The European markets close without momentum, on the eve of the signing of the declaration "Europe is our future", on the occasion of the sixtieth anniversary of the first treaties, which will be celebrated tomorrow in Rome. Piazza Affari consolidates yesterday's gains, +0,1%, 20.188 points, with weak banks after the rally on the eve, supported by Stm, +4,3%, and Italgas, +3,59%. Among the stocks with smaller capitalization Stefanel shines, +47,4%, thanks to new financial partners and RCS, +11,7%, with Diego Della Valle rounding up his share in the publisher Del Corriere della Sera for 1,5 million euros.
The best place is Frankfurt, +0,20%, driven by Infineon (+9,35%), growing on balance sheet and forecasts. The German market also strengthened after the upward opening of Wall Street, even if the American stocks are about to end the worst week since the election of Donald Trump. Yesterday they turned negative in the second part of the session, with the postponement of the vote on the health reform. Today it repeats itself, but, hopefully, with a different ending. The Tycoon has set an ultimatum: either his proposal passes or Obamacare remains in force and we will think about something else, In the first hours of trading, it is above all the technological ones who dominate the scene. Dusting Twitter, which is planning a Premium version.
Returning to Europe: weak Paris -0,24%, Madrid -0,15% and London -0,05%. At the end of the session, the euro traded over 1,08 against the dollar, up by 0,26%. Modest movements for Brent +0,06%, 50,59 dollars a barrel. Gold: 1247,5 dollars an ounce, +0,21%.
In terms of government bonds: the spread between Italian ten-year bonds and their German equivalent falls to 181.40 points (-0,66%), the yield on 10-year BTPs is 2,24%. The session closed well, after the Italy-Spain spread on the 5-year segment had reached its highest level in XNUMX years in the morning.
Among the blue chips of Milan Italgas stands out positively, which ended 2016 with higher-than-expected revenues and a dividend of 0,2 euro. The company also announces that it is interested in the gas distribution assets in Italy and will present an offer if Gas Natural puts them up for sale. Stm shines, in the wake of the German Infineon. Tonica Generali, +1,32%, which would have selected some advisors to whom to entrust the mandate for the sale of assets in countries not considered core. The Unipol galaxy is losing ground, and Unipolsai among the worst stocks with -1,45%. Bad Buzzi Unicem (-1,59%). Small steps for Fiat, +0,4%, while Ferrari further adjusts yesterday's gains: +0,3%. Profit taking on the banking sector. Unicredit loses 0,69%. Positive Fineco, +1,1%.
Stefanel stands out from the main basket, which was suspended several times in a volatility auction, after announcing a framework agreement with the banks and funds Attestor and Oxy Capital, for financial rebalancing. The operation, for a total of 25 million of new financial resources, is necessary to save the clothing company from bankruptcy and will have to obtain the go-ahead from the court.
Effervescent Rcs, for days in progress thanks to the return to profit. A further boost was given by the news that Diego Della Valle, a shareholder with 7,325% of the capital, yesterday allegedly spent almost 1,5 million euros to acquire another 0,3%. The Cairo Comunication stock is following in the footsteps: +4,52%.
Well Piaggio, +4,5%, after the announcement of a new model of electric Vespa, on the market in the first months of 2018. The purchases also reward Italia Independent, +1,96%, which, with the market closed, announces a 2016 with a net loss of 12,259 million euros and a turnover down by 30,2% to 27,678 million.
