DEUTSCHE BANK AND CHINA HOLD DOWN THE STOCK EXCHANGES
LUXOPTICAL ROOMS. MERGER IN THE AIR FOR INDESIT
Weak them EU stock exchanges weighed down by the disappointing quarterly results of Deutsche Bank and by the slowdown in the Chinese economy. Beijing's GDP grew by 2013% in the fourth quarter of 7,7, with a slowdown compared to the +7,8% of the previous quarter. The whole of 2013 recorded a growth of 7,7%, identical to that of the year previous. For 2014, economists forecast an average growth of China of 7,4%, which would be the lowest since 1990. The index of the European mining sector loses 0,8.
A Business Square the FtseMib index lost 0,14% to 19.940. Similar changes also for the other indices: London -0,02%, Paris -0,05%, Frankfurt -0,33%. Madrid -0,21%.
Positive indications from theItalian industryThe seasonally adjusted industrial orders index rose 2,3% month on month in November compared with a 2,3% decline (revised from 2,5%) in October, Istat said.
The banks go down under the pressure of Deutsche Bank -4,96% after reporting losses of 1,15 billion euros due to the heavy costs incurred for restructuring and legal disputes. Deutsche Bank also warned that 2014 could be another year of challenges and changes for the institution.
Lo Stoxx Europe 600 banking it lost 0,73%, the worst among the European sector indices.
Unicredit falls by 1,43%, Intesa -0,77%, Monte Paschi -2,08%, Banca Popolare di Milano -3,18%. Banco Popolare -1,98%.
The insurance: Generali -0,82%, UnipolSai -1,45%.
Highlight instead Luxottica +3,56%, promoted by Deutsche Bank to Buy from Hold. Again Deutsche Bank instead downgraded Safilo -3,07% to Hold da Buy.
Telecom Italy gains 0,17% supported by Equita's decision to promote the share to Buy (target price revised from 0,75 to 0,98 euro for the ordinary and from 0,6 to 0,79 euro for savings), and to place it in his main wallet.
They are positive Fiat +0,67% and StM + 0,26%.
Finmeccanica loses 1,18%.
In great evidence Indesit +3,5%. The hypotheses on the possible aggregations of the Fabriano group multiply. Updates from the advisor Goldman Sachs are expected for the Fineldo board meeting on January 27th and for the Indesit board meeting on February 12th. For analysts, a merger with Electrolux or Whirlpool would allow greater synergies to be expressed and could be achieved in part with an exchange of shares.
The rise of Wdf +2% continues.
Tenaris +1,4%, Saipem +1,90%. Maire Tecnimont +2%, has signed agreements to build two fertilizer plants in Russia for a total value of engineering activities of approximately 30 million euro.
Trevi +5,54%, it was awarded new contracts for 120 million dollars
