TOP MARKETS FROM ASIA TO WALL STREET. D DAY OF FINMECCANICA, BTP 10 AT THE LOWEST
Judging by the performance of Wall Street and the Asian price lists, a pyrotechnic end of the week is announced. The US stock market is making full progress, driven by the excellent data coming from the super-index: the Dow Jones index gained 2,43%, the S&P 500 about 2% and the Nasdaq 2,24%. Highly visible hi tech. Oracle, up more than 10% after the presentation of the financial statements, Apple +3%, Microsoft +3,9%.
The Asian stock exchanges experience the most brilliant session of the last 15 months. In Tokyo, the Nikkei index rose by an abundant 2% in anticipation of Governor Kuroda's press conference: it is probable that the banker will invite companies to accelerate wage increases.
EUROPE, DEPARTURE LAUNCHED IN SIGHT. MILAN ABOVE 19 THOUSAND POINTS
A strong start is also probable for Piazza Affari and the other European Stock Exchanges, already effervescent in yesterday's session. The FtseMib index rose by 2,6% returning above 19 thousand. The London Stock Exchange gained 1,9%, Paris +3,2%, Frankfurt +2,6%. The dollar advanced, traded this morning at 1,2276 against the euro and at 119,24 against the yen. However, some factors may contribute to curbing enthusiasm: the volatility of oil, the unknown Greece and the rating downgrade of Italian banks by S&P.
OIL STILL BELOW $60. ADVANCE ENI
Crude oil prices fell sharply last night at the end of a day of ups and downs in which prices remained in positive territory for a long time. In New York, the wti closed down by 2,36 dollars a barrel, 4,11% less than the previous close, at 54,11 dollars a barrel, the lowest since May 2009. This morning the prices rose to 54,32 ,59,83. Brent is worth $XNUMX at the Asian opening.
Meanwhile, the ruble's descent resumes: Vladimir Putin did not present the extraordinary measures that the markets were expecting at the press conference. Fitch cut Venezuela's rating by two notches, taking it from B to CCC, the last step before the 'default' sector. In Piazza Affari, a new rebound of theEni +3,1% which concluded an agreement with the Portuguese Galp to acquire the 70% stake in the exploration rights of 9.100 square kilometers offshore Portugal. They also go up Tenaris +1,7% and Saras +7%. Saipem it finished the session down 0,5%.
GREECE DOESN'T STOP THE DROP IN YIELDS
Greece holds court on the debt markets, after the stalemate in the first scrutiny in Parliament for the election of the president. Yesterday, Athens' 15-year yield dropped by 8,35 basis points to XNUMX% after a "soft" interview by Alexis Tsipras: the leader of the radical left party said that if his party, as polls say, wins the elections, the next Greek government would ask the EU to negotiate debt relief, without making unilateral moves, but without making unilateral moves.
The Greek unknown did not prevent the markets from pricing in the increasingly concrete possibility of a European Qe as early as the end of January. The spread between the BTP and the Bund closed at 135 basis points and the yield on the Italian ten-year bond closed below 2% at 1,97%, after falling intraday to 1,927%, a new all-time low.
RECORD BANKS BUT HERE COMES THE S&P AX
The prospect of QE and the drop in market yields favored the recovery of banking stocks. Among the banks, the increases are widespread. Understanding rose by 3,3%, Banca Popolare di Milano + 2,9% Unicredit + 2,9% Where's Banca +2,2%. The securities involved in the ECB reparation exams are an exception. Down Mount Paschi -1,7%, penalized by rumors about a stalemate in the process of selling Consum.it.
Carige, on the other hand, rises: the ECB has raised the bar for the recapitalization of the Ligurian bank to 700 million euros from the 500-650 million envisaged in the capital plan. Carige would therefore be defining a new pre-guarantee contract in view of a capital increase in the spring. In the evening, S&P cut the rating of Italian banks "due to the growing economic risks and the downgrade of the sovereign debt of the Italian Republic".
The action on the rating also reflects the view that the economic outlook in Italy is likely to remain weak over the next two years. In detail, the long-term ratings of Unicredit, Intesa Sanpaolo and Mediobanca moved to BBB- from BBB with a stable outlook. For the Popolare Emilia Romagna to BB- from BB and the long and short-term ones remain stable for Popolare Milano to B+/B and its subsidiary Akros bank.
ANSALDO AND BREDA, YOU CHOOSE BETWEEN CHINA AND JAPAN
leap of Finmeccanica +4,9% on the expected news for the sale of companies in the transport sector. Ansaldo sts it rose by 1,7%. A board meeting of the public holding is expected today where the offer for the transport division will probably be discussed. The chief operating officer of Hitachi, Toshiaki Higashihara, meanwhile confirmed that the Japanese group has presented an offer for Ansaldo Breda and for 40% of Ansaldo Sts. Alternatively there is the purchase proposal from the Chinese group Insigma for Ansaldo Breda. Finmeccanica gains 42% since the beginning of the year.
FLYWHEEL CHIPS AND CEMENT. FCA, THE NEW ALFA IS NEAR
Also noteworthy in the price list is the great exploit of StM +4,5%, driven by the boom of Alcatel-Lucent +8% after rumors about a merger with Nokia Networks. Concrete Leap: Recover Buzzi +3,4%, penalized by the presence in Russia. Deutsche Bank analysts confirmed the buy recommendation but cut the target price from 14,5 to 12,5 euros.
Italcementi advances +5,91% (rating hold) the target price was raised from 5,6 to 5,8 euro. Among other blue chips well Telecom Italy +2,3% and Mediaset +2,8%. Icbpi confirmed the buy judgment and the target price at 11,5 euros up fca +1,4%. Automotive News Europe has dedicated a report to the new high-performance engines that will be fitted to the new Alfas starting next year.
AIM, RECORD DEBUT FOR FEDON. LUCISANO BREAKS THE BOX OFFICE
In the Aim leap of fedon +22,95% at its debut, but with very low volumes, on a day in which it remained in the volatility auction several times due to an excess of upside. Lucisano Media Group ended the session with a gain of 2,2% to 2,49 euros. The company is starting to close 2014 with brilliant results. With 5 million and 323 thousand euros collected in Italian theaters from 20 November to today, the comedy "Sorry if I exist!" it is among the 10 most watched films of the film season.
