The financial week starts on a swing. Reduced from the -1,2% of last Friday, Business Square travels just below parity in the middle of the session (-0,2%), after a series of swings in positive and negative territory. It gets worse at Frankfurt (-0,3%), Paris (-0,5%) And Madrid (-0,7%). Outside the eurozone, London earn 0,3%.
On the Ftse Mib it shines Telecom Italy (+2,9%), after Fabrizio Palermo, CEO of Cassa Depositi e Prestiti, said he was in favor of the single network project between Tim and Open Fiber for ultra-broadband over the weekend. CDP owns about 5% of Telecom Italia and 50% of Open Fiber.
However, the best title on the list is that of Fineco (+3%). Tomorrow, 5 February, the Board of Directors led by Alessandro Foti will meet to approve the 2018 results.
In no particular order, the bankers: Unicredit -0,6% Understanding -0,1% Bpm bank +1,2% and Ubi + 0,5%. Unipol +0,8% in the wake of rumors about an agreement now close for the transfer of Unipol Banca to Bper.
Also good Recordati (+2,4%) after the mandatory total takeover bid launched by the CVC Fund, through the vehicle Rossini Investimenti, did not receive subscriptions. The operation concerns 46,735% of the capital and on Friday the Milanese company communicated the provisional results: 59.816 ordinary shares were tendered, equal to approximately 0,061% of the shares involved in the offer and equal to only 0,029% of the capital social.
On the downside, the worst performer is that of fca (-1,9%) after the disappointing results on registrations in Italy. According to data released on Friday after the Stock Exchange was closed by the Ministry of Transport, last month Fiat Chrysler recorded a drop in sales of 21,7% on an annual basis (about 40 cars), against the -7,6% recorded on average from the market. Also in January, FCA car registrations in the US rose 2,5%, half what analysts expected. However, the first month of the year is of little significance for the group's accounts: much more relevant indications will arrive on Thursday, when the group will publish the 2018 data.
Profits on the title Ferrari (-0,7%), up 13% last week.
However, the shares most in difficulty on the Ftse Mib are those of the Juventus, down 2% after Saturday's draw against Parma. However, the Juventus company's stock is up by almost 12% on average over the last month.
As for the debt market, lo BTP-Bund spread travels down to 259 basis points, after reaching a session high of 264.
On the currency side, the euro/dollar exchange is broadly unchanged at 1,1449 from 1,1456.
On the rise the oil: on contracts in April, the wtf travels at 55,7 dollars a barrel and the Brent and 63,02.
