European stock markets rebound after the shock of the Brussels attacks. Business Square it rallied all morning but then narrowed the lead. The other European markets were also positive with earnings of less than one percentage point Frankfurt (+1,02%), thanks to the interest in the seed division of Bayer (+1,8%) by Monsanto.
From the USA comes the echo of interventions by bankers of the Fed inclined to proceed with the rate increase as early as April. The euro fell against the dollar for the fourth consecutive day to 1,118 from 1,121. Even the Brent it is down 1% to $41,4. In Milan both the Banco Popolare that the Banca Popolare di Milano are suspended pending a press release.
Today the board of directors of the Verona institute and the supervisory board of piazza Meda meet, which will be followed by another meeting of the management board. "So we expect the two banks to announce the merger today while some details will probably be communicated after the formal approval of the ECB," Banca IMI analysts predict.
In the European banking sector stands out the Credit Suisse (+2%) after announcing a further cost cut of 800 million Swiss francs and plans to slim down the investment bank. Best of all it does stm up 4%. Prysmian + 1,5%.
Shines Enel up after the approval of the accounts. The company closed 2015 with a net result of 2,196 billion, up 324,8% compared to 2014, last year, which had been penalized by 6,5 billion euro of write-downs. The targets for 2016 and the industrial plan have been confirmed. The board of directors has given the green light to the plan for the ultra-broadband plan which will connect 224 Italian cities with a "Fiber to the home" network thanks to investments of around 2,5 billion euros. The BoD will propose to the shareholders' meeting a dividend of 0,16 euros per share against 0,14 euros last year to be paid on 20 June. On today's quotation the yield is 4%. Positive too Erg which improved profits (+60%), doubled the dividend to 1 euro and grew on the Stock Exchange by 6,2%.
Even more effervescent Poste Italiane (+4%) following the publication of the 2015 data. The company recorded an increase in total revenues of 7,8% to 30,7 billion. The Postal Services area was down (-4,4% to 3,9 billion) and the Insurance Services area was up (+14% to 21,4 billion). The board proposes to distribute a dividend of 34 cents per share.
In decline Mediaset (-1,85%). The stock was hampered by the denial by the financial director Giordani of the forthcoming sale of Premium to Vivendi (revenues of 152 million euros, below analysts' expectations), but the rumors continue. The day after the results, SocGen cut the target price to 4,10 euro, confirming the Hold judgment. Barclays instead raised the target price to 3,50 euros from 3,20, but confirmed the negative Underperform rating. The luxury stocks bounce: Ferragamo + 1,5% Luxottica + 1,19%.
Salt too Fiat Chrysler (+0,7%), while the placement of an 8-year bond launched this morning is underway: at 12, bookings had exceeded 2,5 billion.
