It picks up speed Business Square +0,5% above 20.600 around 13, sopra The other markets Europeans. The uncertainty of the markets depends on the numerous geopolitical fronts at stake, starting from no agreement on nuclear disarmament between Donald Trump and North Korean dictator Kim Yong Um, which he called "a nice guy". The bad signals coming from the economic situation from China and Japan also weigh, but even more so are the reactions to testimony of Michael Cohen, former personal attorney and handyman of the president than in a deposition under oath he accused among other things Trump to be "a scammer", "a liar" and a «racist”, producing among other things copia of the check of president to silence the ringer Stormy Daniels.
Frankfurt and Paris drop by 0,1%. In the French list it goes up Vivendi + 3,5 % after is Reuters reported that KKR and the Chinese Tencent they are evaluating to throw aFreea for over half of the Universal Music division, a bargain potentially worth €20 billion. Madrid +0,3%.
Rthe fall of London -0 is obtrusive,6%. ll British Parliament rejected the alternative Brexit plan tabled by Corbyn's Labor Party, which will henceforth officially back a second referendum "in order to prevent a negative Conservative Brexit or a no exit deal that would be disastrous." The pound weakens to 1,328 against the dollar.
IThe yield of the ten-year BTP yes è atteststo to 2,774% from 2,787% at yesterday's close, after falling to 2,71% on Tuesday, the lowest since early February. The spread on the similar maturity of the Bund si tightens to 262 basis points from 264 at yesterday's close, when it dropped to 259 basis points, the lowest since the end of January.
Sccording to provisional data from Istat, the index was in February Nic in consumer prices recorded a variation of +0,2% on the month and 1,1% on the year. Brent oil is down 0,7% at $ 65,9 after the sharp decline in the Chinese economy. Iyesterday, also due to the sharp decline in US strategic inventories, North Sea crude ended up almost 2%.
Saipem +5,3% at 4,58 euros è the star of Piazza Affari: the group of the oil equipment closed on fourth quarter of 2018 with 242 million euros of adjusted Ebitda, slightly below the estimates of the Bloomberg consensus. It's the Ebit, equal to 117 million euros, was slightly better. At the end of 2018 the debt was equal to 1,16 billion, one hundred million euros less than the analysts' estimate. The company expects to end 2019 with more than €900 million of adjusted EBITDA. L'ad Stefano High said this morning that the company longed considering issuing a green bond, even if they are not there short-term need to return to the capital market.
The accounts have also given wings to Geox + 18 %. Following the Kepler budget results-Cheuvreux has decided to upgrade the judgment to Buy from Hold, bringing the target to 1,80 euro from 1,30 euro. The company closed 2018 with a net loss of 5,3 million, but excluding extraordinary costs, the result was positive for 2 million, a figure that compares with the 22,8 million profits recorded a year earlier. Slow down on the day of accounts Moncler -1,2%.
The banks are solid: the sector index rises by 0,9%. Well Ubi Banca +1,6%, positive too Unicredit +1,7% and Understanding +2,3%.
Bper Banking little move on the day of the presentation of the business plan. The institute it expects to reach 2021 million euros in net income in 450, corresponding to an average annual growth of 7,1%. The strategy includes il cost cutting (-2,6% annual average) and maintenance of revenues at current levels. In 2021 the Common Equity Animal 1, all inclusive, is estimated at 12,5%
Generali + 0,5 % is considering, together with two partners, an investment in Santander's bancassurance business. THEn climb managed savings: Azimuth + 2,3% Fineco Bank + 0,9%. It bounces Pirelli +1,24%, which recovers partially yesterday's bad session following the rumors according to which ChemChina may in the future reduce its own quote.
Out of the main basket: Mayor Tecnimont +4%, received a 65 million dollar order from Saudi Arabia: the contract involves the construction of a plant for the production of polypropylene Isagro +4%. Negative Astalls -2,7%.
