There is a large green field where hopes are born: it is the global markets, which trust in vaccines, bet on the recovery and experience the eleventh session on the rise. European stock markets are no exception and closed with progress, after the records recorded on Friday by Wall Street and the top since 1990 reached this morning by the Nikkei, galvanized by a 3% growth in Japanese GDP in the fourth quarter of 2020, which suggests a rebound in V of the economy. Today the US stock exchange is closed for President's day. Chinese squares are also celebrating the Lunar New Year (which will reopen on Wednesday).
Investors are filled with confidence by the expected US fiscal stimulus, oil increases, but also the vaccination campaign that seems to work where it is more extensive. The UK has already administered the first dose to 15 million and more people, even if Boris Johnson wants to go easy on the easing of anti-contagion restrictions. It is precisely to drag the price lists of the Old Continent London, which jumped 2,58%, supported also by data reported on Friday by the central bank, which revealed that the UK managed to avoid a relapse into recession with growth of 1% in the fourth quarter and 1,2 .XNUMX% in the month of December alone. It is appreciated GBP against the euro and the dollar. The cultural, between the single currency and the greenback, it moved little around 1,21.
She's more cautious Frankfurt +0,45%, but progress is consistent a Paris + 1,45% Madrid + 1,86% Amsterdam + 1,23%.
Business Square gains 0,83% and rises to 23.604 points, while the spread it is stable at 91 basis points (-0,25%) and the 0,52-year BTP rate is up slightly to +XNUMX%. Nothing that undermines the honeymoon with Mario Draghi, after the Prime Minister over the weekend dissolved the reserve, took the oath and, at the end of a skilful technical-political weaving, appointed the ministers of his government. The programmatic speech and confidence are expected on Wednesday, while the team of undersecretaries and deputy ministers is being completed.
However, the troubles for the new executive have already begun, with the decision of keep the ski resorts closed until March 5th. On the other hand, as the president of Bank of Italy Ignazio Visco claims, Draghi does not have a magic wand and the Italian situation is not simple. As of 31 December 2020, public debt reached 2.569,3 billion (134,7% of GDP), against 2.409,9 billion the year before. There is so much work to be done to keep health and growth together. According to the Moody's rating agency, the Draghi government is "improving" Italy's prospects for an "effective use of European funds", but the "long-term challenges" remain. For Equita sim: "although the risk for Italian public finances remains high, the appointment of Draghi as prime minister, his international credibility and the ECB's continued support for purchases drastically improve Italy's risk profile and could shift capital flows on the country and on Europe”. According to the brokers, the spread, which has already decreased by more than 25 points, should continue to fall.
Draghi effect aside, today Piazza Affari sees all the stocks in the oil sector in great shape: Tenaris +5,91%; Saipem +4,86%; Eni +2,75% all three on the podium of the Ftse Mib. Well too Maire Tecnimont +2,85% and Saras + 5,6%.
The sub-fund benefits from the rise in black gold, supported in turn by tensions in the Middle East between Yemen and Saudi Arabia, by optimism on the new fiscal stimulus from the Biden administration, by the hope of an easing of the lockdown measures in the USA and in the world. On Thursday, the President of the United States announced that he had reached an agreement with Pfizer and Moderna for 200 million more vaccine doses, for a total of 600 million, which will be enough to cover the national needs. Brent crude rose by 1,4% to 63,30 dollars a barrel.
Returning to Piazza Affari, Telecom it appreciates by 2,45%, in the wake of the stellar performance of the shareholder Vivendi (+19,6%) in Paris. The French company is driven by its intention to distribute 60% of the subsidiary's capital Universal Music Group to shareholders, as a "special dividend", with the subsequent listing of Umg on the Amsterdam Stock Exchange. The Vivendi board also proposes the distribution of an ordinary dividend of €0,60 per share for the 2020 financial year.
Italian banks are bubbly, waiting for a hot season of news and weddings. Raise your head Unicredit +1,1%; tonic Mediobanca +1,73% and Understanding +1,03%, on which Jefferies analysts increased the target price from 2,3 euros to 2,45 euros, after the release of the 2020 results; the experts confirmed the indication of buying the shares. Ps however, it loses 1,39%.
On shields Leonardo + 2,54%.
Sales penalize A2a -1,12%; Prysmian -0,46%; Amplifon -0,69%; Ferrari -0,127%.
