Renzi goes up to Colle and Pier Carlo Padoan leaves the G20 for Rome. Final squeeze by the Premier in charge of the formation of the Government. Piazza Affari yields 0,3%, to 20.391 points pending Italian political developments, after the opening of credit in recent days by the financial community on Renzi's inauguration. The Btp-Bund spread closes at around 194 basis points.
Istat communicated that in January 2014 inflation on an annual basis is still stable at 0,7%, the same value already recorded in December and November, which is the lowest for over four years (November 2009).
In Kiev it seems that a government-opposition agreement has been reached which has been well received by the EU. In the afternoon, the Ukrainian Parliament approved, with 310 votes in favor, the 2023 law which paves the way for the release of Iulia Timoshenko.
The other European Stock Exchanges close positively: Madrid +0,09%, Paris +0,59%, London +0,37%, Frankfurt +0,40%.
Few macro data of the day. In Great Britain, retail sales fell by 1,5% month on month in January and increased by 4,3% yoy. Existing home sales data came from the US, dropping to their lowest since July 2012. In January, they fell by 5,1% to a seasonally adjusted 4,62 million units, worse than analysts' expectations.
Wall Street confirms the positive intonation of the opening at the end of Europe, albeit with fractional increases: +0,24% for the Dow Jones and +0,3% for the S&P500. The Nasdaq is up 0,35%. Cade Groupon, who warned about the impact that integration costs on two acquired companies will have on the first quarter accounts.
Fannie Mae ended 2013 with $84 billion in net income and will pay the US Treasury, which bailed it out in 2008, $7,2 billion in dividends next month after posting fourth-quarter net income of 6,5 billion dollars. Fannie Mae and Freddie Mac's US Treasury dividends reach $192,5 billion, more than the $187,5 billion received in the 2008 bailout. The euro-dollar exchange rate is at 1,3726, WTI oil at 102,15, $0,58 a barrel, down XNUMX%.
Tenaris (-3,8%) weighs in Piazza Affari after the 2013 data and financial stocks: Intesa Sanpaolo -1,7%, where Balckrock has become the second shareholder, Unicredit -0,6% and Generali -0,5%.
Among the positive banks Mps (+0,39%) and Ubi (+0,66%). Out of the main basket Banca Carige +1,8% after the announcement of wanting to start the capital increase of 800 million euro by selecting the banks that will form the guarantee syndicate for the operation. Balza Banca Profilo +4,59%.
Finmeccanica returns to positive territory (+0,14%). Highlights on the Ftse Mib Ansaldo Sts (+1,18%), Gtech (+1,12%), Yoox (+1,08%), Pirelli (+0,97%) and Atlantia (+0,8%) . Autogrill (+0,58%) benefits from analysts' assessments, Telecom Italia gains 0,69% in the wake of rumors according to which the Brazilian government would prefer Tim Brasil to integrate with the fixed telephone operator Gvt at a break- up of the South American subsidiary of Telecom.
Outside the main basket, Risanamento drops 6,34%. In a note this morning, Tom Barrack and Luigi Zunino formalized the terms of the offer to Risanamento's shareholder banks and to the companies headed by Zunino himself: 0,20 euro per share to acquire their shares and then launch the Mandatory takeover bid on the free float on the Stock Exchange at 0,25 euro.
