Business Square he also ends the last session of the week with a bang, while the prime minister in charge Mario Draghi continues talks with the political forces and is getting closer to completing his mission impossible, hopefully successfully.
In a context that is still evolving, but with great faith in the savior of the euro, the main Milanese list gains 0,8% and rises to 23.083 points, with banks confirming themselves as protagonists of this octave. The spread it fell further to 98 basis points (-2,19%), and the Btp rate, after reaching a new all-time low of +0,51%, closed at +0,53%. According to Luca Cazzulani, co-head of research on Unicredit's market strategy, the success in the formation of the Draghi government could also trigger the return of foreign investors, today still "light" on the long part of the Italian curve and further compress the differential between ten-year Italian and German.
The climate is more variable in the rest of Europe, while a rather cold Russian wind is blowing after the meeting in Moscow between the high representative of the EU and Putin's foreign minister. For Josep Borrell, relations between the European Union and Russia "are at a critical point", also because of the Nevalny case. According to Serghej Lavrov, relations between the two blocs are "unhealthy" as the EU "is an unreliable partner". In addition, the Russians issued a decree of expulsion for three diplomats from Germany, Poland and Sweden
Frankfurt arrives at the finish line of the session practically flat, held back by a drop beyond expectations in industrial orders in December (-1,9%), after seven months on the rise, in a context in which the restrictions to contain the spread of Covid-19 XNUMX scuttled demand from other eurozone countries.
They appreciate each other Paris, +0,9% and Madrid +1,06%. Outside the single currency area: London -0,2% Zurich -0,95%.
Overseas Wall Street updates its records and moves into positive territory, despite the slightly disappointing employment report, with 49 jobs created in January, against 50 expected. Investors then continue to follow the moves of President Joe Biden and the Democrats in terms of economic stimuli. The president is working to find an agreement with the Republicans, while the Democratic parliamentarians are moving forward to approve the 1.900 trillion aid plan with 'reconciliation', i.e. with a simple majority, to avoid Republican obstruction. Among the various stocks, Johnson & Johnson is in progress after applying to the Food and Drug Administration for emergency use authorization, in the United States, of its coronavirus vaccine. A serum that also gives Europe much hope, because it works with a single injection, even if the coverage does not appear to be top-notch (72% in the United States, 66% elsewhere, especially where the variants are very widespread). GameStop remains volatile, the title symbol of the war of small investors, currently in progress, with the Robinhood trading platform which has removed the limits on purchases of the title.
The dollar was down slightly against a panel of currencies, but is heading to end its best week in three months, on growing optimism surrounding the US recovery. L'euro today it recovers 1,2 in the exchange rate. bounce thegold, which appreciates by 1,1% to 1810,95 dollars an ounce, while the prices of Petroleum reach their highest level in a year. The April 2021 Brent contract trades at 59,45 dollars a barrel (+0,75%).
Queen of Piazza Affari today is Bper, +4,71%, after the accounts presented in recent days and in an atmosphere of renewed optimism on the resumption of the merger season in the banking sector. About this Unicredit rises by 2,17%, also in the light of the words of the president Pier Carlo Padoan who, in an interview with Republic, he affirms: "growth by external lines is one of the tools available" to the bank in piazza Gae Aulenti and the Mps hypothesis "will be evaluated like all the others, after doing the math". The Monte dei Paschi he takes it very well and earns 7,22%.
Dusting Understanding, +2,61%, which in recent months has given way to the new banking risk with the conquest of Ubi. The institute led by Paolo Messina closes 2020 with a net profit of 3,28 billion euro and the bank is offering cash dividends of 694 million euro, equal to the maximum allowed by the ECB recommendation. The banking group for 2021, including the acquisition of Ubi Banca, expects a net profit of more than 3,5 billion euros. Based on the current state of progress of the Ubi integration process, Intesa estimates synergies to increase to over 1 billion euros, when fully operational in 2024 and to over 80% in 2023, from the approximately 700 million expected at the time of the offer public purchase and exchange.
In the rest of the list they are appreciated Campari +4,43%; Recordati +3,29%; Telecom + 3,19%. Atlantia it appreciates by 1,34%. The board has granted an extension until 24 February to Cdp and company for an offer on Autostrade.
Mixed utilities: A2a +2,49%; Snam -1,28%; Terna -0,96%.
Sales penalize Enel, -1,29%, at the end of an ups and downs session following the release of the 2020 accounts, in line with expectations. Equita maintains the "buy" recommendation on the shares.
