2017 in Milan starts under the banner of the Bull and the Ftse Mib closes as leader in Europe at +1,73%, 19.559 points. Positive first session also for the Italian bond. Spread with the German 3,95-year down, -155.50% to 1,75 basis points; XNUMX% yield.
Leading the increases in Piazza Affari is Banco Bpm, which debuts with a bang: +9,08%, the most traded title by number of contracts. The new bank, born from the merger of Bpm and Banco Popolare, will receive an exciting welcome, despite the downgrading of Fitch and the uncertainties that still weigh on its future. Some stock market operators estimate that the advantages deriving from the merger will be considerable, while the board led by the chairman Carlo Fratta Pasini, meeting yesterday in Verona, has in the meantime assigned the proxies: two vice-chairmen, Guido Castellotti and Maurizio Comoli; ad, Giuseppe Castagna; general manager, Maurizio Faroni; co-managing directors, Domenico De Angelis and Salvatore Poloni.
The entire sector toasts with Banco: Bper +4,15%; Ubi +4,9%; Unicredit +2,56%; Mediobanca +2,13%. MPS opens the year in the same way it closed it, off trading, waiting for the public recapitalization plan to go through while, according to press rumors, it is evaluating whether to place a first bond shortly after the next holiday and a second in February.
Return in great dust, in the main basket, for Brembo +3,83%, which flies towards the historical highs. Still an upward trend for oil, in particular Saipem +4,49%.
As regards Eni, +1,1%, it should be noted that the six-legged dog is officially among the 29 companies that will be able to submit offers for projects in the oil & gas sector through the new Iranian Petroleum Contracts. Iran expects to attract investments of 200 billion dollars, with the aim of bringing production to 4,7-5 million barrels a day in ten years. On the shields Buzzi +4,49% and FCA +3,35%. Fashion rally: Yoox +2,52%; Ferragamo +2,45%; Moncler +1,63%; Luxottica +1,27%
Above the Mediaset point, +1,02% and the month promises to be hot for the Biscione, which should present the new business plan in mid-January. The next moves by Fininvest and Vivendi are awaited, but the theater of the battle will hardly be the stock market, because the first and second shareholder have stakes now at the limits of the takeover bid. According to some newspapers there would rather be a consortium of Italian shareholders ready to support the Berlusconi and oppose the French. A patrol of allies that would bring Fininvest's control over Mediaset to 51% of the capital. Mondadori's boom continues in the Star segment +9,31%.
Good ideas also from the other open continental markets (London and Zurich closed), thanks to the data on the manufacturing PMI of the Eurozone, which confirmed its growth, at its highest level since 2011. “It is positive to see good economic data in the first session of the new year, sentiment benefits from this and the market could reach new highs in the coming months”, comments Koen De Leus, chief economist of BNP Paribas Fortis.
Frankfurt stops at +1,02%, Madrid +0,71%, Paris +0,41%. No news from the western front because Wall Street is closed for holidays. The euro falls against the dollar: -0,46%, 1,047. Oil opens higher in New York, at 53,89 dollars a barrel (+0,22%).
