At the end of the morning, a climate of expectation prevailed on the European stock exchanges for the outcome of the directorate ECB. In Milan, the FtseMib index gains 0,1%. Frankfurt loses 0,1%, unchanged Paris. London rises +0,5% under the effect of the words of Mark Carney, the governor of the Bank of England who has not ruled out a forthcoming increase in Qe.
At 13,45 pm the statement will be issued in which (probably) it will be announced that rates will remain unchanged and at 14,30 pm the president will Mario Draghi he will speak at the press conference: indications are awaited on the central bank's next initiatives to counter the slowdown in the economy and boost inflation.
In the meantime, purchases continued on government bonds. The 1,06-year yield falls to 1,07% (yesterday 3%), 2 basis points from the recent all-time low. New all-time low for yields on 5- and 0,14-year BTPs at -0,16% and +XNUMX% respectively.
Up the crude after the sharp drop in US inventories. Brent gains 1,5% to 48,7 dollars a barrel, while WTI gains 1,8% to 46,3 dollars.
Oils rise: Eni + 0,3% Saipem + 0,4%.
It's not good for Poste Italiane -1% the indiscretion that the company led by Francesco Caio is interested in buying Pioneer from Unicredit +1,2% (request for 3 billion euros). The Ministry of the Economy could announce that it will postpone the placement of 2017% of Poste's capital to 30. Goldman Sachs downgraded Poste's recommendation to Neutral from Buy.
Robust rebound of Mount Paschi +3,6% following Morgan Stanley's promotion to Equal Weight from Underweight.
Among other banks, Understanding + 0,9% Popular Bank +0,4%. This morning Morgan Stanley raised the target price to 2,40 euros from 2,30 euros, confirming the Equal Weight recommendation.
Among the insurance companies, Generali is positive +0,6%. Unipol +0,5% benefit from the Buy of Cheuvreux.
In industry weak Fiat -1,1% and Ferrari -1,5%. Flat StM and Leonardo.
Featured prominently in luxury Ferragamo + 2,5%.
Also on the catwalk Leo Movie +2,4%: the company will participate in the production of Spielberg's next film.
