Taurus does not loosen its grip on stock markets. The European stock markets are moving up by around half a percentage point, with the EuroStoxx50 index reaching its highest level since 2000. In Milan, FtseMib at +0,51% marks its highest level in fifteen years, above 31,850 points.
Stock market, here's who's leading the race on February 16th
Frankfurt's Dax +0,8% leads the race. It stands out in the price list aixtron +7%. The German company active in the semiconductor sector is rising thanks to the push of the US company Applied Materials. The Parisian Cac40 also rises +0,5%.
In Piazza Affari it stands out Unipol's flight +20 percent. The Board of Directors approved a "rationalization" project for the group to be achieved through the merger by incorporation of UnipolSai +11%. The operation involves the launch of a voluntary takeover bid on all the ordinary UnipolSai shares not held for a consideration of €2,70 per share.
Stock market, spreads, exchange rates and rates
The macro data are also positive: BTP at 3,85%. The spread fell to 148 basis points, at two-year lows. Bund trades at 2,37%.
Euro-dollar little moved at 1,076. There are several compelling reasons why the European Central Bank should not wait too long for a first interest rate cut this year. This was stated by the governor of the Bank of France and member of the ECB, Francois Villeroy de Galhau. Brent oil and WTI changed little from +1,6% yesterday. At these levels it would close the second positive week in a row.
Stock market, who is driving it and why: Eni's accounts. Stm, Cucinelli and Fineco did well
Eni at -1,9% it closes the fourth quarter with an adjusted net profit of 1,64 billion euros, which brings the result for the entire year to 8,3 billion. Adjusted pro forma operating profit stood at €3,8 billion, driven by solid E&P results, record performance from GGP and positive contribution from Plenitude. The board of directors resolved to distribute the third of
four tranches of the 2023 dividend, based on available reserves, of 0,24 euros (out of a total annual disbursement of 0,94 euros) for each share in circulation on the ex-dividend date of 18 March 2024, with payment on March 20, 2024.
Uphill stm +2%, in the wake of the new records of the Sox semiconductor index. Brunello Cucinelli + 2, FinecoBank +1,7 percent.
