Thoughtful departure for Piazza Affari, while the euro rebounds against the dollar to 1,044. The Ftse Mib index travels just below parity. The Frankfurt Stock Exchange also slowed down (-0,44%), slightly below parity in Paris, with a fractional increase in London (+0,05). Madrid +0,1%.
THEinflation Germany rises by 1,7%. The Eurozone follows closely: prices in the 19 countries of the single currency have risen by 1,1% on an annual basis, thanks to the increase in energy but also in food. Core inflation in Italy too, calculated excluding unprocessed food and energy products, remained in positive territory (+0,5%), albeit slowing down from +0,7% in 2015. But, for the first time since 1959, the annual average of consumer prices has slipped into negative ground, to -0,1%, under the pressure of the drop in consumption: the data however do not justify an early closure of the Qe, as ventilated by Clemens Furst, president of the 'ifo.
A new positive signal arrives for the European economy. At 10 was published thePMI index on the expectations of purchasing managers of service and manufacturing companies in the euro area. The indicator, calculated by Markit, rose to 54,4 in December from 53,9 in November.
Il Petroleum Brent rose by 0,8%, to 55,93 dollars a barrel, and returned close to the highs of the last 18 months reached yesterday. Eni is up 0,2%. In December, the demand for gas marks an increase of 12% year on year. Saipem -1,2%. Enel still down (-0,2%).
Reverse course Bpm bank (-2%) after a new increase (+2,2%) at the opening. Moody's has assigned ratings to the new banking entity. The long-term outlook on deposits is stable, while that on senior debt is negative.
Unicredit earns 0,2%: the stable shareholders of the bank are ready to play their part in the capital increase. The 13 billion euro recapitalization should start on February 13.
Intesa Sanpaolo +1,5%: the Bank will be among the lenders, with a loan of up to 5,2 billion euros, for the acquisition of 19,5% of Rosneft by the consortium formed by Glencore and the Qatar Investment Authority.
Banca Popolare dell'Emilia Romagna (-1,5%) made it known that no shareholder, in view of the transformation into a joint-stock company, has made a request for withdrawal. Ubi Banca +2,7%.
Under fire stm: -3,32% and even -6,5% at the start after Morgan Stanley's judgment yesterday afternoon on the title of the leading European semiconductor producer, lowering its rating to Underweight from Equal Weight. The concept translates into “underweighting” the stock. The new target price is set at 7 euros from the previous 5,25 euros. The new target price recognizes a potential 35% loss from yesterday's close.
Avanza Ferragamo (+3,65%). HSBC has raised its recommendation to Buy, while the target price rises to 29 euros from 23 euros. Luxottica still down: -1,3% after -2,7% yesterday. Sales are raining even if this morning Raymond James confirmed his optimism by adjusting the target price to 55 euros from 51 euros. Outperform rating unchanged.
Effervescent Fincantieri (+2,3%), in the midst of the battle for the purchase of the Saint Nazaire shipyards.
Mediaset -0,2%. The newspapers talk about a report by the French bank Natixis in which the hypothesis is advanced that Vivendi is preparing to launch a takeover bid. The contenders could find an agreement capable of avoiding war. A part of Mediaset's activities in Italy, in particular those in generalist television, should be spun off and turned over to Fininvest.
