The utilities, Fiat and the change of pace of some banks revived Piazza Affari, which closed in the pink jersey at +0,58%, after a generally negative day, with weak financial and oil sectors. In the Cesarini area, the climate of other European price lists improves, which stop in no particular order: positive Paris +0,26%; flat London +0,04%, Madrid -0,03% and Frankfurt -0,05%. Athens closes the ranking, -1,66%, after the new warning from the Monetary Fund. Tensions and confusion are also fueled by Ted Malloch, indicated by Donald Trump as the next American ambassador to the EU, "there are high probabilities – says Malloch – that this time Greece will choose to leave the euro on its own initiative". The diplomat does not rule out a "dollarization" of the country.
Ups and downs for Wall Street, which at first seems willing to take a break from its records, opening in the red, but then changes its mind, with Nasdaq and S&P 500 showing slight increases.
The euro recovers decimals against the dollar and returns to 1,07 (+0,2%). Brent also changed color during the day, despite the increase in US inventories: +0,47%, 55,31 dollars a barrel. More and more attractive gold: +0,7%, 1242,3 dollars an ounce. On the bond front, the BTP continues slowly on the path to recovery. The spread between Italian and German ten-year bonds falls (-0,72%) to 193.90, yield 2,25%. The recovery also with Spain is significant: the spread drops to 56 basis points, against 61 yesterday.
In Milan we find utilities in great shape: Terna, +3,81%; Enel, +2,79%; A2a, +3,03%; Snam, +2,36%; Italgas, +2,34%. The sector partially benefits from the decline in bond yields, and Enel is also supported by the promotion of the rating on the stock by Morgan Stanley from equal to overweight.
Super rebound for FCA +2,48%; apparently the Italian Ministry of Transport has not found "defeat devices", i.e. devices for manipulating emissions, on Fiat Chrysler models.
Two-sided day for financials, with Banco Bpm +4,1% (best share of the day), Mediobanca +1,44%, Bper +1,2% returning to the top from the abyss. On the other hand, sales remain prevalent for Banca Mediolanum -2,47% (worst blue chip); General -1,1%; Unipol -0,96%. Sitting in trouble for Ynap, -1,92%, following the publication of the 2016 turnover and the confirmation of the guidance on 2017.
In the red are oil companies with Eni -0,42%, Tenaris -2,24% and Saipem -1,35%. As for the six-legged dog, the Milan prosecutor's office has requested the indictment of CEO Claudio Descalzi and 12 other suspects in the investigation into the alleged corruption for the acquisition in Nigeria in 2011 of the rights to the field Opl-245 petroleum. Profit taking on Stm -2,47%; Buzzi -1,62%.
Out of the main list and we report Ima. The share of the packaging multinational reaches a new all-time high at 65,7 euros per share, +1,08%. In the last 5 years, the group led by Alberto Vacchi has experienced an unstoppable upward trend with a cumulative gain of over 500%, going from around 10 euros to current values.
Finally, the Government has raised the question of confidence in the Senate on the decree governing the precautionary recapitalization of MPS and all the banks in need of public support. The vote is scheduled tonight, after which the text will go to the Chamber to be converted into law by February 21, under penalty of forfeiture.
