Driven by US data and quarterly reports, European lists confirm the increases after a volatile day. Piazza Affari rises by 0,96%, in line with Paris +0,96%, London +0,20%, Frankfurt +0,49% and Madrid +1,08%. The positive dynamics of the Btp-bund spread which decreases again towards 200 basis points, with the yield on Italian 8-year bonds falling sharply, to an XNUMX-year low. In Germany, the German Constitutional Court considers that the OMT programme, of purchases of bonds of individual states by the ECB to curb the growth of spreads, exceeds its powers and requested an examination by the European Court. The ECB has taken note of “the announcement made today by the German High Court and reiterates that the OMT program falls within its mandate”. Meanwhile, German industrial production surprisingly fell: in December, the seasonally adjusted index recorded a monthly decrease of 0,6% after the +2,4% in November (revised data). The 2013 trade surplus flies, reaching a new record. The trade surplus reached 2013 billion euros in 198,9, after 189,8 billion in 2012, surpassing the previous record of 195,3 billion reached in 2007. Imports fell by 1,2% compared to 2012.
A London the candidacy of Lucrezia Reichlin, professor of Economics at the London Business School and responsible for research at the ECB between 2005 and 2008, for the role of deputy governor of the Bank of England has emerged. In Great Britain, industrial production and manufacturing activity rose in December: respectively +0,4% and +0,3%, on a monthly basis.
Wall Street, after a positive start, confirms the gains at the close of Europe with the Dow Jones rising by 0,38% and the Nasda by around 1%. In the United States, January labor market data has been released. 113 jobs were created, a level lower than the expectations of analysts who had expected the creation of 189 jobs the unemployment rate fell to 6,6% from 6,7% in December and the rate of participation in the force increased work, which rose from 62,8% to 63%. The euro-dollar exchange rate rose to 1,3574.
Mediolanum runs in Piazza Affari +4,6%, which benefits from the start of coverage by Citigroup with a buy recommendation and a target price of 7,6 euros. As well as Unicredit +3,5% on which Citigroup has always raised the rating to buy from neutral. Attention then returned to banks in relation to the bad bank hypothesis. Intesa +0,10%, Bpm +1%, Banco Popolare +0,56%. However, the best stock on the Ftse Mib is Buzzi Unicem which runs by 4,6% thanks to the preliminary data of 2013 with volumes above the daily average. Buzzi announced that it closed 2013 with net revenues down by 2,1% to over 2,75 billion euros with cement sales up by 0,3% to 27,4 million tonnes and ready-mix concrete down 5,1% to 12,9 million cubic meters. The recurring EBITDA in 2013 is expected by the company to be higher than the previous one.
Among the best of the main list too Mediaset +3% and Telecom Italia +2,7%. Well too Salini Impregilo +1,4%. The Gupc international consortium, led by Sacyr and of which Impregilo is a part, has made a new offer to the Panama Canal Authority to resolve the dispute over the extra costs of the canal widening works. At the bottom of the Ftse Mib Tod's -1,9%, Saipem -1,6%, Mps - 1,15%, Exor -0,72% and Luxottica -0,64%.
