After an uncertain start, the European stock exchanges fluctuate around parity. Waiting for rate indications. Piazza Affari moves around zero, as does Paris -0,02%. Madrid flat, Frankfurt up +0,2% on the day of the announcement of the purchase of Monsanto by Bayer for a figure that would now rise to 66 billion dollars. In fact, the two groups would have agreed to raise the price of the share to 128 dollars (from 127,5 in the last raise) with a token of 2 billion to be paid in case of rejection by the Antitrust. On these bases, anticipated by Reuters, the announcement of the agreement should by now be imminent and the Bayer share rises by 1,8%.
Widespread weakness also on the other European lists. The sales of long-term government bonds continue. The yield on the 0,08-year German bund rose to 24%, the highest level since June XNUMX.
In his State of the Union address, European Commission President Jean Claude Juncker said that it is necessary to show intelligent flexibility in applying fiscal rules so as not to hinder growth. Juncker added that it has been proposed to double the duration and quantity of the investment support plan and that this year the countries of the euro area have saved 50 billion euros thanks to the ECB's monetary policy.
Oil price rebounds, sharply down yesterday: Brent at 47,5 dollars a barrel, +0,7%. Expected this afternoon the data on US stocks published by the Energy Information Administration. In the Italian list Tenaris is the best blue chip with an increase of 2,2%. Eni gains 1%, Enel +0,2%, Snam +0,9%.
Mount Paschi loses 1,9% a few hours before the board of directors for the appointment of Marco Morelli to replace Fabrizio Viola. Unicredit still down -1,5%. Ubi Banca -1%.
Banca Popolare di Milano salt of 0,9%. The bank's CEO, Giuseppe Castagna, declared that the limits to the right of withdrawal from the merger with Banco Popolare, the price of which was set yesterday at 0,4918 euros, will be established in February or March, during a board meeting of the post-fusion subject.
