In anticipation of the Fed meeting, which starts tomorrow, the stock markets have forgotten the Draghi effect. After the last two recovery sessions, the lists open the week down in the wake of the new drop in crude oil (in New York -4,7% the WTI at 30,64 dollars a barrel).
The speculative pressure is back on the securities of Italian banks and above all on those which are the subject of particular attention from the ECB. Milan, the place most sensitive to the credit sector, is the worst in Europe: The Ftse Mib index falls by 2,03% to 18641. Paris loses 0,58%, Frankfurt - 0,29%, London - 0,39%.
The rebound of the American stock market, which rose on Thursday and Friday, has stopped. Sales restart across the entire price list and oil engages the reverse gear again. The Dow Jones index is down 0,7%, S&P500 -0,8%, Nasdaq -0,6%.
In Milan, Bpm -6,1%, Banco Popolare -7,09% and Unicredit -6,4% lose ground. Montepaschi turned down in the afternoon -3,3% to 0,725 euros, after going down to 0,8245 euros in the morning.
Meanwhile, the total popular continues: today Equita writes that a three-way plan with two banks that should aggregate MPS is not so probable. For analysts, the greatest chances of success are represented by the very short-term merger between Banco and Popolare di Milano. Mps could then be added to this new reality.
Shivering fluctuations at the start of the Saipem capital increase: the stock ends the session with a rebound of 18,5% after closing on Friday down by 20%.
Today's final price, €0,6270, is not comparable with Friday's (€4,202) because it takes into account the option rights which did not sell for the entire session today but closed with a final reduction of 21%.
The 3,5 billion euro increase provides for the option offer to shareholders of 22 new shares for each ordinary and/or savings share held, at an issue price of 0,362 euro per share. The company also ends up in the spotlight for the 5 billion dollar maxi-contract that it should sign today with the Iranian authorities, on the occasion of President Hassan Rouhani's visit to Rome.
GThe agreements with Tehran for 5,7 billion euros have made them fly Danieli +21,02% to 17,33 euros, reducing the loss since the beginning of 2016 to 17%. Defensive stocks such as Campari (+1,1%) and Snam (+0,4%) also shine.
In heavy decline Cnh Industrial (-3,9) in the wake of Caterpillar -3% on which Goldman Sachs downgraded the recommendation to Sell from Neutral. JP Morgan confirmed the Underweight recommendation on the Exor-controlled farm tractor, truck and bus company this morning. The target price is 4,62 euros.
The negative opinion on the stock is contained in an extensive report which forecasts a difficult year for companies in the sector, afflicted by a persistent problem of high inventory levels. The company will release its 2015 data on Friday, January 29.
Fiat Chrysler (-1,93%) Next Wednesday, the first Italian blue chip will open the 2015 budget season. While waiting for the accounts, Banca Imi confirmed the add recommendation and the target price of 10,47 euros on the stock.
