End of the week in the name of the Bear for the European Stock Exchanges. TO Milano on the last day of trading of Unicredit rights, the Ftse Mib index dropped just over 1%, below 19 points. The other price lists of the Old Continent are also down: Paris leaves 0,9% on the ground, Madrid 0,7%. Also in red Frankfurt (-0,5%) And London (-0,3%).
The confusion that emerges from the administration's moves weighs on the price lists Trump (“we are looking for fine tuning” admitted the president), but also the tension that is mounting on the French public debt, now in full pre-election tussle and consequently on the Btp.
Lo spread Btp/Bund has widened again and is now trading at 184,7 basis points compared to 179 points at yesterday's closing, in the wake of the publication of the ECB minutes. With closed markets, Moody's is expected to pronounce on Spain's sovereign rating, which is currently rated Baa2 with a stable outlook.
Slightly decreasing Petroleum: Brent crude rises 0,3% to 55,8 dollars a barrel. Weak Eni (-0,6%), down Saipem (-2,1%) which yesterday had risen by 4%.
In Piazza Affari one of the few important points concerns Mediaset, driven by rumors of a forthcoming agreement on the sale of Premium between Fininvest and Sky. According to ICBPI, "the move could rekindle the speculative appeal on Mediaset due to the important benefits deriving from an immediate sale of Premium". Telecom Italia drops by 0,9%.
Another title in evidence is Moncler (+1,8%), best blue chip, Goldman Sachs raises its target to 23,50 euros and confirms the Buy.
However, the banking sector remains the focus of attention. Unicredit is down by 1,19%, at 12,48 euros. Today is the last day available to trade the option right on the stock exchange, which changes hands at 11,03 euros. The capital increase in progress provides for the allocation of 13 ordinary shares at a price of 8,09 euro each for every 5 option rights exercised.
The other banks are also down: Understanding -0,3% Bpm bank -0,7%. Mediobanca lose 1,9%, Pop. Emily -2,4%. FinecoBank +0,4%: Citigroup raised the target price to 6,9 euro from 6,5 euro, confirmed the Buy rating.
The speculative appeal is extinguished Generali (-0,3%). The company has no "preclusions" in examining a possible offer also from Intesa Sanpaolo, said Gabriele Galateri of Genola.
The German Allianz gains 2,4%: the leading European insurance group announced a 2016 profit of 6,9 billion euros, up 4%. The company will carry out a buyback for 3 billion because "a possible acquisition has not been identified on the market". But according to Handelsblatt, the Trieste company remains in the sights of the German insurance company which has 9 billion euros in cash.
Also Enel (-0,9%) is preparing to present a buyback of 2 billion to the Board of Directors on 16 March. Terna +0,4%: in January electricity demand in Italy was 27,9 billion kWh, an increase of 4,9% compared to the same month of the previous year.
Opposed the industrialists. Leonardo loses 1,6% even if Kepler Cheuvreux has raised the target price to 14 euros from 13 euros, confirmed the Buy judgment. stm + 0,1% Fiat Chrysler -1,4% Ferrari -1,7%.
Recordati +0,1%: Banca Imi has raised its recommendation to Add from Hold, with a target price of 31,5 euro.
