After four days of decline, European stocks react with widespread gains. TO Milano the FtseMib index rose by 0,80% above 18.700. Increases above one percentage point a Paris, Frankfurt e Madrid. London + 0,84%.
The data on the economic situation are favoring the recovery. The economy, despite the attacks on globalization, is picking up speed everywhere. Good news arrived this morning from Japan and China, where the PMI indices of industry rose above economists' expectations in January.
Same situation in Europe. L'PMI manufacturing index in the Eurozone in January stood at 55,2 points, the best figure since April 2011. Effervescent France and Spain, up but Germany less than expected. Italy slowed down slightly, but the figure (53 points) still remained above the threshold of 50.
The good results of many companies are also driving the European stock markets, starting with Siemens, which rose by 4,4% after having raised the profit forecasts for the current year thanks to the shift of focus to renewable energies.
The yield of ten-year BTP it is stable at 2,28%, the same as yesterday. Spread with the Bund widening to 182 basis points. The spread with Spanish Bonos is also widening, offering a lower yield by 67 basis points compared to Italian government bonds.
After Donald Trump's lunge (and awaiting the conclusions of the Fed summit) the euro confirms yesterday's gains to 1,079. In January, the greenback lost 2,6% against a basket of currencies, in its worst start to the year since 1987.
Stable the Petroleum: Brent unchanged at $55,5 a barrel. Eni rises by 0,9%. Utilities also made progress: Enel rose by 0,5%, Terna +1,6%, Snam +1,4%, A2A +2%.
Positive Telecom Italy (+1,1%). Great news for telecommunications are emerging from Brussels. The European Union has reached a preliminary agreement to cap the wholesale rates telecom operators pay when customers use their phones abroad, paving the way for the abolition of roaming charges in June. This completes the mosaic leading to the abolition of retail tariffs on 15 June: EU citizens will thus be able to use the telephone throughout the Union at no additional cost.
The banks awaiting today's Board of Directors are positive Unicredit (+0,6%) who will fix the price and other conditions of the 13 billion capital increase. The Cariverona Foundation will make the final decision on the methods of joining the operation on Thursday.
Bpm bank + 1,2% Ubi + 1%. Mediobanca earns 2%.
It rebounds among industry stocks Leonardo which rises by 1%: yesterday the Board confirmed Mauro Moretti in the role of managing director after the first instance sentence to seven years for the Viareggio train disaster (32 dead), which took place in 2009, when Moretti was CEO of the Railways.
Resume running StM (+1,8%): in January it gained 12%. Well too Prysmian (+ 1,3%) and Buzzi (+ 1,7%).
Carry-over effect for all Luxury titles thanks to the +5,5% achieved by Ferragamo after preliminary fourth quarter sales data.
They also go up Tod’s (+ 0,8%), Yoox (+ 0,6%) and Brunello Cucinelli (+0,7%). The appreciations continue for Moncler (+1,7%): Equita primo raises its target to 20,70 euros from 17,70 euros, Rbc strengthens the Buy recommendation up to 20 euros.
