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Fiat and Tenaris: sprint to Piazza Affari. The European PMI improves, Italian businesses are ok

Lingotto is running, awaiting the quarterly report: by midday the stock is now at its highest level since July 2011 – Tenaris is also doing very well, after the promotion of Mediobanca and Equita – The European PMI improves: Italian businesses are ok – Setback , on the other hand, at the end of the year for managed savings – Enel recovers after a negative start

Fiat and Tenaris: sprint to Piazza Affari. The European PMI improves, Italian businesses are ok

La Milan Stock Exchange accelerates with the FtseMib index gaining 0,59% to 20077,11. Less enthusiastic Paris +0,12%, in negative ground London -0,09% and Frankfurt -0,14%. Madrid +0,47%. TO London the publisher of the Financial Times, Pearson , leads the declines, down by 6,4%, after a profit warning on the 2013 accounts. The Italian 3,84-year yields 209%, spread at XNUMX points.

Unlike China, the PMI markit is improving (survey on the confidence of purchasing managers) in the euro zone, which rose to 53,2 points in January from 52,1 the previous month. The figure is above analysts' estimates of 52,5 points.

The Italian figure for extra-EU trade in December was good at 3,4 billion up from 3,2 billion in December 2012. In all of 2013, the extra-EU trade surplus amounted to 20 billion from a surplus of 800 million in 2012.

The flight of Fiat and Tenaris stands out in Piazza Affari. Fiat is running at its highest level since July 2011 with an increase of 3,57%. Tenaris +5,09%. The world's leading pipe company for the oil industry rises after the promotion of Mediobanca and Equita have promoted the action, recommending the purchase due to the acceleration of growth expected for this year, for the chances in Mexico and Argentina and for the possibility of a maxi dividend.

They raise their heads i banking after yesterday afternoon's sales: Unicredit +0,09%, Monte Paschi -0,06%.

Understanding +0,15%. The bank has reached an agreement for the sale of 100% of the Ukrainian subsidiary Pravex-Bank to CentraGas holding for 74 million euros and has signed a binding protocol for the sale of the stake held by the subsidiary Intesa Sanpaolo Vita in the Chinese life company Union Life ( 19,9%) for 146 million euros. Expected capital gain of 150 million from disposal of Sia stake.

Generali + 0,24%.

Sale UnipolSai +1,79%, according to the president of the group Fabio Cerchiai, the transfer of 1,2 billion policies to Allianz will be authorized by the Italian Antitrust.

Setback at the end of the year for managed savings, with 2013 which is in any case starting to close as the best year since 1999. According to the preliminary data released today by Assogestioni, in December net inflows were negative by 582 million euros (it was +4,788 billion the previous month and - 4,3 billion a year earlier), thus interrupting a positive streak that had lasted eleven months.

Eni salt of 0,8%, Saipem + 1,95%. Retrieve Enel +1,33%, after a negative start and gains 0,5%. Down Telecom Italy + 1,27%.

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