THE USA BULL GIVES THE PRICES A CHARGE. FLY TOKYO
FOR ONE DAY THE BUSINESS SQUARE SNOBES POLITICS
The energy of Wall Street energizes the markets. Also to Business Square, despite the lack of noteworthy signals from the political news.
The action of central banks is favoring the shock. Looking forward to taking the field tomorrow Mario DraghiYesterday I received strong signals from the States. Both Atlanta Fed Governor Dennis Lockart and Chicago Fed Governor Charles Evans have reiterated that quantitative easing will last at least through 2014.
This morning, then, the meeting of the Bank of Japan, the first under the direction of Haruhiko Kuroda, the new governor who promises war on deflation by any means.
But a roaring season is also looming for the M&A. Yesterday an authoritative rumor took shape, launched by Alphaville, the financial blog hosted by the Financial Times: it's coming soon an offering from Verizon Communications and AT&T on Vodafone which in London gained 2,8%. On the wave of the news the telecommunications sector it gained 2,2% in Europe. Also Telecom Italy marked an increase of 2,8%. In short, the anti-depression prescription is more business and less politics.
TOKYO IN FLIGHT. AND US HEALTHCARE GIVES THE BULL VITAMINS
The index Nikkei +2,4% greeted Kuroda's arrival with a robust rise, also thanks to the good news arriving from the United States.
New absolute record for bothS&P 500 index +0,5% to 1570,25 and for the Dow Jones +0,6% to 14.662. The Nasdaq also rises +0,5%.
Il engine use in any case it travels at full capacity, but without jerks thanks to two factors: the good data arriving from the economy, see orders from American factories, which rose by 3% in February; the constant reassurances arriving from the central bank. Atlanta Fed Governor Dennis Lockart and Chicago Fed Governor Charles Evans last night reiterated that quantitative easing will last at least through 2014. Wall Street accelerated upwards with the S&P500 index rising 0,6% to 1.572, over the all-time high set last Thursday. The Dow Jones index rose by 0,6% and the Nasdaq by 0,7%. But yesterday's optimism was justified by the health sector. Among the brightest stocks are Humana +7,2% and UnitedHealth +7%, which benefit from the US government's decision to increase the contribution to health organizations that work with the service American public Medicaid. The decision came as a surprise, given that the forecasts were for a reduction in public contributions.
THE MINE IS DEFUSED CYPRUS, MILAN AND MADRID ARE BREATHE
The collapse of the Southern European price lists, on which Italy's political uncertainty weighs down, luckily it didn't happen. Also thanks to the green light for the 10 billion euro loan for Cyprus where, amid controversy and resignations, the new economic plan is about to take shape.
Sovereign debt gains: lo 10-year Btp/Bund spread down by 8 basis points to 338 basis points, the yield on the 10-year BTP is 4,68%, well below the critical threshold of 5%. The Italy/Spain spread stands at around 30 basis points in our favour.
A Business Square +1,4% soar for luxury and energy stocks.
In the rest of Europe, it strengthens Madrid, up 1,65%, while Paris advanced by 1,98%, Frankfurt by 1,91% and London by 1,23%
In Europe, the best performing stocks of the day were insurance. Generali rose by 2,8%.
CONSOB INGESSES MPS, STM SUPERSTAR
Passion day for MontePaschi finished down 2,8% after the 2012 budget data announced Thursday evening. However, the stock managed to avoid the worst, after having sold even 10%, thanks to the ban placed by Consob on short selling. Exane cut the target price to 0,1 euro, and Deutsche Bank to 0,15 euro.
Thrill ending also for Mediolanum -2,2% after the news of a tax assessment of 340 million euros arrived at the stock exchange.
At the end of the day between banks only Unicredit and Intesa, which gained 1,5% and 2% respectively, closed in positive territory.
Negative closures instead for Popular bank -0,9% Ubi -1,8% and Mediobanca -3%. Also declining bpm -1,11%, penalized, according to Intermonte analysts, by the opposition announced by Fiba-Cisl to the transformation project into a joint-stock company, which could lead to an "uncertain outcome of the meeting" on 22 June, called precisely to express itself on the project.
Among industrial stocks it shone StM, up 3% thanks to an article in the American magazine Barron's which illustrates the strong growth prospects of the Italian-French group.
Enel gained 2% after a bearish start: the stock reacts to the news that its South American subsidiary, Enersis, has successfully completed its capital increase.
Sharp rise of Eni +2,6%. Backtrack by Saipem -2,2%.
Fiat it lost 1,3%. The sales of Chrysler in the USA they did not favor the Lingotto stock, which lost 1,3% to 4,09 euros, going against the trend with its rivals in Europe. Cautious Fiat Industrial (+0,17%). According to Mediobanca analysts, the hypothesis that the Lingotto group could sell the Alfa Romeo brand to Volkswagen to complete the acquisition of Chrysler would have become more credible.
Finmeccanica +0,7%. For the presidency the candidacy of the diplomat Giampiero Massolo is making its way.
Prysmian rose by 3,6%. Goldman Sachs raised the target price to 24 euros from 22,5 euros.
On the rise Ferragamo +3% and Campari + 1,1 %
