LUXOTTICA AND YOOX LEAD THE REVIVAL OF LUXURY
MARKETS ARE NOT AFRAID OF THE COLD WAR
The German confidence index returns the good mood on the European Stock Exchanges.
In Milan the Ftse Mib index rises by 0,69% to 20768.
Increases over the percentage point on the other price lists: London +1,02%, Paris +1,09%, Frankfurt +1,18%. Madrid +0,27%.
EasyJet shines in London +4,5%, better performance in the FTSEurofirst, after an upgrade of the outlook for the first half of 25% thanks to strict cost controls.
The spread between the BTP and the Bund is stable at 182,7 points (183 at yesterday's close) with a yield of 3,40%. The differential between the 10-year German bond and the Spanish Bonos stands at 175,9 points with a rate of 3,33%.
Good demand, especially from abroad, and yield in line with last month's auction: around or just above the historic low of 0,82%. These are the operators' expectations in view of the CTZ auction scheduled for tomorrow. Today on the secondary market the Ctz yields about 0,85%.
The euro is little moved against the dollar at 1,385.
It bounces the price of gold to $1314 an ounce after yesterday's nearly 2% drop.
The Stock Exchanges do not believe in the return of the Cold War: the Micex index of the Moscow Stock Exchange rises by 0,8% and the ruble strengthens against the dollar to 36,62 from 36,12 yesterday evening at the end.
In Piazza Affari the fever explodes for Luxottica +3% following the announcement of the agreement with Google to produce smart glasses, glasses with incorporating technological tools.
It does even better Yoox +3,8% after the landslide of the last few weeks. The company's stock continues to move in perfect harmony with the British Asos which this morning rebounded by 2,4%.
Tod’s salt by 2,26%.
Between banks Monte Paschi -0,13%. Lively market response to the 5-year bond launched by MPS which has already reached 2,75 billion euros. More than 200 qualified customers have already come forward. A coupon of just over 4% is expected, i.e. 180 bp above what the BTP currently recognizes.
Sale Unicredit +0,16%. Understanding -0,27%.
Banca Popolare di Milano loses 2,76%. Kepler Cheuvreux cut the judgment to Reduce.
On the eve of the launch of the Salone del Risparmio, asset management is back on track. In February, according to data released by Assogestioni, subscriptions reached 11,8 billion euro, the highest since 1998. A new record also for assets which rises to 1.362,5 billion (1.334,8 billion the previous month). Among the groups with the highest positive net inflows in February are Generali (+1,58 billion), Intesa SanPaolo (+3,02 billion), Pioneer (+1,83 billion), Poste Italiane (+1,05 bln). +540,4 million for Azimut and +160,2 million for Mediolanum.
In the business square Azimuth +0,61%, Mediolanum +1,66%.
Between insurance Generali increases by 1,53%, UnipolSai +0,52%.
Fiat rises by 0,76%.
Recovery continues Pirelli + 2,17%. The Bicocca group will publish the results on 2013 next Thursday. According to the consensus collected by Bloomberg, analysts estimate that Pirelli closes 2013 with a turnover of 6,197 billion euros, an Ebitda of 1,095 billion, a gross profit of 797 million and an adjusted net profit of 366,7 million.
In decline Finmeccanica – 0,22% (the quotation, according to the Lex of the Financial Times, does not offer room for further increases), StM +0,37%.
On the opening day of the Star Conference, Gefran flies +7,72%. The industrial company that operates in the sensor and drive machine sector has communicated the targets of the new 2014-16 business plan: turnover +12,5%, Ebitda margin 16%, Ebit margin 6%.
Trevi +3,37%.
Salt too Stable Goods Siiq +0,58%. This morning Goldman Sachs analysts raised their rating to Neutral from Sell, the target price rising to 0,65 euros from 0,61.
