“No discussion on Grexit, let's work to keep it in the euro”. From the Brussels summit, as confirmed by the words of Chancellor Angela Merkel, there are signs of relaxation on the Greek question: Prime Minister Alexis Tsipras promised to present the complete list of reforms at the European table shortly. The Stock Exchanges react with optimism, taking advantage of the momentum that arrived with the Fed's message on rates: the increases will be gradual.
Athens gains 2,87%. Greek 54-year debt regains 11,10 basis points and yields 101%. The Btp bund spread closed down at 1,20 basis points and the Italian XNUMX-year bond yielded XNUMX%.
Milan rises by 1,63%, in Europe behind only Mdrid which jumps by 2,95%. Frankfurt +1,25% and Paris +1,2%. Shopping at Lafarge after the skirmishes of the past few days. The two cement groups have reached a new agreement for the merger: the French group has largely accepted the changes requested by Holcim. The swap, which was equal at the origin of the operation a year ago, was revised in favor of the Swiss group at 9 Holcim shares against 10 Lafarge (Zurich also asked for 0,875 shares against 1).
London gains 0,8% and exceeds 7000 points for the first time in history. At the same time, the Stoxx600 index returned to levels it hadn't seen since 2000 during the day.
AMAZON DRONES ARE COMING. gOOGLE AT WAR WITH APPLE
Wall Street opens up with the Nasdaq recovering 5 thousand points (+0,83%) and the Dow Jones above 18 thousand (+1,14%). The S&P500 climbed 0,97%. Highlights Nike beats quarterly earnings expectations. Amazon in the spotlight +1,51%. The e-commerce giant has in fact received permission from the US authorities to test drones, with only daytime flights and with a pilot. Google launched the luxury smartwatch together with Tag Heuer. The euro-dollar exchange rate rose by 1,75%. WTI oil rose 2,43% to 46,39 dollars a barrel in the wake of the weakening dollar.
PIRELLI TOWARDS THE TAKEOVER
In Piazza Affari, the light went on for Pirelli, which rose by 2,21% while savings jumped by 4,11%. At Consob's request, Camfin confirmed the negotiations to sell the entire stake held in the Bicocca group to an Italian newco controlled by a foreign partner at 15 euros per share. The transaction provides for the subsequent launch of a total takeover bid on Pirelli. In the consortium of buyers, in addition to Marco Tronchetti Provera and the Rovati family, there is also Rosneft. The novelty will be represented by China National Chemical even if Camfin did not refer to the Chinese in the press release.
At the top of the Ftse Mib, however, we find stocks linked to oil in the wake of the recovery of crude oil: Eni +3,44%, Snam +3,28%. Intesa Sanpaolo +3,03%, Azimut +2,28% and Wdf +2,23% were also highlighted. FCA -0,65%, BPM -0,53%, Enel Green Power -0,5% slide to the bottom of the main basket.
Telecom Italia cancels sales and closes on parity (-0,09%). Yesterday the company announced the return to profit in 2014 for 1,3 billion. The launch of the convertible bond for 2 billion also went well, an operation appreciated by analysts. Outside the main market, a leap for Maire Tecnimont (+12,9%) which closes 2014 with a tripled profit.
