The rise of oil allows stocks to limit the damage in a day of modest trading, devoid of positive cues. Business Square marks a slight drop: -0,2%, with the Ftse Mib index around 22.100 points. Flat Paris, Frankfurt -0,03%. Madrid gives up a quarter of a point. In progress London (+ 0,2%).
The technology sector lost just under 1% on declines in Asian iPhone suppliers after some brokers cut delivery estimates for the iPhone X amid sales forecasts for the new model below expectations. He pays for it in Piazza Affari stm (-1,67%).
Highlighted only oil stocks, on fire since rise of crude over $ 66 after the explosion of a Libyan pipeline operated by Waha Oil carrying crude oil to the Es Sider terminal on the eastern Libyan coast. Lead the race Saipem (+ 3,81%), Eni it advances by 1,14%. Tenaris + 0,75%.
“Waha is injecting 220 barrels a day into the pipeline and estimates that 70 to 100 barrels a day will be missing following the explosion,” reads a note from Equita. We believe that the volumes missing from the Libyan pipeline are not sufficient to justify the violent movement in the price of crude oil, but demonstrate how the relationship between supply and demand is gradually returning to balance".
Among the Mid Caps Saras earns 0,66%. Banca Imi confirms the hold recommendation on the stock and the target price of 2,1 euros after the news relating to the private placement of a 200 million euro bond maturing on 28 December 2022 and an annual coupon of 1,7%.
Positive debut of Treasury funding for 2018. The yield on Bots at 6 months it hit a new record low at -0,457%, two basis points below the previous record. The Ctz expiring on October 30, 2019, on the other hand, recorded an upward yield to -0,221%.
Lo BTP/Bund spread on the other hand, the trade slightly widened to 151,917 basis points compared to the 148,675 basis points at the previous closure, with yields on ten-year Italian government bonds rising to 1,94%. The euro is trading at 1,1869 dollars (+0,1%).
Among the banks it stands out Bpm bank (+2,28%) after the declarations of CEO Giuseppe Castagna, who in an interview with Sole 24 Ore ruled out a new capital increase. Castagna stated that with the immediate application of the Ifrs, the group is able to raise the target of the NPL sale plan, with no impact on the income statement, by at least 3 billion, bringing it from 8 to at least 11 billion.
In reverse Banca Carige marks a new collapse (-5,7%): after the closure of the capital increase, the market remains uncertain about the institution's income prospects.
Weak the Bigs. Understanding -0,21%: the institute announced the new assessment requirements, assigned to it by the European Central Bank for 2018, which are equal to 8,145% for the Cet1 (capital strength index), against 7,25% in 2017 These are values that are well within reach. Unicredit -0,44%.
Bank Ifis +4,3% after having acquired two NPL portfolios for a total gross value of approximately 197 million euro.
Slight increase among industrialists Fiat Chrysler (+0,13%). The company has announced that it will recall approximately 1,8 million RAM 2500 and 35000 (pickup models) manufactured between 2010 and 2016. The cause of the recall is reportedly malfunctioning, under certain weather conditions, of the security system that prevents the gear lever is moved from the park position without first pressing the brake pedal.
The Germans are better Daimler (+ 0,56%) and bmw (+0,51%) after announcing on Friday that the tax reform The USA will be able to push 2017 profits to the level of 1,55 billion euros and 1,7 billion respectively.
Prysmian (-0,11%) was awarded an order by the Philippine electricity grid operator NGCP (National Grid Corporation of the Philippines). The contract is worth more than 150 million euros, for the design, supply, installation and testing of two submarine cable connections between the islands of Cebu and Negros in the Philippines.
Weak group Fininvest. Mediaset -0,97% despite the positive forecasts on advertising sales in 2018 and on the effect of the rights acquired for the World Cup in Russia. The group aims to exceed its target for a market share of 2018% by 39 as early as 2020.
Also declining Mondadori (-0,8%) which refinanced the debt with a 450 million euro loan maturing on December 31, 2022.
Telecom Italy -0,3%. Agcom is asking operators to reverse the effect suffered by customers with the transition from monthly to 4-week pricing, starting from 23 June 2017. Operators have appealed and are waiting for the response from the TAR in February.
In the rest of the significant price list, the increase of Falck Renewables (+3,9%) which on Friday communicated that it had signed a loan agreement for the Auchrobert wind farm (Scotland). Banca Akros, which confirmed the buy recommendation on the stock and the target price of 2 euros, underlined that "the initiative allows the company to reduce the cost of debt and to benefit from further flexibility".
