The gains were extended by the European stock exchanges with Milan rising by 1,1% after accelerating above 1,5%, Paris by 1,65% and London by 0,57%. Frankfurt also did well with the Dax up 1,60% after German President Christian Wulff resigned today. The price lists are optimistic about Monday's Eurogroup: the European leaders seem determined to reach an agreement without delaying further. Purchases were also supported by the positive data on inflation which increased less than expected, by 0,2% on a monthly basis compared to estimates of +0,3%. On an annual basis, the increase is 2,9%. The super-index, on the other hand, rose by 0,4% in January compared to 0,5% in December but less than expected by +0,5%. Wall Street, which opened flat, continues mixed, the Dow Jones travels at +0,27% and the Nasdaq is down by 0,10%. The Btp Bund spread narrows to 363 points with a yield of 5,56%.
THE ORDER IN ISRAEL GIVES FINMECCANICA IMPLEMENTATION
ATLANTIA TOWARDS THE EXIT FROM IMPREGILO
In Piazza Affari Finmeccanica leads the rises which increases its earnings in the morning and leaps by 13% on the order obtained in Israel from the subsidiary Alenia Aermacchi for the supply of 30 M-346 trainers. But the market's expectations for possible new orders are also supporting the purchases. Buzzi Unicem + 4,3% and Pirelli +5,6% also did well, while Fiat + 4,2% and Mediaset + 4,15% gained positions. Atlantia rises by 3%: the market awaits confirmation of its exit from Impregilo with the sale of its stake in Igli, the holding company that controls the construction group. The board of directors should be held today. The highway group then cashed in on the improvement in its rating to outperform by Exane analysts. Sales of energy and utilities continue with A2A down by 2,34%, Enel by 1,69% and Terna -0,57%
Buy the banks too. Unicredit is gaining ground, rising by more than two percentage points while the future shareholding structures are being outlined after the capital increase, including the 6,5% held by the Aabar fund. "When someone believes in our institution we are only happy", commented Fabrizio Palenzona, vice president of Unicredit. The game on future top management balances is upon us. Also in light is Bpm which rises by 3,47%. The Fondiaria Sai rally (-0,4%) was also paused, triggering sales while Unipol was in positive territory +0,26%.
