European stocks up slightly on Shanghai's gains boosted by capital injections. Wall Street will be closed today for the President's Day holiday Milan Stock Exchange +0,5% in the middle of the day finally manages to overcome the psychological threshold of 25 points. More modest earnings than Paris + 0,2% Frankfurt +0,22% and Madrid + 0,31%.
The Coronavirus emergency continues. There China's central bank has launched other measures – rate cut and liquidity injection – able to lend a hand to companies that have to recover the weeks of production lost. Tonight the leaders of Singapore, hit hard by the collapse of tourism, cut their GDP growth forecasts but announced measures to contain the slowdown, based on the budget deficit, which they themselves defined, as powerful "as a tsunami".
Il Auto show scheduled in Beijing towards the end of April it was postponed due to the coronavirus epidemic. The organizers of the event announced it.
Il Petroleum Brent is down slightly to $57,3 after 4 consecutive days of gains, North Sea crude gained 5,2% last week. Eni e Saipem they're up about 1%.
While waiting for the Eurogroup, which is also attended by the president of the ECB, Christine Lagarde, theeuro it is up slightly against the dollar to 1,084 (+0,13%). Smooth gold.
The Btp moved little at 0,91% (+2 basis points). Giuseppe Conte denies that the government crisis is imminent after the clash with Matteo Renzi on the issue of prescription.
Ubi Banca advances in Piazza Affari by +3,8% to 3,435 euros before the presentation of the business plan to 2022.
The titles of other institutes also rose: Unicredit +1% at 14,068 euros
Recommended nexi (+4,47%), best blue chip of the day.
Gain of more than one percentage point for Recordati +1,7% and Pirelli +3%. They also go up Fiat Chrysler e Ferrari both over 1%.
Still in the spotlight Atlantia +0,39: the question of the concession to the subsidiary Autostrade per l'Italia will not be on the agenda of a council of ministers to be convened for tomorrow, as Prime Minister Conte said. According to the Minister of Infrastructure, Paola De Micheli, the government has not yet taken a final decision on the possible revocation of the concession. Florentino Perez, president of Acs, looks with interest at the stake in Hochtief, in case the Benetton finance company should be forced to raise cash following the loss of the motorway concession in Italy.
Brake instead Cattolica Insurance -0,4%; the board of directors unanimously expressed a negative opinion on the proposal of five shareholders to amend the Articles of Association.
Worth noting:
General Bank +0,8%. Consolidation between networks of promoters is unlikely "due to a theme of evaluations among the large operators and very different business models" observes the CEO Gian Maria Mossa in an interview.
Cerved +2,3% announced on Sunday that it had granted an exclusivity period to Intrum Italy to negotiate the sale of the Credit Management division.
Still on the rise Tinexta + 3,2%. Cleansing salt by 9,65%.
