The European stock exchanges do not follow the example of Tokyo, which rose sharply this morning. Without the reference point of Wall Street, now closed, and in the absence of macro indications, the European stock exchanges are marking time. Piazza Affari is no exception which, after an upward start, has gradually lost momentum: the Ftse Mib index falls by 0,6%, to around 22.600 points. The other markets of the Old Continent are moderately negative, around -0,1%.
The Stoxx 600 index is in fractional descent. Loses Reckitt Benckiser .5,4% after the accounts and the short-term warning. Unilever, Diageo, Nestle and Danone also fell after the accounts. Banks, on the other hand, are doing well thanks to the rise of Deutsche Bank +1,6% after the analysts of BofA Merrill Lynch raised the recommendation on the title to neutral. Siemens rises +1% after announcing its intention to list the healthcare division in the first part of the year.
In view of the elections on March 4th the Btp/Bund spread rises above 130 basis points at 130,8 basis points with the Italian 2,039-year yield just over XNUMX%. Greece's spread is decreasing: Fitch has raised Greece's rating to B from B-.
The euro is little moved, cross 1,24.
Crude oil prices hit almost two-week highs supported by new political tensions in the Middle East, even though US production growth (at its highest level since February 2015) held back the rise. Brent futures rose 0,41% to 65,25 dollars.
To favor the sharp rise in Tenaris +3,38% is the news that the Commerce Department has called on the White House to impose price controls on steel and aluminum imported from Asia and Europe. The company controlled by the Rocca group has a substantial production base in the United States.
Eni +0,2%. SocGen has raised the target to 17 euros from 16 euros, reinforcing the Buy rating. Credit Suisse adjusted its target price to 15,50 euros from 15,25 euros, leaving the Neutral recommendation unchanged.
Red start for the capital increase di Creval -8%. The new shares are offered starting today at a price of 0,11 euros, while the rights started at a price of 7,68 euros. Fly instead Carige +10%. The financier Raffaele Mincione bought 5,4% of the bank.
In the banking sector, Banco Bpm shines +1,5%, after ECB authorization the adoption of internal risk management systems for the purpose of measuring the capital requirements relating to credit risk at a consolidated level, which will determine an increase in the Cet1 estimated at around 80 basis points.
In negative ground Unicredit -0,48% after the good opening: Berenberg has raised the target to 18,5 from 16 euros.
Little move Telecom Italia +0,1%, which received only one offer, judged too low, for the Persidera television platform presented by Rai Way -1,5%, together with F2I. The offer should be declined. Persidera is controlled by Telecom Italia with 70%, the rest is owned by Gedi.
Weak Fiat and Ferrari -1,5%.
Enel also down -1,4% after HSBC cut the rating to Hold,
In the rest of the list:
- Cad.it it rose by approximately 8%, in line with the price of the takeover bid aimed at the delisting at 5,3 euro per share.
– Safilo +1%. The CEO Luisa Delgado has resigned, her place will be taken by Angelo Trocchia, former number one of Unilever Italy. Cerved +2,3%, enters the management of the 14,5 billion euro of non-performing loans of Monte Paschi, subject to securitization. Giglio Group +5%, will take care of the Internet sale of some Armani lines. IGD -3%, The grouping of ten new shares for every one old is operational from today.
