In Piazza Affari shines the star of Telecom Italy. After registering an increase of more than 3% in the morning, the share of the telecommunications company retraces slightly and marks +2,4% in the middle of the day, still recording the best rise of the Ftse Mib. The new ones triggered the wave of purchases network unbundling hypothesis circulated after the meeting between the number one of the company, Amos Genish, and the representatives of the Communications Authority.
However, Telecom's starting point is not enough to revive Milano, which lost 0,5%, in line with the stock exchanges Frankfurt (-0,4%), London (-0,5%) And Paris (-0,3%). Even worse Madrid (-0,8%).
Stock markets in Hong Kong and Shanghai closed lower, conditioned by traders' caution ahead of the release of economic and corporate data expected later in the week. L'Hang Seng lost 1,09%, while the Shanghai Composite ended the session with a drop of 0,99% and the composite index of Shenzhen he left 0,53% on the field.
There is great expectation on the international markets for tomorrow's meeting of the FOMC, the monetary policy committee of the Federal Reserve, especially since the presidency of the American Central Bank will pass from February 3rd to Jerome Powell, which will have to manage the liquidity freed up by the tax reform Donald Trump. Meanwhile, the president of the United States himself could reserve some surprises in his first message to the Union, scheduled for tonight.
Returning to the titles highlighted on the Ftse Mib, fine Luxottica (+1,9%) after the presentation of the accounts 2017, while Leonardo travels negatively (-0,7%) while waiting for Alessandro Profumo to reveal the projects to relaunch the group in the next five years.
The race continues stmicroelectronics (+0,8% after +2,36% yesterday), among the protagonists of the semiconductor rally triggered on Friday by Intel's results and fueled yesterday by the rise in the forecasts of the Austrian competitor Ams. On Monday, Socgen raised the target price of Stm from 32 to 33 dollars.
Cattolica Insurance down 2% after -5% yesterday following the announcement of the business plan 2018-2020.
The worst stock on the main index of the Milan stock exchange is that of Bper (-1,9%), whose rating Banca Akros cut from "accumulated" to "neutral", with a target price of 4,5 euro. It cannot be excluded that profits have been taken on the stock, which has risen by 6% in the last five sessions and by 15% since the beginning of the year.
The other banks are also in red: Understanding -0,7% Bpm bank -1% Ps -1,7% and Ubi -1,19%. It's an exception Unicredit (+ 0,4%).
Sales on Cnh, down by 1,27% on the day of the quarterly report. fca -0,2% later the agreement with Google on the supply of vehicles that will become self-driving taxis.
Among the smaller capitalization stocks, it rips Bioera, in volatility auction with a theoretical increase of 25,15%. Yesterday evening the news according to which the appeal promoted by the company before the Tax Commission for Emilia Romagna would have been upheld. Pierrel +7,6% after announcing yesterday after closed markets the extension of a commercial agreement with Dentsply.
On the currency front, the dollar catch up on theeuro: +0,35%, to 1,24. Also being corrected Petroleum: Wti loses 0,35%, to 69,22 dollars a barrel, while Brent marks -0,81%, to 65,03 dollars a barrel. At Piazza Affari Eni -0,42% Saipem -1,46%.
As regards government bonds, on the secondary market the yield of the ten-year BTP stands at 2,02%, while lo spread with the Bund it is down slightly to 134 basis points.
In 'end of month auction, the Treasury has placed all the 7 billion euros offered between BTP 5-year August 2022 (eleventh tranche), 10-year BTP February 2028 (first tranche) and 50-year BTP March 2067 (fourth tranche). The average 2,06-year yield rose to 1,86%, from 5% in the previous auction, while the 0,66-year average yield stood at 0,60% from the previous 50%. Finally, the rate on the 3,19-year BTP was 2025%. Ccteu maturing in April 0,42 also sold at a rate of 2% for the maximum expected amount of XNUMX billion.
