Bags waiting of the press conference by Mario Draghi who from Cyprus should announce the start of Qe and the technical details of the bond purchase plan. The main European lists are on the move on the rise: the Ftse Mib rose by 0,79%, London by 0,38%, Frankfurt +0,77%, Paris +0,88%, Madrid +0,59%.
The spread BTP-Bund continues to decline and has fallen below the 100 level to 99 basis points. In the fourth quarter, the Italian GDP recorded a zero change compared to the previous quarter and decreased by 0,5% compared to the fourth quarter of 2013. The euro continues to drop to 1,1048 (-0,27%) to the lowest since 2003.
The data on orders on the market did not affect market optimismGerman industry in February: orders fell by 3,9% compared to the previous month.
Piazza Affari is driven by luxury titles: Moncler leaps by 8,96% after better-than-expected results, Tod's follows with +4% and Yoox +2%. Buzzi Unicem also did well +3% in the wake of the good performance of cement. Italcementi rose by 3,5%.
Driven by better-than-expected results, dividend hike and bullish outlook for 2015 Autogrill +2,82%.
At the bottom of the Ftse MIb we find Mps -1,42%. Yesterday the board approved the go-ahead for the capital increase. After a bullish start, the stock reversed course. The board has convened the shareholders' meeting for 14 April to approve the financial statements and to approve the recapitalization which will be anticipated by the reverse stock split (1 every 20). After the capital increase, the Treasury will also enter according to the interest on the Monti bonds that the bank will repay in shares.
Slightly down too Agnelli galaxy with Exor -0,61% and Cnh Industrial -0,41%.
Telecom Italia -0,27%. Ei Towers +1,19%. Rai Way +1,16%. Ei Towers, in today's meeting with Consob, confirmed that, within the legal and regulatory timescales, it will deposit the disclosure document with Consob offer on Rai Way and that no changes to the terms and conditions of the offer are foreseen with respect to what is indicated in the press release dated February 24th.
