Positive European price lists in the middle of the session, with Milan exuberant in the pink jersey, dragged by Enel, energy and banking. The spread between the BTP and the Bund is decreasing, while the governor of Bank of Italy Ignazio Visco scales down the alarmism of the Financial Times: "Will the yes or the no win - he tells La Stampa - Italy will have to go ahead with the reforms".
The effect does not seem to be easing on the markets Petroleum and Trump, who has already finalized the plan for the first 100 days, where there is no talk of walls with Mexico or the abolition of Obamacare, but of the withdrawal of TPP, a trade agreement with 12 Asian countries that was to be signed within the year. Yesterday, on Wall Street, for the first time since 99, all 4 stock exchanges (including that of small caps) set a record. The echo reaches the Asian markets this morning, which also seem to be betting on an agreement to reduce the production of black gold. Tokyo closes well, positive Chinese stock exchanges and even better Hong Kong. In Europe, all price lists have the plus sign in front: at 12 Milano scores +1,79%, London + 0,96% Paris + 0,68% Madrid + 0,47% Frankfurt + 0,62%.
Lo spread the Italian 3,56-year bond with the German equivalent drops by 173,30%, to XNUMX basis points. Brent up 1,60%, gold +0,25%. The raw material they travel strongly and it is above all the mining sector that supports the basket of the Old Continent, helped by the rise in the prices of metals such as aluminum and copper. Among the companies in evidence Anglo American, BHP Billiton and Antofagasta mark increases between 4 and 5,3%. The STOXX Europe 600 Oil and Gas is up 1%.
In the Ftse Mib we find Enel effervescent: +3,56% after the presentation of the accounts and the 2017-2019 business plan. The crackling oil companies: Eni +2,31%; Saipem +0,77%; Tenaris + 0,54%.
The entire banking and insurance sector is positive and also Ps scores a small rise of 0,18%. The popular ones are brilliant (all between 1% and 2%); Understanding +2,98%; Unicredit 1,48%. Glide instead Where's Banca (-0,10%), pending the go-ahead from the ECB for 3 of the 4 good banks (Marche, Etruria and Chieti), which should arrive on Thursday.
On the insurance front, the shine Generali, +3,56%. Tomorrow, at the Investor Day in London, the group will communicate the update of the 2015/18 business plan. The first version had been prepared by the former CEO Mario Greco and the objectives had been confirmed by the new CEO Philippe Donnet and by the general director, Alberto Minali. Today we want to know the strategies in the challenging context of the insurance sector. Well Unipol and Unipolsai.
Purchases on prevail stmicroelectronics (+2,95%): the main driver of the climb is the assistance provided by the analysts of Oddo Securities who set the opinion on the stock at "buy", raising the target price to 10 euros. Ferrari (+0,59%) and Fiat (+2,26%) had a pink day for the automotive industry: Berenberg's analysts recommend "buy" initially by setting the target price at 65 euros, while suggesting holding "hold" the latter and set the target price at 7,7 euros. Italgas recovers some of the lost ground (+1,60%).
Bucking Luxottica, which at around 12, fell by 1,49% due to profit taking after the rally of the last few days.
