“The disappointment of an unsuccessful ECB meeting lasted a few hours and the wait for the next meeting immediately began”. This is how Alessandro Fugnoli writes in "Il Rosso e il Nero". The market responded punctually. The index Ftse Mib +1,89% it rebounds to 19,791 after the fall on the eve (-2,77%) following Mario Draghi's press conference.
The other Stock Exchanges are also positive: Paris +1,24%, Frankfurt +1,28% Madrid +1,39%. London +0,88%.
The yield of BTP 10 years trading at 1,95% from 2,023% in yesterday's close. This is the new all-time low. The spread slips to 188, the lowest since 27 July 2010. In the afternoon, attention will be focused on the trend in US employment. The update of Standard & Poor's rating on Italy will be released in the evening.
The petroleum type Brent it is down 0,4% to 69,4 dollars a barrel.
In this context, it is not surprising that all banks and finance companies are positive. Unicredit rises by 3,3% after Nomura included it in the list of the best banks in Europe. Intesa Sanpaolo is up by 3,3%, Ubi Banca by 3,6%, Banca Popolare dell'Emilia Romagna +2,9%. The approval of Voluntary disclosure drives the industry managed savings: Mediolanum salt 2%. Finecobank +1,7% hits a new high in quotation following the release of collection data. In an interview with Il Sole 24Ore today, the CEO Alessandro Foti affirms that the company will continue to invest in the area that is giving excellent results, that of qualified consultancy for customers.
Among insurance companies, Generali rises by 1%, Cattolica +2,1%.
Strong increases for industrialists: FCA +2,5% announced the launch of an offer of 87 million ordinary shares, which also includes an option reserved for placement banks to purchase an additional 13 million ordinary shares, and the launch of a mandatory conversion bond loan for a total notional amount of 2,5 billion dollars maturing in 2016. Also in this case an option is envisaged reserved for the placing banks to purchase an additional 375 million of the bond loan.
Exor +2,1%. The reference shareholder of FCA confirms its intention to accept the two offers for an amount such as to protect its shareholding from dilution.
StM also up + 2,8%. The company will pay a cash dividend of 0,10 dollars per ordinary share for both the fourth quarter of 2014 and the first quarter of 2015. Finmeccanica +2,4% after the reopening of the tender for Ansaldo Sts and Ansaldo Breda. Surprises the collapse of Enel Green Power -3%. Kepler Cheuvreux cut the target price to 2,2 euros from the previous 2,6 euros following the review of the electricity price trend in Italy in 2015. Among the utilities Enel is on the rise by 1,6%. A2A rises by 2%. Atlantia regains parity after Generali placed 11,6 million shares, equal to 1,4% of the capital, as part of the company's normal trading activity, at 19,26 euros per share. Finally, oil: Eni bounces and goes up 1%. It falls Saipem -2,4%. Morgan Stanley lowered the target price to 12 euros from 16,5 euros.
