MPS AND POPOLARE SEND PIAZZA AFFARI IN ORBIT
INFLATION STILL DOWN, NEW INPUT FOR THE ECB
European stock exchanges in surplace, around parity.
It's an exception Business Square, thanks to the fireworks of the banking sector.
The index Ftse/Mib up 0,65% to 21635, driven by credit.
THEItalian stock during the week ending March 25 it attracted record flows of $342 million, according to Epfr Global, in a context that has seen investors increasingly willing to bet on the country's economic recovery as well as on further measures by the European Central Bank to support growth in the euro area.
In Frankfurt the Dax loses 0,14%, in Paris the Cac40 scores -0,26%. Madrid +0,17%. In London, the FTSE rose by 0,21%, after strong signs of easing between the US and Russia on the situation in Ukraine.
In the Eurozone inflation in March it grew by 0,5% on the previous year, the lowest figure since November 2009.
After the latest openings by the Germany, the markets are betting that in Thursday's meeting, the governed Mario Draghi, will announce a more expansionary monetary policy.
It's the day of Mps +8,86%. In Siena, the time has come for a revolution which, just three months ago, would have seemed like science fiction: the Foundation sold another 6,5%, of which 4,5% to Fintech Advisory and 2% to Btg Pactual, dropping fifth to 5,5% based on the latest communications. But it has also announced a shareholder agreement with two buyers with which together it will keep 9% of the group after the capital increase. In March, the Foundation sold 24,5% of the MPS capital, remaining, unless other sales were made in the meantime on the market, with a 5,5% stake, of which 2,5% is a syndicate. On the unrestricted residual portion "we will evaluate in the coming weeks what to do, in any case in support of the institution's strategic plan", says the president Antonella Mansi.
The Bull also blesses the capital increase to 9 euros per share of Banco Popolare +8% on the day of the start of the capital increase to 9 euros per share. Il. The right is exchanged at 4,93 euros.
Gallop Bpm +5,6%, in view of the forthcoming recapitalisation.
IntesaSanpaolo rises by 2,33% driven by a flurry of promotions on the new business plan. Morgan Stanley raises the target price to 2,8 euros, Overweight recommendation. Bank of America raises its target price to 3,1 euros from 2,4 euros, Buy confirmed. Ubs raises the target price to 2,75 euros from 2,45 euros, Buy confirmed. SocGen raises to 2,7 euros from 2,5 euros, Buy confirmed.
Sale Fiat +1,82% on the day of the last ordinary meeting before the wedding with Chrysler. "The birth of FCA will put an end to the precarious life of Fiat: for 20 years I lived the difficult and uncertain life of the Fiat automotive business," said Johnn Elkan. “Today we have different perspectives for the first time.”
Finmeccanica +1,34%, StM -0,37%.
Down Pirelli – 1,55%: SocGen has raised the recommendation to Buy from Hold.
Eni and Enel both moved little -0,39% and Telecom Italia +0,29%.
Mediaset -0,59%, could shortly announce the entry of a partner into the new company in which it is bundling the pay-TV activities in Italy and Spain.
More sales on Luxury: Yoox loses 2,2% and becomes the worst blue chip since the beginning of 2014. Moncler -1,28%, after 2013 data. Ferragamo -1,31%.
Rcs savings bonds rose (+3,5% for category A, +7,2% for category B) after the Board's proposal to convert them into ordinary shares -1,9% before on an optional basis, with a substantial premium, and then mandatory, with a smaller premium.
