FIAT +13,2% RUNS LONELY. CAREFUL BAGS. BTP AT 3,99%, AND THE SPREAD FALLS TO 204 BP
The race explodes Fiat +13,29% on the wave of the agreement with Veba to take over 41,4616% of Chrysler in the hands of the Uaw union pension fund: an operation worth a total of 4,35 billion dollars which will bring Lingotto to 100% of the US group without capital increases. Now the market is already looking at the next move: the listing of the entire new group. Also the parent company Exor is up 4,29%.
The price lists are conditioned by data on manufacturing activity. The Italian PMI is good, rising more than expected in December. The German data is weak, the French one disappointing. In Piazza Affari the Ftse Mib index +0,06% is practically unchanged at 18967. In Frankfurt the Dax index loses 0,39%, in Paris the Cac 40 gains 0,47%%. Madrid marks an increase of 0,15%.
The start of 2014 for government bonds was more positive. The yield on the 10-year BTP fell to 3,99% for the first time since the end of May 2013, with a spread on the Bund at 204 basis points.
Among the insurance companies, Fondiaria Sai rises by 3,67%. The deed of merger by incorporation of Unipol, Milano Assicurazioni and Premafin into Fondiaria Sai was stipulated on 31 December, which will take on the company name of “UnipolSai Insurance“. The merger will be effective from 6 January. Generali -0,53%.
So-so banks: Understanding unchanged, Unicredit + 0,56% Banca Popolare di Milano -1,2% Where's Banca -0,69%. In the luxury sector they are flying to record levels Yoox +3,67% and Moncler + 3,8%. sapphire + 4%.
Finmeccanica -1% after the news that India has agreed to resort to international arbitration on the agreement for the supply of 12 AgustaWestland helicopters. Among the utilities, Enel is down by 0,95%%: in line with the performance of the Stoxx index of utilities: the decline in the German stock weighs on this segment Rwe. Instead, they trade in negative territory Tod’s which loses 1,32%, Saipem-0,64% and Campari -0,74%.
