The title takes off in Piazza Affari Tim rose to a high of 4,2% mid-day. The rise was triggered by the publication of opinion of Bank of America. The US broker promoted the group with a peremptory "buy" (target price at 0,40 euros from the previous 0,33 euros) in view of the Capital Market Day on 7 March in which ServCo's prospects will be outlined after the separation of the network.
Latest stock market news: Piazza Affari also has eyes on Leonardo and Stellantis
It is not only the revival of Telecom that holds the attention of Piazza Affari in a session which, given the closing of Wall Street, it didn't seem destined to offer great emotions. But the dramatic news on the eastern front has shaken the markets.
In the interview given to Financial Times, the President of the European Commission, Ursula von der Leyen talks about the need to adapt the common European defense to the experience of the EU Recovery plan. In addition, the President of the Commission says she is in favor of consolidation of the sector: Leonardo rises by approximately 1,65% in line with the sector's stocks.
Also featured in London Astrazeneca. The pharma company has provided the latest information on the development of its anti-tumor drug.
Attention e.gr Stellantis +0,23% after AuromotiveNews anticipated that the company plans to sell Chinese cars through its network Leap motor of which it controls approximately 20%. The operation could involve the Mirafiori plant.
Latest stock market news: Milan below parity
European stock markets proceed with a moderate decline, FtseMib of Milano -0,14% on the eve of an important appointment for the next rate decisions. Tomorrow the ECB will publish the data relating to salary negotiations, relevant in this context of uncertainty about the trajectory of rates because for some time the members of the board and the president herself, Christine Lagarde, have been linking this dynamic with the next monetary policy moves.
They come out on Wednesday PMI indices of the main economies, with a particular focus on the Eurozone which remains the only one in contraction among the main areas (both manufacturing and services). On Friday we will have the confidence of German entrepreneurs (Ifo index).
There is an air of a decline in rates, as hoped for by the president of the Banque de France Villeroy de Galhau. ten-year BTP drops to 3,86%, Lo spread at 146 basis points, at the lowest level for almost two years.
The yield on the ten-year Treasury at 4,28%, the highest in the last three months. Euro dollar and 1,078. Petroleum Brent and WTI -0,7 percent.
