US CONFIDENCE FALLS, BAGS DOWN
UNICREDIT WELL, BPER FLYS +10,5%
The markets of the Old Continent retreat after the data on American consumer confidence below expectations: London loses 0,61%, Paris -0,71%, Frankfurt -0,19%, Madrid -0,36%.
In February, the confidence index calculated by the University of Michigan fell to 71,8 from 77,6. Investors were expecting a rise to 78.
La Milan Stock Exchange he defends himself better than the average in a session conditioned by technical deadlines: the FtseMib index is down by 0,43% to 16.061: the political stalemate, for now, does not seem to matter.
La American stock exchange it is declining after the cold shower of the fall in US consumer confidence. The Dow Jones index falls by 0,16%, S&P -0,12%, Nasdaq – 0,09%.
Leading the decline of Wall Street are the big banks. JP Morgan fell 3,1% after the Fed rejected its programs because they were inconsistent with capital strength constraints. Goldman Sachs-0,2% also needs to review its plans.
In Unicredit Business Square it closed at +0,58% at 3,828 euros. The Piazza Cordusio group closed the fourth quarter of the year with a net loss of 553 million euros, higher than consensus expectations which expected a loss of 172 million euros.
For the full year, the net result is positive for 865 million euros after provisions on loans for 9,6 billion euros, of which 4,6 billion in the fourth quarter alone. The dividend is 9 cents per share. Excellent indications on the capital position with a Core Tier I stable at 10,8% destined to rise to 11,14% on the pro-forma and post-sales data of the Kazakh Atf Bank.
But it was the day of the medium-sized banks. Banca Popolare dell'Emilia Romagna it is up by 10,48% following the presentation of the 2012 data: the institute has raised the level of coverage of problem loans and the clean-up of the balance sheet, despite having decimated profits, has been appreciated by the market. Today Exane raised its target to 8,3 euros and confirmed the "outperform" recommendation. Bpm also rises +3,63% e Popular Bank + 4,21%.
Down Understanding -1,68% Mediobanca -3.02%.
Backtrack by Generali -2,93% after yesterday's leap (+9%). The asset disposal program is running into some difficulties, the subjects who have come forward are offering less than what the company would have budgeted to get.
Catholic loses 2,4% after yesterday's record leap (+12%). Fondiaria Sai -1%, Unipol +3,3% and Milano Assicurazioni +1%.
Sale Ansaldo +2,7%. Natixis has raised the rating to "buy" from "neutral".
Among the best blue chips it also stands out A2A which rises by 5.84% following the presentation of the 2012 data. Equita has raised its recommendation to “Buy”.
In the utility sector Atlantia -1,05%, Enel -1,21%, Enel Green Power -1.52%.
Terna rises by 0,57%: this morning the power lines company released the final data for 2012.
Eni -1,41% Saipem + 2,04% Tenaris -0,51%.
Among the industrialists, Fiat -0,67% Finmeccanica -1,15% StM -1,3%.
