Uncertain day on the price lists with the Milanese price list which continues to pay for the electoral uncertainties by canceling the gains from the beginning of the year. The ftse Mib recovers in the final and in any case closes in positive territory in the wake of the other European lists which showed greater conviction in the session. Milan + 0,60% with the spread falling to 327 basis points. Paris +0,9%, London +0,55%, Frankfurt +1% after the data on the German unemployment rate which remained unchanged at 6,9% and with the number of jobless which surprisingly dropped by 3 thousand units to 2,92 million. Madrid +1,3%, where Bankia falls after the record red in 2012 of 19,193 billion euros. On the banking front, during the night the EU reached an agreement in principle on the new rules on the capital requirements of banks for the application of Basel 3. The agreement also envisages limiting bonuses for managers. EU finance ministers will discuss the deal on Tuesday. The objective of Parliament and the Council is to bring into force the new directive (called Crd IV) from 2014 January XNUMX.
While the Italian elections sent a signal to European countries that are in favor of austerity at all costs, Greece has now entered its sixth consecutive year of recession. In December, the Greek statistical authorities announced, retail sales decreased by 8,7% yoy. The euro falls against the dollar to 1,3080 (-0,45%).
Some conflicting macro data has come out of the US. The US GDP was disappointing which, according to the first revision of data from a month ago, grew by 0,1% in the fourth quarter, against expectations of an increase of 0,5%. In January, however, the data indicated a decrease of 0,1%.
On the other hand, claims for unemployment benefits fell more than expected and the February Chicago PMI rose to 56,8 points from 55,6, above the 54 points expected by economists. Thanks to some disappointing quarterly earnings, Wall Street opened uncertainly before regaining its share. At the close of Europe, the Dow Jones rose by 0,10% and the Nasdaq by 0,37%. However, sales on Groupon which collapses and loses a quarter of its capitalization due to quarterly data below expectations. The group ended the fourth quarter with a loss of $81,1 million, up from $65,4 million in the same period a year earlier. Revenue climbed 30% to $638,3 million, below Wall Street expectations. The large-scale consumption of JCPenny was also bad, after the negative quarterly.
In Piazza Affari, Salvatore Ferragamo +6,19%, Buzzi Unicem +4,78%, Luxottica +3,64%, Autogrill +3,59%, Prysmian +2,58% shines. The banking sector overall was in the red: Bper -1,08%, Intesa -1,04%, Unicredit -0,26%. Mediobanca -1,94%. Generali +0,81%, Leonardo Del Vecchio today said he was in favor of confirming Galateri as president. Positive Bpm +0,48% and Mps +1,25%, today the issue of Tremonti bonds was completed for 4 billion euro.
In red on the bottom of the Ftse Mib as well as some banks also Tenaris -1,19% and Saipem - 1,30% after the new pressing by the Knight Vinke fund following its spin-off from Eni. The six-legged dog returned the invitation to the sender, underlining that “Saipem has been a phenomenal investment for Eni. In fact, even at today's prices, a shareholder who had bought Saipem shares at the time of the IPO would have realized 18 times the invested capital". Fiat reduced the day's drop and closed close to parity at -0,05%.
Parmalat +0,33%, the Public Prosecutors of Parma have requested the nullity of the Lag purchase contract and the revocation of the Board of Directors. D'Amico leaps by 9,93%: the company returns to profit in the fourth quarter after 14 consecutive quarters in the red, overall 2012 closes with a net loss of 106 million.
Consob has opened a market consultation (on the authority's website from Monday) for two recommendations addressed to companies active in the renewable energy sector and in the real estate sector which have the objective of preparing "more effective and transparent financial reporting on relevant accounts and on the main management events".
