In balance Piazza Affari mid-morning, as well as the other price lists of the Old Continent, little affected by storm on Facebook and the other Fang (Amazon, Apple, Netflix and Google) who yesterday burned around 120 billion in capitalization on the Nasdaq under the pressure of the scandal of 50 million stolen data.
The meeting will start in a few hours Federal Reserve. In view of the communications from the US central bank, the yield on the 10-year Treasury bill rises to 2,86%, from 2,82%. The yield on the two-year bond rises to 2,30%, a level not seen for ten years.
Meanwhile, salt the euro (1,2337 on the dollar), supported by the sensation relaunched by Reuters that some "doves" of the directorate are now in agreement on the fact that the quantitative easing should end this year. Board member Yves Mersch underlined that all the prerequisites for an increase in inflation are in place, and this will allow for a gradual reduction in bond purchases, even if it will be necessary to maintain accommodative monetary policies.
In Milan the index Ftse Eb it is on a very slight rise, just above 22.600 points. In balance too Paris e Frankfurt, which fluctuate around parity. London salt of 0,2%.
The Zew index in Germany for the month of March slightly above expectations at 90,7 points against 90 estimated. Previous month 92,3.
Il Petroleum Brent is up 1% to 66,5 dollars a barrel. Russia would be ready to join an extension of the agreements with OPEC regarding production limits. There are also fears of new US sanctions on Iran.
Oils are highlighted: Eni + 0,7%. Saipem + 0,9%.
At Piazza Affari he retreats Cnh Industrial (-2%): the managing director Richard Tobin, a longtime collaborator of Sergio Marchionne, has unexpectedly resigned. Fiat Chrysler +0,3%. Magneti Marelli will be spun off and transferred to FCA shareholders. There will be no placement on the Stock Exchange, CEO Marchionne said yesterday.
The Constitutional Court begins today the session on the reform law of the popular ones. Unicredit + 0,7%. Bpm bank +0,9%. Among the insurance Generali +0,4%. The German press reports that a decision on the possible sale of the German assets will be made by the end of the summer.
The maneuvers continue Tim (+0,2%). The security management powers handed over by the outgoing Giuseppe Recchi should end up with Stefano Siragusa, recently appointed head of the infrastructure division. Siragusa would then be co-opted to the Board of Directors in place of one of the directors expressed by Vivendi.
Positive among utilities A2A, up 0,7%, which today presented the final data for 2017 and the new industrial plan. The board of directors also fixed the proposed dividend, equal to 0,06 euro per share. For 2018, analysts expect 1,21 billion euros of Ebitda.
Atlantia (+0,8%) should acquire up to 29,9% of Cellnex from Abertis. The option to proceed with the purchase of the share expires on March 23rd.
Avanza Moncler (+0,7%) which reaches an all-time high, reaching 30 euros. From the beginning of the year +15%. It is one of the best blue chips in Piazza Affari. This morning Kepler-Cheuvreux reiterated the Buy recommendation, targeting 31 euros.
Recover Astaldi: +1,2%, yesterday -3%. The company has announced that it has won the tender for the extension of the Warsaw metro. The total value of the contract is 310 million euros, of which 50% is considered to be held by the Italian company. Since the beginning of the year, the stock has achieved an increase of 9%. 2017 ended with a loss of 60%. The sword of Damocles of the 300 million euro capital increase approved a few days ago hangs over the stock.
In the rest of the list, Lily GROUP (+2%) began trading on Star this morning.
