As expected, the day was dominated by profit taking, typical of the Taurus phases. In Milan, after the extraordinary jump at the beginning of the year, the market takes a modest loss: the index FtseMib it yields a modest 0,47% to 16813, after yesterday's +3,8%. In Frankfurt the Dax loses 0,34%, Paris -0,65% Madrid -1% London -0,44%.
The 3-year Btp/Bund spread rises by 286 basis points to 287, in any case below the Monti quota (10 bp). The yield of the 4,28-year BTP (2010%) fluctuates at its lowest since November XNUMX.
The 143,95-year German Bund Future fluctuates at 144 just below the 143,89 level, after slipping to 4,5 at the opening. The most relevant note of the session is the awakening of the small caps, also favored by the Buffett effect. Ternienergia in fact leaps forward by 2,5% after the news that Warren Buffett will invest up to 1,6 billion dollars in the US photovoltaic sector. Kinexia +4,5%. Conversely, Indesit, -11%, is the worst stock this morning, but closed yesterday with an 2,2% jump. Seat is also bad, -XNUMX%.
The smaller banks are also in turmoil: Banca Pop. Etruria +2,9% and B. Desio and Brianza +2%. Conafi Loans +2,2%. The Bigs are holding up well, benefiting from the positive climate on spreads: Unicredit -0,2% and Intesa -0,4%.
Shines Impregile it, +2,38%, the highest since June after contract worth 560 million dollars obtained in Panama in a joint venture with Salini. Prysmian loses 0,65% after the federal court in Adelaide found the allegations of the Australian antitrust founded, ruling that the proceedings against Prysmian and other competitors should go ahead. On the contrary, it goes up stm, + 1,13%.
Fiat dropped 1,13% in the wake of the still black market in December. In the last month of the year, registrations in Italy fell by 22,5%, brands Fiat recorded a decline of 20,2%.
This morning Goldman Sachs in a note warns its customers about the risks of an investment in Terna (-0,52%) And Snam (-0,73%) and confirms the Sell rating.
