The financial week is off to a great start Business Square, after a volatile eighth period, but lit up over the weekend by Fitch's upgrade of the country's sovereign debt rating (from BBB- to BBB+ with stable outlook). On the secondary it spread between Italian and German ten-year bonds it falls to 127 basis points (-2,67%) and the BTP rate falls to +0,88% (the Bund also falls to -0,39%).
Il Ftse Eb closes the session with a rise of +2,16%, 26.498 points and is among the best in Europe, behind only Madrid +2,35%. They are slightly further back Frankfurt + 1,4% Paris + 1,48% Amsterdam + 0,8% London + 1,57%.
The positive climate in the Old Continent, despite the losses recorded by Asian stock exchanges, was favored by optimistic comments on the pandemic and, in the afternoon, by the performance of Wall Street, contrasted at the start, but now rising sharply, with the Dow Jones over the threshold of 35 points.
The news from South Africa on Covid is encouraging, according to which those infected with the Omicron variant show only moderate symptoms. In addition, Anthony Fauci, the White House's top adviser in this field, told CNN that "there does not seem to be a high degree of severity in the Omicron variant".
As a result, the Petroleum. Brent and WTI futures are currently up about 2,5%, around $72 and $68 a barrel. Last eighth both suffered a sixth consecutive weekly decline, but yesterday Saudi Arabia announced the increase in prices from January of all varieties of crude oil sold in Asia and the US by up to 80 cents. Furthermore, the prospect of a return of Iranian exports seems to be receding, following the unsuccessful conclusion of another round of indirect talks between Iran and the United States to revitalize the 2015 nuclear deal.
On the foreign exchange market rises the dollar against which the euro shows a cross around 1,127. Slightly recover the bitcoin, after its recent crash and is worth about $49.
In Piazza Affari, oil stocks are positive, in particular Eni +2,35%. It shines Maire Tecnimont +2,13%, which has been awarded contracts worth 3,5 billion dollars in the United Arab Emirates.
However, industrial stocks, utilities and banks dominate the main list. The first floor is for Italgas + 3,66% Pirelli + 3,61% Ivy +3,6%. The titles of the Agnelli galaxy fly: Cnh + 3,49% stellantis + 3,48% Juventus + 3,48%.
Three banks in the top ten: Bper +3,15%; Understanding +3,1%; Bpm bank +3,02%. She's a little more shy Unicredit, +2,7%, pending the industrial plan, which will be illustrated on Thursday. Meanwhile, Jp Morgan analysts have increased the target price on the institute led by Andrea Orcel, bringing it from 12 euros to 15 euros.
The colossus Enel rises by 3,02%, after completing the sale of the equity investment in Open Fiber (equal to 50% of the capital) in favor of Macquarie Asset Management and CDP Equity, following the occurrence of all the conditions set out in the contracts entered into with them . The total consideration collected by Enel is 2,73 billion euros, for a capital gain of approximately 1,76 billion euros, in addition to an effect on the consolidated net financial debt of approximately 2,42 billion euros.
Recommended Generali +2,31% and General Bank +1,57%. According to press reports, Leonardo Del Vecchio and Francesco Gaetano Caltagirone are preparing a small check that will hinge on managed savings.
Recover initial losses and close in progress Leonardo, +1,3%, despite the cut in judgment by Bofa Merryll Lynch, who does not look kindly on a possible approach of the group to Fincantieri (+ 2,25%).
In the lower part of the list there are only a few titles, in particular Diasorin -2,49% and Amplifon -0,24%.
It makes its own story Telecom, -1,38%, which remains in the spotlight after the expression of interest of the Kkr fund. Today's mood is weighed by the countermoves of the shareholder Vivendi (24% of the capital) who, from the pages of Repubblica, says he is ready to evaluate a project for the transfer of control of the network to the State, if it were preparatory to a strategic plan institutionally guided and preserving the value of its investment. In the past, the French had always been reluctant to hand over control of the network.
