Sparkling markets today, in Europe as in the United States, where the Dow Jones has passed the 20.000-point mark, never touched before. Piazza Affari closes at +0,42%, after exceeding the percentage point during the day. The slowdown comes with the judgment of the Council who removed the ballot mechanism from the electoral law of the Chamber and admitted the majority bonus for the list that obtains 40% of the votes, saying that the system can be applied immediately. A green light for possible early elections, which also caused the 2,12-year rate to rise to 2,3%, while the spread rose by 164.30%, XNUMX basis points.
More the other European squares toned down: Frankfurt +1,82%, Madrid +1,73%, Paris +1%. Lukewarm London: +0,2%.
In Milan we find at the top the names involved, directly or indirectly, in the great maneuvers between Intesa San Paolo and Generalthe. The most popular of the session is Unicredit, +8,94%, engaged in the cyclopean capital increase of 13 billion euros. Two winds that make the stock soar: on the one hand the hypothesis that the bank could find part of the resources by selling its 8,56% of Mediobanca, in turn the largest shareholder of Generali, an appetizing package for Intesa, but not only , a participation that places many arrows in the arch of the bank in piazza Gae Aulenti; on the other, the willingness of the Crt Foundation, a shareholder with 2,5% of Unicredit, to subscribe to the capital increase. Sustained purchases, at Dax 30 and Cac 40, also for Allianz and Axa, the two foreign "allies" who could enter the risk on the Trieste lion.
On the other hand, Generali's buying fever is falling, + 0,97% whose board met today. Mediobanca remains on the shields, +3,11%. Flat Intesa Sanpaolo +0,35%, after the strong sales of recent days. Meanwhile, Consob is trying to see clearly and has started a round of talks, starting with the CFO of Intesa Stefano Del Punta, with three other representatives of the bank, seen entering the Milan office of the commission. Tomorrow will be the turn of UniCredit and Generali itself.
With this chapter closed, there are several stocks that also in Milan seem to be taking advantage of the first moves of US President Donald Trump. In the first place Saipem, +6,43%, after the tycoon signed the executive order for the implementation of two pipelines. The group hopes to get involved with American Saipem, even if Trump intends to favor local companies. Buzzi Unicem, +1,43%, also thanks to the proposal of two Democratic senators for a trillion-dollar plan, the same figure mentioned by Trump in the electoral campaign, to rebuild and restore bridges, roads, ports and airports.
FCA travels sustained, +0,89%, on the eve of the accounts for the fourth quarter of 2016 and after yesterday's rally.
Effervescent all financials. Bper, +1,24%; with CEO Alessandro Vandelli who says about Carife: “It's an opportunity for our group. We are committed to finding a solution and I am positive about that. Ferrara is an important territory”. Banco Bpm +3,25% and Finecobank +3,42% are doing even better. Azimuth +1,5% and Ubi +1,63% also did well.
They travel hard Stm +1,27% and Tenaris +2,56%.
New collapse for Ynap, -5,4%, with analysts from Equita and Goldman Sachs forecasting slightly lower than expected revenue growth in the fourth quarter of last year. Sales on Mediaset -2,84%.
