Business Square closed down against the trend compared to Europe: il Ftse Eb yields 0,16% weighed down by banks that have slipped into negative territory. Understanding -0,87% Banco Popolare -0,13% Where's Banca -0,97% and bpm -1,08%. Resists in positive territory Unicredit +0,43%. Run instead Ps which leaps by 11,36% between sustained exchanges (12% of the capital) on the longest day of the extraordinary meeting which approved the increase in support of the Monti Bonds.
Frankfurt is the best in Europe +1,42% boosted by the excellent data on the Ifo index, which measures the confidence of German businesses, and which rose to 104,2 points in January from 102,4 the previous month. Paris rose by 0,69% while London by 0,31% weighed down by the fourth quarter GDP data which disappointed expectations.
Mario Draghi, who spoke today from Davos, sees the recovery for the Eurozone in the second half of 2013 and asks governments to continue along the path of reforms for employment and competitiveness, without abandoning recovery, which however, she believes, must now pass through cuts and not from taxes. The spread closes below 250 basis points. The euro continues to climb against the dollar and reaches 1,3457. Gold fell to 1.661,30 dollars an ounce and oil fell by 0,16% to 95,80 dollars a barrel.
A Wall Street at the end of Europe, the iondices are positive despite the much worse than expected data on sales of new homes in the United States, which fell by 7,3% in December to 369 units. The Dow Jones rose by 0,28% and the Nasdaq by 0,32%. The world leader in the consumer goods sector, Procter & Gamble, rose after the accounts, which closed the second fiscal quarter with a net profit of 4,06 billion dollars , more than doubled from 1,69 billion in the same quarter of the previous year. The group also raised its outlook for fiscal 2013 with core earnings per share seen in the $3,97-4,07 range, 3-6% above the prior year. The Ftse Mib was also dragged down by the drop of Pirelli -3,30% after Deutsche Bank cut its rating and of Saipem -2,69% in the wake of the reduction of the recommendation to equalweight by Barclays analysts. Bad also Diasorin -1,52%, Mediaset -1,26% and Tenaris -1,25%.
Highlight instead stm +3,97% in the wake of the Exane upgrade which raised the recommendation to outperform from neutral with the target price rising to 10,9 dollars. And Exor +2,91%. Fiat closes around parity (+0,04%). According to the average expectations of a consensus of 23 analysts published by the company, the 2012 net profit of the Fiat group, including Chrysler, may have exceeded the Lingotto target
