ALL CRAZY FOR UNICREDIT AFTER THE CLEANING
ACEA FLYES, WAIT FOR MONTE PASCHI RISES
The descent of Wall Street has slowed down the march of European stock markets. Milan and Frankfurt, brilliant up to an hour after closing, slowed down: Piazza Affari +0,39% the Ftse Mib index closed at 20833 points, after having also reached 20985 points, a level not seen since June 2011 : with this starting point, the gain since the beginning of the year is equal to 10,7%.
It does better Frankfurt +0,46%. In red Paris -0,48% Madrid – 0,29% e London -0,06%.
Nervous sitting a Wall Street, with investors reluctant to push the S&P 500 above recent all-time highs amid lingering fears over tensions in Ukraine: Dow Jones loses 0,26%, S&P 500 -0,27%, Nasdaq Composite -0,17%.
The "scandal" of General Motors grows -1,3% under the pressure of journalistic investigations that are questioning the effectiveness of US authorities. The automaker has recruited two large law firms to work on an inquiry launched by a US congressional committee into a series of fatal traffic accidents involving GM models.
In Milan, indeed in Europe, attention is focused on Unicredit +6,87%, at the center of an extraordinary cleaning operation. The bank closed the year with an unexpected loss of 14 billion dollars due to 9,3 billion euros of impairment losses on the loan portfolio and 9 billion euros of goodwill impairment losses. The stock fell after the release of the data but soon reversed course: value adjustments, seen from the perspective of Basel 3, have a positive effect as they lower capital requirements.
The wait for goes up too Mount Paschi +3,2%, which will announce tomorrow the results approved by tonight's board of directors. Also in evidence is Ubi +1%, awaiting conits.
Unipol Sai +3% , Generali + 0,8%.
Another strong point of the list is the sector of local utilities: A2A s1,9% ale, That up 9% after the presentation of the business plan: growth targets are higher than analysts' expectations.
Enel is unchanged and Enel Green Power loses 1%.
Great exploit in the luxury sector of Brunello Cucinelli +7%, after the 2013 accounts and the first data of 2014. Ferragamo +2%, waiting for the conference call. Tod's +0,3%. Yoox -2%.
Weak industrialists: Fiat -0,8% Finmeccanica +0,3%, StM -0,2%.
Eni 0,5% salt. Weak Telecom Italy -0,9% on the day of the board meeting which formalized the agenda in view of the meeting on 16 April. The objective of the current control group is a board of independents but the president, elected by the assembly, will not necessarily have to come from the minority list. Finally, the will to confirm the current ad Marco Patuano is reaffirmed
