Financial stocks push down Piazza Affari, -0,15%, in a sluggish day for the European stock exchanges, with Frankfurt (+0,6%) more tonic, also thanks to Deutsche Telekom ready to go shopping in the USA. Positive Madrid, +0,28%; Paris flat -0,05%, London unchanged where Unilever's slump weighs (-6,56%) due to the withdrawal of the offer by Kraft. Instead, no inspiration comes from Wall Street, which is closed for holidays.
The euro/dollar ratio was stable: (+0.01%) at 1,062; Brent appreciates +0,3%, 56,12 dollars a barrel; gold at 1.238,13 dollars an ounce (+0,25%).
The spread in the morning looks ready to bite hard, getting back above 190 points, but then muzzles. In closing, the differential between Italian and German ten-year bonds marks +1,13%, 187.60 points, yield 2,18%. A trend that reflects the many uncertainties of the moment, starting from the political ones, with the Democratic Party in the middle of a difficult ford and Standard and Poor's warning: Italy is embroiled in a situation that could turn 2017 into a year lost for as for the reforms, which it needs. Furthermore, the blanket of accounts is always short. “The adjustment is structural – argues Minister Pier Carlo Padovan with regard to the maneuver of 3,4 billion euro requested by the EU – therefore, even any improvements in the estimates, which can moreover be foreseen, have no impact on the adjustment”. Minister Graziano Delrio for his part underlines that Alitalia's problems are serious. At the top load: consumer confidence in the Eurozone falls. In the meantime, the Eurogroup is discussing the rescue of Greece in Brussels and President Jeroen Dijsselbloem announces that the finance ministers have reached an agreement to prepare a definitive agreement with Athens (+1,01% for the Hellenic Stock Exchange).
In Milan financials are particularly weak: Counter Bpm -2,44%; Mediobanca -0,93%; Generals -1,41%, that on Friday purchased 510 million ordinary shares of Intesa (-0,18%), equal to 3,04% of the bank's capital; Unicredit -1,16%; Bper -1,07%. A session to forget for Poste -1,57%.
Purchases reward Stm +2,11%, best blue chip, which formalized a collaboration with the company Sequans Communications, leader in LTE for Internet of Things (IoT) chipsets. Positive session for Terna, +0,96%, which presented the new 2017-2021 strategic plan, announcing investments for the development of the electricity grid for 4 billion in 5 years, up 30% compared to the previous plan.
Industrialists did well, with Buzzi +1,2%; shining Fiat +1,41%. Among the oil companies, Eni stands out +0,92%, while Tenaris falls -1,01%. Luxury is doing well with Moncler, +1,24%. The queen of duvets will announce her financial statements at the end of February, while last Friday, Goldman Sachs analysts raised the target price to 23,5 euros, confirming the "buy" valuation.
Outside the main list it still stands out Bologna airport, with an increase of 11,4%. Astaldi also shines, +3,48%, supported by the victory, in consortium with other companies, of the tender to build the Menemen-Aliaga-Candarli motorway in Turkey.
