We hope for a day of adjustment on the markets after yesterday's new sales triggered by the Chinese economic prospects and the drop in oil, the two themes that made the lists volatile throughout January. After the decline of Wall Street yesterday evening (Dow Jones -0,47% and S&P500 -0,53%), today the Nikkei it lost 0,6% and exhausted the boost that came with Friday's stimulus move by the Bank of Japan. But the positive sign returns to the Chinese markets: Shanghai salt by 1,69% and Shenzhen by over 2%.
Il Petroleum it is still down with the WTI dropping more than 2% to 30,97 dollars a barrel, after a drop of 5% at yesterday's close. The collapse of crude oil is felt by the corporate giants: Vallourec, one of the major suppliers of pipes for the oil industry, has announced 2.500 layoffs and halved activities in Europe, as well as a capital increase of one billion euros.
With regard to the Fed, on which attention is high after the move by the BoJ and awaiting the revision of the decisions of the ECB at the beginning of March, Stanley Fischer, the vice president of the US central bank, in his speech prepared for his speech at the Council on Foreign Relations of New York immediately said it "can't answer" the question of what the Fed will do at its next meeting in March: "We just don't know."
During the night, in the US primaries in Iowa, Cruz beat Trump (who in the meantime is being attacked by the singer Adele so that he doesn't use his songs during the electoral events), while Sanders and Clinton are tied.
GOOGLE SURPASSES APPLE
FERRARI PRESENTS THE ACCOUNTS
On Wall Street there is the historic overtaking of Alphabet (the Google holding) which beats Apple by capitalization and becomes the first company in the world on the lists. On the markets today, on the macroeconomic front, we are looking at data on unemployment in Italy, Germany and the Eurozone, while data on car sales are expected from the United States in January. Ferrari's Board of Directors will examine the accounts which will then be presented to the financial community.
yesterday the Ftse Mib closed down by 0,92%, London -0,44%, Frankfurt -0,52%, Paris -0,65%. In Europe, the price lists were also conditioned by the data on the PMI manufacturing index which fell to 52,3 points in January from 53,2 (final reading). The euro-dollar exchange rate rose by 0,13% to 1,0902.
SALES ON EYEWEAR
BANCO-BPM, EXCHANGE AND GOVERNANCE IN THE SPOTLIGHT
In Piazza Affari, sales hit Luxottica above all, which dropped 5,73% due to the repercussions of the sudden resignation of CEO Adil Khan. Outside the Ftse MIb, Safilo also did badly, collapsing by 12,14% after the data. The company communicated that preliminary sales in 2015 amounted to 1,279 billion euros, with an increase of 8,5% at current exchange rates, but in line with the 2014 figure calculated at constant exchange rates.
Returning to the blue chips: rights are among the worst Saipem (-4,48%), bmps (-3,85%), Unipol (-3,67%) And Mediobanca(-3,12%), which, it emerged from Consob communications, had begun to lighten its position on Generali at the beginning of December. Telecom -2,79% after the news that Ofcom, the authority that regulates the British communications market, is preparing to issue an opinion against the merger in England between two telephone companies, 3 and O2.
Purchases reward Banco Popolare (+5,99%), in the wake of expectations for the merger with bpm (+1,20%). However, there would be the last details, not just to be defined, the exchange of the merger between equals and the governance of the new group.
Cnh Industrial + 2,96% Mediaset + 2,08% Atlantia + 1,95% Ferragamo + 1,54%.
Weak the others banks: Ubi -0,14%, Unicredit -0,85%, Intesa -2,14%. Yesterday, in the annual debate in the European Parliament on the ECB's budget, President Mario Draghi confirmed a possible reconsideration of the moves of the Eurotower in early March. On the hot topic of the bail in, Draghi said that we must "better harmonize bail-in rules and ensure that confidence in the security of deposits is equally high in all euro area member countries, by creating a European Deposit Insurance Scheme”.
Meanwhile Mediobanca he calculates in a report that with the agreement on the bad bank, one third of non-performing loans are transferable (calculated on 150 billion gross non-performing loans of a group of banks, the whole system reaches 200). The mechanism set up by the Treasury, the analysts explained, is worth up to six percentage points of benefit.
