SPREAD DOWN, PRICE LIST RECOVERING: APPARENT CALM IN THE STOCK MARKET. WALL STREET HUNTS MASON, THE FOUNDER OF GROUPON -24,3%
"Come on the comedians" as Elisabeth Taylor sang. The Economist, regardless of the indignation of Giorgio Napolitano, uses the same image of Peer Steinbrueck, leader of the German SPD: today the weekly will come out with the cover photo of Grillo and Berlusconi below, precisely, the title "send in the clowns ”.
It's useless to blame: a harmless teasing is better than a shower of sales on Btp and Piazza Affari, which, except for Tuesday, did not happen. After all, the position of the patron of Luxottica is certainly not isolated even in the world of Big business Leonardo Del Vecchio. "I don't think Grillo is dumber than the ones we've had so far." Luxottica meanwhile, yesterday, in Piazza Affari earned 3,62%. The markets, at least, for now, seem to give time to Italian politics.
The FtseMib index of Piazza Affari rose by 0,6%. The yield of the 10-year BTP fell to 4,73% e the spread narrowed to 328, down 6 basis points. London gained 0,5%. The increases in Paris and Frankfurt (+0,8%) and Madrid +1,1% were stronger. Outside Europe, calm is almost flat on the Stock Exchange. Tokyo climbs 0,25%: consensus is strong around the appointment of the new governor Haruhiko Kuroda, who will have the mission of raising the inflation rate from 1 to 2%, by resorting to injections of liquidity. Meanwhile, China is slowing down: the manufacturing index falls to 50,1 points, below forecasts.
Wall Street closes in negative ground: the Dow Jones loses 0,15%, the Nasdaq scores -0,07%. The S&P fell 0,09%. The awaited data on US GDP for the fourth quarter greatly disappointed expectations, reporting a growth of only 0,1% against the +0,5% expected. But investors have not made a tragedy of it, also because the nasty surprise was partially offset by last week's decline in applications for unemployment benefits, which fell to 344, against the expected 360.
Changing of the guard in Groupon -24,3%: after the negative results of the quarter (and the collapse of stocks) founder Andrew Mason leaves the leadership of his creature with immediate effect: in the next few days the board will appoint a new CEO.
INSIDE BUSINESS PLACE
In Piazza Affari there were some conspicuous increases today. Prysmian it gained 2,5% after the good results announced yesterday and the promotions of Goldman Sachs and Cheuvreux. Mediaset rose by 2,4% after data above expectations from Mediaset Espana.
Maurizio Costa, CEO and vice president of Mondadori -3,99%, he communicated to the board of directors that he will resign his duties with effect from next 20 March, of the 2012 draft budget. The chairman informed the directors that he intends to propose the appointment as managing director of Ernesto Mauri, general manager of Periodicals of Arnoldo Mondadori Editore as well as president and general manager of Mondadori France. Costa will assume the position of Vice President of Fininvest.
Continue the march of Rest + 3,5%. MontePaschi it gained 1,2% following the news released by the company that the Treasury had subscribed 4,07 billion Monti bonds.
Meeting today of the Deputation of the Monte dei Paschi di Siena Foundation, the main shareholder of Banca Mps on the adaptation of the statute to the new rules which aim to more clearly separate politics from the management of the non-profit body, a source from the Foundation announced. The new statute should then place a limit of 50% on the representatives of local authorities in the Deputation. Today the Municipality, the Province and the Region nominate 14 of the 16 members of the Deputation.
Fiat finished tied. Chrysler Group has announced it will invest $374 million in four plants in Indiana, US, and will create 1.250 jobs. Telecom Italy + 1,98%.
The private equity operator Clessidra and Diego Della Valle have started informal talks to evaluate the room for maneuver to join forces and present a new offer for Telecom Italy Media +0,59%: the owner of Tod's would acquire La7 and the asset management company led by Claudio Sposito would get its hands on the industrial assets.
It is probable that, before entering into new negotiations, the Board of Directors of Telecom Italia Media on March 4th will have to formally declare the exclusivity with Cairo Communication lapsed. Urbano Cairo himself lets it be known that he is finalizing the details of the final offer in the light of the last few meetings.
Volatile financial movements: Unicredit lost 0,2%, Understanding -1%. Still heavy Mediobanca -1,9%. Ubi it rose by 1,6%. Among the best titles Buzzi Unicem +4,7%. Strong run of luxury stocks. Tod’s +1,7% reached new all-time highs at 111,4 euro, Ferragamo salt by 6,1%. Eni closed up 0,4% and the subsidiary Saipem it lost 1,3%.
The Parma prosecutor's office yesterday asked for the board of directors to be revoked Parmalat and a judicial administrator is appointed to arrive at the declaration of nullity or cancellation of the purchase contract of Lactalis Usa, in the context of the civil trial underway in Parma. After shedding up to 5% on the news, the stock finished up 0,33%.
