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Stock Exchange: Eni up, Finmeccanica down

Eni's strong rise, on the wave of 2012 results, gives oxygen to Piazza Affari, which instead still suffers from the sharply declining Finmeccanica ballast – The spread fluctuates around 280 bp – Waiting for the G20 which begins today in Moscow, focused on the theme of currencies – Positive news for Italy on public debt and trade balance

Stock Exchange: Eni up, Finmeccanica down

ENI +2,71% LEADS THE MARKET PLACE IN POSITIVE SOIL
THE FINMECCANICA LANDSLIDE CONTINUES -2,84%

The sharp rise of Eni +2,71% on the wave of 2012 results pushes Piazza Affari into positive territory.

The index FtseMib rises by 0,2% to 16552.

La London Stock Exchange is unchanged, Paris +0,315, Frankfurt down 0,07%. Markets stalled ahead of January's consumer confidence and industrial production data.

THEeuro it was down, trading against the dollar at 1,332 from 1,336 at yesterday's close and against the Swiss franc at 1,2293 from 1,2308.

On the government bond market, the Btp to 10 years it is trading at a yield of 4,40%, spread at 280, widening by 4 basis points.

Investors are also looking forward to theoutcome of the G-20 held today and tomorrow in Moscow, focused on the theme of currencies. The summit of central bankers and finance ministers should reiterate that currency exchange rates must be determined by the market and that the fiscal and monetary policies of individual countries must not pursue competitive devaluations.

This morning the Russian Deputy Finance Minister Sergei Storchak however, he said that the drafting of the G20 communiqué is having difficulties and that the passage concerning currencies will not specifically mention Japan.

Two positive macro news for Italy:

a) In December 2012 the general government debt returns below the threshold of 2.000 billion, settling at 1.988,363 billion. The Bank of Italy communicates it with the supplement to the statistical bulletin.

b) The trade balance, supported by the large surplus of non-energy products (+74 billion), reaches +11 billion. This surplus, the largest since 1999, is achieved in an annual context of 3,7% growth in exports and a 5,7% decline in purchases.

He gets off in Piazza Affari Finmeccanica -2,84%: the guarantee interrogation of President Giuseppe Orsi, imprisoned for corruption, will be held today in the Busto Arsizio prison. Ubs has lowered its rating to neutral from buy.

Avanza Ansaldo + 0,75%.

Fiat falls by 0,05%, Pirelli 0,64% salt, StM -0,31%.

Between the banks, Unicredit drops by 0,51%, Understanding -0,94%Montepaschi -1,44%. It is the day of the interrogation of Giuseppe Mussari.

Slow insurance: Generali -0,38% Unipol -1,2%.

Among the mid caps it goes up Brembo +3,8% promoted by Mediobanca.

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