Piazza Affari at noon, after a morning in swing, travels again in positive territory: the index FtseMib it advanced 0,4% higher for the sixth consecutive session. In the previous five days, the Milan Stock Exchange gained just under 9%. Modest gains also for Frankfurt +0,13% and Paris +0,06%. London +0,36%, and Madrid +0,44%.
The index Eurozone SMEs it fell to 53 last month from 53,6 in January, the lowest reading since early 2015. "The region's recovery is losing momentum," Markit chief economist Chris Williamson said, but disappointment on several fronts it increases the chances that the European Central Bank will act aggressively to avoid another recession”. The Italian services sector, on the other hand, grew in February for the twelfth consecutive month, at a slightly more sustained pace than in January. The exchange euro Dollar is stable at 1,086.
Fiat Chrysler rises by 1,6%. In Geneva Sergio Marchionne has offered to produce the Apple Car. "I suppose – declared the CEO – that we have the credibility to be one of the reference players for them". Meanwhile, the CEO of Peugeot-Citroen, Carlos Tavares, said he was ready to start talks with the Italian group for possible integrations. In the automotive sector, Brembo also did well, +1,5% at 39,30 euros. The international leader in brakes for high-end vehicles has announced the results for 2015, which closed with a net profit of 184 million euros.
The market likes the "gift" to the shareholders, i.e. the distribution of RCS shares (16,7% of the capital) as a dividend and the exit from the publishing sector, a low-profit sector, with the sale of La Stampa and the XNUMXth century to the L'Espresso group +1,1% (yesterday +16%).
Instead burn the earnings of the eve Rcs -7,6%. Gianfelice Rocca denied the interest of Techint and Tenaris for "hypothetical acquisitions and mergers of newspapers (Corriere della Sera and Sole24ore)". For Equita, the operation is, in the short term, negative for the publishing group because it creates a phenomenon of oversupply on the market. But with the disengagement of the main reference shareholder, the company becomes truly contestable. “The solution – reads an analysis by the broker – could be the merger with the Cairo group which has strong credibility in generating efficiencies”.
Among the banks Unicredit and Intesa both rose by 0,9%. MontePaschi's recovery continues +3,2%, Carige flies +8% after the presentation of the list for the Board of Malacalza Investimenti.
Good rise for Telecom Italia +1,8%, with Mediaset rising by 1,5%. Sales in the luxury sector: Ferragamo drops by 1,1%, Luxottica -2,9%, Moncler -1,2%. Among the mid and small caps, d'Amico climbs +5,4% on the day of the accounts.
