The day seemed colorless, but in the end Piazza Affari comes to life and closes with a fractional increase of +0,33%. The pace is set by the Agnelli house, with Exor +2,4%, the best title among the blue chips.
The London Stock Exchange was more decisive, +0,52%, still in the wake of the weakening of the pound against the dollar (but recovering today), in fear of a hard Brexit. Conversely, Madrid, -0,43%, despite the fact that Spain's gross domestic product grew at a trend rate of 3,3% in 2016, according to Eva Valle, economic adviser to the prime minister's office. An increase higher than the government's previous estimates of 3,2%. Warm climate in Frankfurt +0,17% and Paris +0,01%.
Wall Street opens in no particular order, then the three main stock exchanges line up above parity thanks to the better-than-forecasted data on wholesale inventories of American companies and awaiting further stimulus during the week, starting with Donald Trump's speech. Stocks include Yahoo, which will change its name to Altana once the sale of its core assets to Verizon Communications is complete; and Canadian Valeant (+11,36% at launch), after the sale of three cosmetic brands to L'Oreal. The Dow Jones is always on the verge of reaching 20 points, an all-time record.
On the Ftse Mib, Prysmian +2,21%, Cnh, +2,23%, Buzzi +1,3%, Exor +2,4%, as well as luxury stocks, including Moncler +2,02%, stand out positively. Well Luxottica, +1,48%. Fiat climbs, +1,1% after yesterday's rally and Ferrari recovers ground +1,27%. Oil companies in the wild: Eni (+1,04%), on which Kepler's analysts have raised the target price to 18 euros from 15,50 euros, while the six-legged dog has commissioned a pool of banks to place a 10-year bond issue (maturity January 2027); Tenaris retreats -0,77%; sinks Saipem -4,24%, excluded by Goldman Sachs from the list of favorites.
Banks without precise direction. Among the worst Ubi -1,34% which on Thursday could convene the board to formalize the offer for the purchase of the Good Banks. Unicredit recovers in the Cesarini area, +0,22%, less than 48 hours from the meeting for the approval of the maxi capital increase of 13 billion euros. According to the Financial Times, Deutsche bank too, to relaunch its strategy, will have to resort to a recapitalization of at least 7 billion euros in the coming months, but if investors have to choose, the Italian institute should have the upper hand. Unipol +1,73% in dust.
After days of profit-taking, Mediaset rose by 0,24% while Vivendi lost ground in Paris (-0,74%) with the rejection of Credit Suisse which judges the group's long-term strategy uncertain. Among the problems is the outcome of the Mediaset affair, for which four scenarios are hypothesized, three of which are negative for the French.
Off the main list, Hera stands out +0,09%, not so much because of today's performance, on the eve of the presentation of the industrial plan, but because Equita sees the Bolognese multiutility as an ideal candidate to replace Mps among the blue chips. A hypothesis, that of delisting Monte Paschi, until now excluded from the Treasury. Talks between the economy minister Pier Carlo Padoan and the top management of the bank, the president Alessandro Falciai and the managing director Marco Morelli, among other things, resumed today at 18 pm.
Euro little moved; small adjustment to the spread: -0,31% the Italian 162.30-year over its German counterpart, 1,91 basis points, yield 0,95%. Brent down -54,42% to 0,6 dollars a barrel. Tonic is gold, which gains 1188.2605% to XNUMX dollars an ounce.
