MPS, DRAGONS FLY FROM CRICKETS. PERFUME: NO TO THE COMMISSIONER
THE BULL ADVANCES TOWING THE BANKS. TODAY THE FED SUMMIT
Private meeting, yesterday, in Milan between the president of the ECB, Mario Draghi, and the Minister of Economy Victor Grilli. Theme of the meeting: Monte dei Paschi di Siena, of course. It was not the only "lesson" in view of today's confrontation before the Finance and Treasury Commissions. Grilli also met with Claudius Costamagna in the role of expert in derivatives and related products. This morning, before the exam, there will be the summit with Ignazio Visco (Bank of Italy), Fabrizio Saccomanni (Ivass) and Giuseppe Vegas (Consob).
An intense eve in view of a day that promises to be hot. “Monte dei Paschi Bank it should not be commissioned and will not be commissioned”. This was stated by the president Alessandro Profumo, answering a question on the proposal of the secretary of the Pd Pier Luigi Bersani who suggested commissioner powers for the president and the CEO (Fabrizio Viola, ed) of the Sienese institute. Thus Profumo interpreted the position of via Nazionale, supported by the attitude of the international financial community. “Monte Paschi is a unique case” commented Mark Carney, next governor of the Bank of England and head of the Financial Stability Board.
The Sienese bank also had a mixed performance on the stock exchange: the Monte Paschi rally which closed with an increase of 0,6%, after registering +6% in the middle of the session. The "hottest" front remains the judicial one: against Giuseppe Mussari, in addition to the crimes already disputed, the accusation of fraud is outlined.
The case has not, moreover, weighed on the excellent performance of the credit sector: Unicredit gained 1,8% also thanks to the promotion of Goldman Sachs which raised the recommendation from “neutral” to “buy”. Understanding rose by 2,6%, Ubi + 1,4% Mediobanca + 1,9% Banco Popolare + 2,3%.
ASIA
Positive signals coming from Asian lists. Tokyo advances by 0,4%. Only Hong Kong is down by 0,08%: the decision by Goldman Sachs to sell its package, worth one billion dollars, in the Industrial & Commercial Bank of China, the world's number one institution for loans, weighs heavily. Conversely, Japanese banks celebrate profits, starting with Mitsubishi +4%.
Of relief the leap of Samsung Electronics +3,1% % after the quarterly data from which emerges its victory over Apple. The parent company Samsung C&T +6,3% does even better.
AMERICA
Contrasting macro data on the eve of the FOMC summit, the first of 2012: the durable goods index grows +4,6%, but the indicator of existing home purchases disappoints (-0,4%)
THES&P index -0,2% defends 1.500 (1500,18) with some difficulty, Dow Jones -0,1%. The rebound of Apple +2,3% allows the Nasdaq +0,2% to close in positive ground.
From the quarterly front it stands out the good result of Yahoo!. Melisse Meyer's work begins to bear fruit, the gap from Google is shortened. Of the 152 companies that announced their end-2012 data, 76% beat their estimates.
EUROPA
After Friday's records, when the overall index of European stock exchanges Stoxx 600 had closed on 23-month highs, markets took a breather.
London + 0,1% Paris unchanged, Frankfurt it fell by 0,3%.
Le banks were the best stocks (Stoxx in the sector +0,6%). In Paris BnpParibas rose by 2,5%, in London Barclays +1,7%, in Zurich Ubs +1,1%, in Frankfurt Deutsche Bank. +1%.
BUSINESS PLACE
La Milan Stock Exchange closed higher with the FtseMib index gaining 0,9%, clearly outperforming the other European indices.
Sul government bond market, the 10-year BTP yields 4,19% with a spread of 250, almost unchanged. The 6-month Bot auction is on the calendar today.
In the price list of Piazza Affari stands out the leap of Mediolanum + 4,5%. Deutsche Bank raised the buy recommendation from the previous hold, the target price was brought to 5,5 euros from 3,8 euros. The same broker raised Azimut's target price to 14 euros from 10,5 euros, the share rising by 1,2%.
Among the insurance Generali gained 0,9%, Fondiaria Sai +1,9%, Unipol +3,1%. Yesterday it was decided that the new company, headquartered in Bologna, will be called UnipolSai.
leap of A2A which closed with an increase of 5,9%: the company should have closed 2012 with a profit of 1,03 billion euros. Remaining in the segment of utility, the increase in Iren +3,4% should be noted.
Telecom Italy it lost 0,4%. The company is not interested in expanding into South America through acquisitions and is not aiming for the Brazilian Gvt, because, according to president Franco Bernabé, it is too expensive.
Fiat Industrial it rose by 2,7%, encouraged by the rise of its competitor Caterpillar which on Wall Street rose by 1,6% after the 2012 results. Fiat Industrial will release them on Thursday 31 January.
The anticipation for the bills is growing Fiat +2,2%, to be examined by tomorrow's board of directors meeting in Grugliasco on the occasion of the inauguration of the former Bertone plant where the Maserati quattroporte will be produced.
Among the mid caps, Yoox gained 3,6%. During the day, the stock rose to 14,46 euros, a new all-time high.
