European stock exchanges still on the rise, waiting for the ECB. Atlantia takes off in Milan

Still positive trend for European stock exchanges, which recorded the third increase in a row after the slip on Monday. After all, the financial markets are experiencing an anomalous week: it started with a black Monday, then things improved together with the volatility that deflated (the Vix index had jumped to 24 points and then corrected in area 18). Well then the FTSE MIB of Milan, which returns to an altitude of 25,000 points, the CAC 40 of Paris, on DAX 30 in Frankfurt, theIBEX 35 of Madrid andAEX of Amsterdam. London lags further behind, with the increase in the number of infections.
Investors await the indications that will emerge at the end of the Governing Council of the European Central Bank to understand the future monetary policy moves. The institution will decide how to pursue the symmetrical inflation target of 2% over the medium term. The new Eurotower strategy will therefore take shape in the light of in-depth review of the Strategy Review. According to economists, the so-called forward guidance could be tweaked, a very powerful tool. Important US data on weekly unemployment claims are also scheduled.
The eyes also remain focused on the data relating to contagion from Covid-19 in various countries of the world. Futures on Wall Street are also positive, after closing up on the eve of the day. In addition, the yield on ten-year Treasuries stands at 1.29% after having pushed to a low of 1.13% in recent days.

Focus on Mediobanca, take Atlantia

At Piazza Affari they snap Atlantia e Stmicroelectron, the latter up after Texas Instruments posted higher-than-expected accounts overnight. The actions of Mediobanca, after it emerged that Pier Francesco Gaetano Caltagirone has 3% of the capital and other options to get to 5%. In recent weeks, Leonardo Del Vecchio had also increased his stake to approximately 19%. Among the banks, Banca Pop Er travel at a rapid pace like Unicredit e Intesa Sanpaolo. Spotlight also on Bank Mps, after it was announced that the Monte dei Paschi di Siena Foundation and the institute have entered into a preliminary agreement regarding the out-of-court requests referring, in summary, to the acquisition of Banca Antonveneta, the 2011 capital increase and the capital increases 2014-2015. The agreement, which will have to be approved by the MPS board of directors on 5 August, provides for the payment of 150 million euros and commitments on the enhancement of the bank’s artistic assets, compared to the initial request of 3.8 billion.

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Mediaset up, closing agreement with Vivendi

Mediaset up on the day of the final act of the clash with Vivendi. After the detachment of the dividend, it is on the day of the closing of the transaction which, after five years of clashes in courts across Europe, saw the shareholders sign an agreement on May 3 for the gradual exit of Vivendi from the Mediaset capital over five years (the agreements also provide for the sale of the stake held by Simon , the trust company in which Vivendi had to segregate its shares in Mediaset). In the agreement signed by Chiomenti (Fininvest), Cleary Gottlieb (Vivendi) and with the Erede studio to represent Mediaset, it is expected that Vivendi, which will remain with a 4.61% stake after directly selling its remaining 5% to Fininvest , will have the right to sell the entire stake at any time if the price of the Mediaset share reaches € 3.20.