Almost flat bags waiting for the press conference that Donald Trump held at 17 (Italian time). The president-elect could announce details on trade policy and relations with Beijing. Sources from President Xu Jingping's staff say that there could be meetings in Davos with the staff of the new US president.
In Milan, the Ftse Mib index falls by 0,1% to around 19,400. On positive ground Paris (+0,1%) and Frankfurt (+0,2%). Just above zero Madrid. The positive streak in London continues.
New historical low for the yield of Annual BoT. In today's placement, the 12-month bond achieved an average gross rate of -0,250%, down by 5 basis points compared to the levels recorded last December and slightly below the previous all-time low of -0,238% reached in October 2016.
Il dollar it strengthens and rises to 1,053 against the euro, from 1,055 yesterday.
Il Petroleum recovers after an overall decline of 6% in the previous two days. Brent crude is trading at $54,1 a barrel, up 1%. Eni gains 0,3%, Saipem 1% and Tenaris 0,6%.
Less important than the Trump conference, but still highly anticipated by insiders, the meeting in Detroit between analysts and Sergio Marchionne: the market awaits details on the moves to cancel the debt. Fiat Chrysler (+0,4%) closed the fifth consecutive year of record global sales for Jeep, which sold 2016 million cars worldwide in 1,41, an increase of 12% over the previous year. The head of the Jeep brand, Mike Manley, said yesterday, underlining that 2016 was the third year with sales for Jeep above one million units and the seventh with sales increasing.
Piazza Affari is held back by the banks. Unicredit loses 1,6%. According to the hypotheses of the bankers of the consortium, the price of the new shares issued with the capital increase should be between 1,20 and 1,30 euros. The Bank's first shareholder, the Aabar fund with 5%, is ready to play its part. This is a commitment of around 650 million euros.
Intesa has zeroed the initial loss and is tied. Mediobanca drops by 0,7%, Bpm bank -1,6%. positive Ubi (+0,5%). Today the bank should formalize the binding offer for the purchase of the new Banca Marche, Etruria and Carichieti. The three banks should be acquired at the symbolic price of one euro, but first they will get rid of 2,2 billion of non-performing loans, destined to be taken over by Atlante.
The Italian luxury sector is advancing after the news of entry into Tod’s (+8%) of one of the funds in the galaxy that revolves around Andrea Bonomi. It emerged from the Stock Exchange communications that the Strategic Capital fund holds 3% of Tod's capital.
Moncler rises by 3,9%: HSBC raised the target price to 20 euros and confirmed the Buy rating. Ferragamo + 1,6% Luxottica +2,2%. Among the utilities, there is little movement Enel (-0,1%), A2A salt of 1%, Terna -0,7%.
Positive Telecom Italy (+1,5%): Kepler Cheuvreux has raised the target price to 1,05 euro from 0,95 euro, the recommendation is Buy.
