Business Square finds momentum in the final and closes in positive territory, in contrast with the rest of the European markets. The Ftse Mib gains 0,86% driven by Stm which rebounds after a weak start and closes at + 4,07%. Today the group has released the fourth quarter accounts marked by a red of 428 million dollars and the hypothesis of the need for financing in 2013 between 300 and 500 million dollars. However, the exit from St-Ericsson is approaching on which CEO Bozzotti said that the group is finalizing the decision.
Saipem also rebounds, +4,45% and best stock of the Ftse Mib, favored by the prohibition of short selling decided by Consob (and by the Fsa), on which however the ax of Goldman Sachs hits which lowered the rating to neutral. The recovery of the Ftse Mib was then led by the banking sector, in the wake of a decrease in the spread to 263 points after the initial peak of over 270 points: Bper +3,67% and Unicredit +2,99%. Piazza Cordusio yesterday announced after closed markets that it had collected 900 million euros for the sale of the Polish subsidiary Pekao.
Today Consob announced that Blackrock has bought 5% of the capital. Understanding 0,20% salt, Popular bank rises 2,20%, Ubi +1% and positive it is too Ps +1,82% on which the work of the judiciary continues in relation to the Alexandria scandal. The former president of the IOR Gotti Tedeschi was also heard today in the prosecutor's office in Siena. Meanwhile, the Rome prosecutor's office has also opened a file against unknown persons, hypothesizing the crime of manipulation of the market. For February, the Lazio TAR, which accepted a request from the Codacons, summoned Bank of Italy to acquire "documented clarifications" regarding the green light for the Monti bonds. After a difficult day, Fiat closed positive at +0,99%. Today the accounts of Fiat Industrial driven by agricultural machinery from Cnh. Sergio Marchionne said that the newco that will arise from the merger between Fiat Industrial and CNH will land on Wall Street "at the beginning of the third quarter" of this year. The merger project with CNH "is going ahead", added Marchionne, and the next step will be the approval of the project by the shareholders gathered in the meeting.
The others are in red European squares: Paris -0,87%, London -0,73% and Frankfurt -0,45%.
In Germany land retail sales fell 4,7% over the same month in 2011. Analysts were expecting an average decline of 1,5%. Then there is the data on unemployment which fell to a 20-year low (to 6,8% from 6,9%) if we look at the seasonally adjusted data but which will rise to 7,4% from 6,7% if we take the raw data. The run of the euro continued, gaining 0,11% on the dollar, reaching 1,3582 favored by the Fed's confirmation of the stimulus policy through the acquisition of bonds. WTI oil is down to 97,19 dollars a barrel.
A Wall Street, at the close of Europe the indices were traveling in negative territory: Dow Jones -0,17% and Nasdaq -0,15%. Facebook yields 2,75% after the quarterly which disappointed expectations.
In terms of macroeconomic data, the data on unemployment benefits was higher than expected while the Chicago Purchasing Managers' Index did better than expected, rising to 55,6 points in January from 50 in the previous month
