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European stock markets at the beginning of the negotiations are trying to recover. After the decline in the eve and the negative closure of Tokyo this morning, the rise recorded by Wall Street and the agreement in Germany that saved the government of Angela Merkel, the Ftse Eb gets up slightly on Piazza Affari , as well as the Ftse All Share. The Cac40 in Paris is positive and the Dax30 in Frankfurt is even better (follow the European indices here). German Chancellor Angela Merkel and Interior Minister Horst Seehofer have concluded a compromise agreement on migration policy, ending a crisis that, pushed to the extreme, could have led to the Grand Coalition and led to Germany to new elections.
Migrants, agreement Merkel-Seehofer saves the German government. Transit centers for secondary movements
In Milan good Banco Bpm, still sales on Recordati
At Piazza Affari in evidence Banco Bpme Unicredit. The purchases also reward Moncler, Stmicroelectronics and Finecobank. Still negative for Recordati (-0.70% to 29.71 euros), still higher than the price of 28 euros Opus announced by the US private equity firm Cvc. The stocks of the pharmaceutical company in recent weeks had reached highs of February at 34-35 euros. On Friday, in the closed markets, the Fimei holding company and the Cvc fund announced the transfer of 51.8% of the capital of Recordati for about 3 billion euros. The completion of the transaction, subject to antitrust authorizations, expected in the fourth quarter of 2018 and followed by a public offering. The IPO price of 28 euros could be revised downwards in case of significant correction of the markets before closing, indicated as a reduction of at least 20% of the Ftse Eb: in this case the price of the offer would be aligned with the one recognized in Fimei also considering the deferred payment portion of the payment.
The car loses more than 7% of registrations in Italy in June
In red FCA after registration data in June
Under the FCA parity, the day after the publication of the data on registrations in June, which recorded a decline in the Italian market and the group. In particular, in June, 174,702 cars were registered in Italy, a decrease of 7.25% compared to the same month of 2017. The contraction of the whole of the first half was significantly less contained, with 1,120,829 registrations, a drop of 1.45%. The consequences of this choice were the declines in FCA registrations of 19.3% in June and 9.07% in the first half. The Italian group's market share increased from 28.53% in June 2017 to 24.81% in June. Excluding FCA Group data, the Italian market increased slightly in the first half (+ 1.71%).
Safe Bag celebrates a contract in Brazil
Among other titles, the Safe Bag jump, which earns more than four percentage points, after the company, active in protection services and baggage screening for airport pbadengers, signed a 7-year contract for the provision of its integrated service offering for travelers to RIOgaleao – Rio de Janeiro International Airport
The euro returns above $ 1.16, current oil and falling spreads
On the currency front, the single currency recovers and changes hands at $ 1.1563 (1.1959 the day before) and at 129.493 yen ( 128.44), while the greenback is worth 111.106 yen (110.77). Meanwhile, the gap between BTp and the Bund began to fall. The yield differential between the ten-year Italian benchmark (Isin IT0005323032) and the German maturity early in the session is 232 basis points, down four points from yesterday's close. The yield on 10-year Italian bonds is also reduced by 2.65% against 2.67% of the latest benchmark. Finally, the Wti oil has risen sharply: the August delivery contract has risen 0.93% to 74.63 dollars a barrel.
Tokyo closes in red (-0.12%), still fearful of trade war
After falling more than 2% recorded yesterday, it closes the Tokyo Stock Exchange following other Asian financial centers. Fears of a global trade war weighed on the bargain. At the end of the session, the Nikkei lost 26.39 points (-0.12%) and closed at 21,785.54 points. The index, initially up 0.32%, has gradually lost ground. The broader Topix index yielded 0.15% (-2.49 points) and closed at 1.6692.80 points.
(Il Sole 24 Ore Radiocor Plus)
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