Banco Bpm still a superstar, +3,75%, on an uncertain day for the Milan Stock Exchange and for all the other European markets. The Ftse Mib closes at +0,08%; on the podium Madrid, +0,18%; negative Paris -0,14; Frankfurt -0,13%; London – 0,07%. Spread recovering in a session with rather limited volumes. The abundance of new paper linked to French and Spanish placements in the morning weighs on the Italian secondary market: the 1,96-year rate rises to 10% and in parallel the yield differential between Italy and Germany on the 169,00-year segment jumps up to 5,76 basis points (+XNUMX%).
Wall Street, in the middle of the day, travels at different speeds, in the wake of conflicting signals from the labor market: positive for the Nasdaq, fractional declines for the Dow Jones and S&P500. Euro recovering against the dollar, at 1,059 (+1,01%). Gold shines: +1,77%. Oil trimmed gains after lower-than-expected US inventories data, Brent at $56,45 a barrel (-0,02%).
In Piazza Affari, the rain of purchases continues on the third Italian bank, born from the merger of Banco Popolare and Bpm. After Moody's, which yesterday confirmed the upgrade of the stand-alone rating on the new institute, comes the promotion of Bofa Merrill Lynch, which has started hedging the stock with a 'buy' opinion and a target price of 3,4 euros (potential upside by 26%). Meanwhile, from the daily Consob notices, we learn that Norges Bank, the Norwegian central bank, holds 3,646% of Banco Bpm as of the effective date of the merger on 2 January. The latest available updates saw Norges Bank at 2,885% of Banco Popolare, on 11 November, and at 3,03% of Bpm on 7 April.
Well tuned Intesa +0,71% and Unicredit +0,36%. On Finecobank escudos +2,21%. Among the most popular titles Cnh +2,98%; Brembo +1,18%; Fiat +0,71%; Recorded +1,61%; Leonardo +1,03%. Nasty slide by Luxottica -2,95%; Telecom -1,4% and Ferrari -0,97% are down.
Mediaset flat. Il Biscione should meet analysts on January 18 in London. According to Radiocor it would be the presentation of the new three-year plan which will indicate the main strategic lines and targets of the television group with a horizon to 2020. There would also be expectations on the moves on pay-TV given the stalemate with Vivendi and the close deadline of the auctions for the assignment of football television rights for both the Serie A championships and the Champions League starting from the tournaments.
Cti Biopharma boomed, +18,1%, active in the acquisition, development and marketing of new therapies for the treatment of blood cancers, thanks to the lifting of the suspension of clinical trials on an experimental drug. Fincantieri did well, +3,49%, the only and best bidder for Stx France. Profit taken on Mondadori, -1,89%.
