session, the spread with German securities shows a red of 0.8% at 179 basis points.

In terms of individual performances, Intesa Sanpaolo rose 0.28% after the go-ahead from Consob to the offer on Ubi Banca (+ 1.32%). The offer will start on July 6th to end on the 28th of the same month (Merger Agreement-UBI: go-ahead by Consob, the OPS starts on 6 July).

After the almost +40 percentage points recorded yesterday, Cattolica shares start with a -0.4%. According to the rumors published today by the newspapers, in addition to Generali (+ 1.02%), the operation of entry into the capital had also been proposed to Unipol (+ 0.47%), Vittoria Assicurazioni and Allianz.

Leone’s move would be defensive and some Italian partners, such as Del Vecchio and Caltagirone, report the well-informed, they would have expressed their opposition.

As for the judgments, Société Générale promoted Cattolica to “hold”. “Hold” also by HSBC on Enel (+ 0.35%), but this time it is a downgrade.

On the day of the meeting, Fiat Chrysler went up 1.04%. Yesterday the PSA CEO confirmed his willingness to move forward in the merger and reiterated that the operation will trigger synergies for 3.7 billion euros.

Wall Street trend: Financials show muscle

As for the Wall Street indices, the Dow Jones scored + 1.18%, the S & P500 closed with + 1.1% and the Nasdaq rose 1.09%.

The rumors reported by the Wall Street Journal on the possible revision of the Volcker Rule allowed Goldman Sachs to close with a + 4.59%, JPMorgan to mark a + 3.49%, Morgan Stanley to advance by 3.92% and Citigroup to rise 3.68%.



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https://www.money.it/Borsa-Milano-Oggi-26-giugno-2020-Wall-Street-Volcker-ftse-mib

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