TLC, MEGA MERGER IN SIGHT: VERIZON-VODAFONE
THE MARKETS SNUBB THE CRISIS, MPS STUFFED
The markets snub (for now) the Italian crisis. European stock exchanges prefer to look at Wall Street and the resumption of the movements of Mergers and Acquisitions which, among other things, could involve Piazza Affari, the cheapest stock exchange there is.
Galvanized by the good data on orders from American factories, which rose 3% in February (beyond expectations of +2,9%), Wall Street is accelerating upwards with the S&P500 index rising by 0,5% to 1.570, exceeding the all-time high set last Thursday.
In Milan the Ftse Mib index rises by 1,41% to 15.555 - The European indices are all up sharply: London +1,32% Paris +2,08 and Frankfurt +1,93%. Madrid also scores an excellent +1,54%.
Spread 10 years Btp/Bund down by 8 basis points to 332 basis points, the yield on the 10-year BTP is 4,63%, well below the critical threshold of 5%.
Lo Italy/Spain spread hovering around 30 basis points in our favour.
The signs of tension on the short end of the curve, up to 2 years, are partially reduced: the yield of the German bund is back above zero, the Swiss bund (-0,145%) still has a negative yield.
The American stock market opens higher after yesterday's drop, triggered by the disappointing data of the ISM index of the US manufacturing sector.
The S&P500 index rose by 0,3% to 1566 points. The main Wall Street index finished the session at 1.569 last Thursday, its highest level ever at the close. The intraday record of 1.576 points still stands.
The Dow Jones rose 0,35% and the Nasdaq 0,50%.
The telecommunications sector is in great fibrillation: the Eurostoxx index rises by 2,2%. Spotlight on Wall Street on the next "deal of the century": Verizon Communications +0,8% and AT&T +0,4% are reportedly working together to launch an offer on the British telecommunications group Vodafone. This was reported by the Alphaville blog on the Financial Times website.
In Piazza Affari, Telecom Italia is up by 2,81%.
After the ban on short selling issued by Consob, Monte Paschi -2,81% limits the damages after reaching -10%. Today Exane cut its target price to 0,1 euro, and Deutsche Bank to 0,15 euro.
The other lenders of the Milan Stock Exchange also reduced their losses compared to the morning. Unicredit +1,5%, Intesa +2,01%, BancoPopolare -0,92%, Ubi -1,88%. Mediobanca -3,07%.
Generali rises by 2.88%, Mediolanum -2,18% reversed course after the news of the maximum fine contested by the revenue agency.
StM shines among the industrial stocks, up 3,01% thanks to an article in the American magazine Barron's which illustrates the strong growth prospects of the Italian-French group.
Enel rises by 2.04% after a downward start: the stock reacts to the news that the South American subsidiary, Enersis, has successfully completed the capital increase.
Eni advances by 2,67% while WTI-type oil trades at 96,78 dollars a barrel (-0,3%), divergent performance for Brent, North Sea crude futures rise by 0,2% to 111,3, XNUMX dollars.
Fiat loses 1,3%, Finmeccanica +0,75%.
Prysmian rose by 3,61%. Goldman Sachs raised its target price to 24 euros from 22,5 euros.
On the rise Ferragamo +3,15% and Brembo +4%.
