European stock markets are weak after the Eurogroup's ultimatum to Greece. The markets, however, don't give in to panic in the belief that, as has always happened, an agreement in extremis will be found. The markets, after a negative start, are recovering.
A Milan the first positive sign of the morning appears: Ftse Mib index +0,1% on a par with London. The Frankfurt and Paris markets are in negative ground, both -0,7%. In Athens the Stock Exchange drops 3,5%.
The spread on three-year bonds, it rises over a thousand points with a yield of more than 20%. The 1,63-year BTP yields 130%, the BTP/Bund spread is stable at 1,14. The euro is getting closer to the level of 1,1393 (1,1320) after having reached a minimum of XNUMX in Asia.
Continue to Piazza Affari la Monte Paschi race +1,47% at the head of the financial sector, recovering after a downward start. Entente +0,29%, Unicredit +0,36%. Boom rise for Saipem 5,72% after the accounts at the end of 2014 closed in the red (-230 million) but with debts lower than the consensus of analysts. Mediobanca Securities (neutral rating and target price raised from 10,2 to 10,8 euro) and Banca Akros (accumulated rating and target price at 9,90 euro), continue to focus on action, emphasizing debt reduction.
Eni advances by 0,25%. Out of the main basket, Saras gallops +4,34% rewarded after Nomura raised the target price.
La queen of the day is Telecom Italia +3,11%, again above the 1 euro mark. The stock came out of hibernation following the accounts and the announcement of the new business plan which will be approved on Thursday by the board of directors and communicated to the market on Friday. On the telecommunications front, the interminable negotiations between 3 and Windin view of a possible merger.
Positive news coming from car market: 2015 began with booming numbers in Europe where 1.028.000 cars were registered in January, 6,2% more than in December. Fca is unchanged but at a maximum of 12,70 euros. In Europe, the group registered 63.500 cars, with a growth of 5,8% compared to a year ago for a share of 6,2%, stable compared to January 2014, but up if compared with the growth of 5,6% of last month. The Fiat and Jeep brands are doing well, while Lancia is down.
