European markets, as has already happened in Asia, are not replicating Wall Street's euphoria. The Ftse Mib index +0,4%, after recovering the initial losses, is still traveling in positive territory above 19,100. The other pizzas are slower: Paris and Frankfurt in balance, Madrid +0,3%. London grows by 0,10%.
Data released this morning GDP 2016. In the Bel Paese, economic growth remains modest, even if the figure for the fourth quarter of 2016, +1,1% year on year, allays fears of further slowdowns.?In the Eurozone, growth is 1,7%.?
Meanwhile, confidence in the future of the German economy is collapsing. This is demonstrated by the February reading of the Zew index, which fell from 16,6 points in January to 10,4, against a consensus of 15 points. Notably, Germany's industrial production fell by a surprise 3% in December, the biggest drop since 2009.
Retrieve the Btp: yield to 2,19%, from 2,21% yesterday. Spread at 186 (-1 basis points). German Bund yield at 0,33%.
On the price list accelerates Fiat Chrysler +2,3% in the wake of the news that Peugeot is in talks with Opel for an aggregation. ?The French automaker would also take over Vauxhall, another of General Motors' European brands.?A possible merger would lead to the emergence of number two in the European car market, behind Volkswagen.
However, Cnh Industrial remains negative -0,72%.
In great evidence Generali?1,83% salt. Between today and tomorrow a meeting of the board of directors: there could also be talk of a new action on costs. There is also talk of the arrival of an offer at 16 euros per share from?Intesa +0,5%.?
The banking sector is strongly improving, rising by 0,6%. on popular banks, the government intends to introduce a standard which allows, following the entry of the State into the shareholding structure, effective management of this shareholding. This was announced by Undersecretary Baretta during the work of the Budget and Finance commissions of the Chamber on the bank saving decree.
Banco's rebound continues?Bpm +2,3%,?Pop. Emily?+3,6% and?Ubi Bank +3,2%. Unicredit rises by 0,5%. Carige bucking the trend? -5%: Il Sole 24Ore returns to the hypothesis of a capital increase and writes that Generali could contribute to the operation with the conversion into capital of 80 million euros of subordinated loans .?
Among the utilities Enel -0,1%. Hera +1%: according to Kepler Cheuvreux is the most interesting of the Italian local utilities: the recommendation is Buy, target price at 2,8 euros. Buy recommendation also for Iren with the target price raised to 2,0 euro from 1,75 euro.
After a drop of 1,9% yesterday, the Brent oil climbed back to $56 this morning per barrel (+0,8%). ?Eni +0,7%,?Saipem -1,3%.
Is Recordati still progressing? +1,5%:
Worth noting among the small caps Ferrara land reclamation -7,05% after the announcement of the operation that should bring Cdp equity into the capital.
