The push for the price lists of Mario Draghi's words continues. After the positive closure of Wall Street yesterday, this morning Tokyo finished the session up 5,88%, Shanghai + 1,25% Shenzhen +1,46% and Hong Kong + 2,9%. Europe consolidates increases in the middle of the session: il Ftse Eb salt by 2,19%, Paris + 3,15% London +2,33% and Frankfurt + 2,08%.
The rebound is favored by the banking sector which in Italy, as in Europe, benefits from Draghi's reassurances ("we are not asking the banks for more capital", plus the promise to "reconsider and review" the institution's policy at the next summit in March) but also yesterday's speech by Renzi on MPS and the banking sector in general (which is solid but needs further consolidation) and expectations for an agreement soon on the bad bank, which could arrive by the weekend.
Keep on running Montepaschi (+10,55%), best title of the Ftse Mib. "Mps has gone through crazy vicissitudes but today it is restored, a beautiful brand", reiterated Renzi to Porta a Porta, recalling that at the "end of a process that will last a few months, it will have to find some partners".
The rebound is also supported by the recovery of the Petroleum with Wti rising by 5,59% to 31,18 dollars a barrel and Brent by 6,77% to 31,23 dollars a barrel.
Meanwhile, from the update made by ECB forecasters (SPF, Survey of professional forecasters) it emerges that the 2016 inflation estimates were reduced by 0,3 percentage points to 0,7%, from the previous 1%, following the drop in oil prices.
In terms of macroeconomic data, in the third quarter of 2015 the debt/GDP in the euro area it dropped to 91,6% from the second quarter, when it stood at 92,3%. The highest debt is the Greek one, 171%, followed by the Italian one at 134,6% and the Portuguese one at 130,5%. However, Italy is the second country, after Ireland, with the strongest reduction rate: -1,4%.
In Germany the PMI index January composite slowed to 54,5 from 55,5 in December, according to Markit's flash estimate. The index signals the continuation of private sector growth at a pace which is the slowest in the last three months. The services PMI and the preliminary manufacturing PMI also slowed.
Slowdown also for the PMI manufacturing index France. According to the preliminary flash estimate, the index, which measures the assessments of purchasing managers of the French manufacturing sector, came in at 50 this month, a sharp slowdown from 51,4 recorded in December.
In Italy the BTP-Bund spread improves to 105 basis points and yield to 1,55%. Next 26 January, the Treasury will offer Ctz and BTPs indexed to inflation in the euro area for a total amount between 1,5 and 2,5 billion. In particular, the Ctz expiring on 30 August 2017 for an amount of 1-1,5 billion, the BTp-i expiring on 15 September 2024 and the BTp-i expiring on 15 September 2026 for an aggregate amount between 500 million and 1 billion will be placed .
At Piazza Affari, purchases reward Mps as well as well Anima (+ 6,6%), Buzzi Unicem (+ 4,56%), Tod’s (+4,34% after the positive surprise from fourth quarter sales) e Mediaset (+ 4,22%).
Sales are especially striking Where's Banca (-1,39%), Bper (-0,52%), Saipem (-0,47%), which is volatile after that the technical details of the capital increase operation on Monday. Shareholders will be offered 9,67 billion shares in the ratio of 22 new shares for each ordinary or savings share held and at a subscription price of 0,362 euro: this price represents a 37% discount compared to Saipem shares at yesterday's close (0,576 euro) already separated from the option right.
