It wasn't a particularly dynamic day. Nevertheless Even though Piazza Affari could not keep up with the rushing pace of the Frankfurt Stock Exchange, it saw its stars shine: first of all Anima which, driven by rumors of a possible interest by Poste Italiane for the share held by MPS, closed up 7,5% at 7,83 euros. With the asset management title, they ended up in the spotlight too Juventus and Lazio, respectively + 10,22% and + 8,11% who will play in the final of the Coppa Italia. In the selection of the best titles also Mediaset and Tenaris.
All European squares, with alternating luck, benefited from the day. Slower and less thrust However, Milan closed with an increase of 0,31%. The FtseMib has taken a further step forward at 23877,25 and is approaching the 24.000 mark. Frankfurt raced and conquered +1,71% confirming itself as the best; Paris +0,60% e London +1,06% while Madrid remained flat +0,04%.
The day also saw the closing of theBot auction 12 months at rates still declining, with new lows and yields that are close to zero (+0,013%) or even become negative net of commissions (-0,138%). Now all eyes are on the Btp Italia which arrives on Monday and has a minimum coupon of 0,5%.
Looking at the coins, Federal Reserve minutes released in recent days have reinforced the impression that the US central bank is on the verge of a rate hike that has pushed the greenback higher and put pressure on the euro, helping stock markets European countries that continue to exhibit indexes at the highest levels in recent years. Wall Street opened trading very cautiously and then rose to +18% at around 0,5.
The ideas in Milan concerned, as mentioned, Anima on the rumors of a possible interest by Poste Italiane for the 10,3% stake in Mps in the listed asset manager, which could lead to a distribution agreement between the two. Operators consider Poste, with its widespread distribution (about 13.000 branches) concentrated on the offer of traditional postal and life savings products, as the ideal partner for a factory of asset management products specialized in serving banks.
"The managed savings of Poste Italiane customers is about 11% of assets and bringing it to at least 15-16% in line with other retail banks there would be an additional flow of 20 billion in funds, of which Anima could intercept 10 billion", underlines Equita which today raised the target price on the Anima share to 8,3 from 7,4 euros.
For Intermonte a possible agreement “could be very positive for Anima's estimates as we expect it could lead to several billions of new masses with limited additional costs”.
Anima and Poste have not commented.
They also stand out on the Milanese market Mediaset + 2,87%, for the potential interest by Vivendi in hunting for good deals in which to use its liquidity, e Tenaris +1,86% which has benefited from the oil price rise. Brent is trading at around 58,7 dollars a barrel (+1,8%) and West Texas Intermediate is over 51 dollars (+1,30) at the end of the week.
