THE OFFENSIVE ON FONSAI IS UNDERWAY. PALLADIUM 10%
MOODY'S CLEAVER CUT HALF EUROPE
It continued yesterday the Fondiaria-Sai flight which gained another 18%. The main suspects for the purchases are the Venetians of Financial Palladio and its possible allies. The Venetian financial company, according to market rumors, would be close to controlling a share close to 10% of Fonsai thanks also to the purchases of the allies. Among these, in addition to Sator and Clessidra, other illustrious names could appear, such as Leonardo Del Vecchio and Lorenzo Pellicioli di Dea. A novelty, if confirmed, even more disturbing for the top management of Mediobanca and for Fabrizio Palenzona, who in the Fonsai game is playing for the support of the allies of Cuccia square, decisive for ascending to the chair of president in Unicredit. Pellicioli, like Palladio, is a major shareholder in Generali, where he played a decisive role in the ousting of Cesare Geronzi. Del Vecchio, on the other hand, left Leone (in which he had entered on the advice of Mediobanca) but grew up in Unicredit on the occasion of the recent capital increase.
In short, a full-blown attack also for internal lines that sees the Generali between two fires. Alberto Nagel and Renato Pagliaro they reply today with a trip to Rome to illustrate the advantage of pian Fonsai-Unipol to the authorities and ministries. On the Stock Exchange, meanwhile, the pressure on the stock never failed yesterday. Exchanges reached a record volume of 25,8 million ordinary shares changed hands, equal to just over 7% of ordinary share capital. The value was over 40,9 million euros. Since the beginning of the month there has been a crescendo of volumes traded: a total of 122,2 million pieces have passed through Piazza Affari, equal to 33,2% of Fonsai ordinary shares. In the meantime, the price went from 0,63 euros on January 30 to 1,36 euros at yesterday's closing. Unipol, meanwhile, lost 2% yesterday. Generali, on the other hand, rose by 0,7%.
The ax of rating companies does not stop. Moody's has announced the downgrading of the ratings of six European countries, including Italy, whose score drops from A3 to A2 with a negative outlook. Things are worse for Spain which loses two positions from A3 to A1. Portugal moves from Ba3 to Ba2. The assessment of Slovakia, Slovenia and Malta is also down. Moody's also issued a warning that France and the United Kingdom could both lose their Aaa rating. Since yesterday Oat and Gilt have a negative outlook, like the bonds issued by Austria.
JAPAN LAUNCHES NEW STIMULI PLAN
EU, VOTE NOT DISCOUNTED FOR AID TO GREECE
Moody's decision conditioned the first part of the contract downwards Asian sitting. Then, surprisingly, the Bank of Japan took the field by widening the purse strings: the economic stimulus program rises to 65 trillion yen (835 billion dollars). The Stock Exchange thanks: the Nikkei 225 index is starting to close at +0,48%. The Hong Kong Hang Seng is practically unchanged.
With the dramatic vote on Sunday evening, for now Greece is still in the euro. The Stock Exchange appreciates, but also perceives all the precariousness of a situation that cannot be defined as resolved just because the Athens Parliament has approved the new austerity plan. The strong social tensions and the difficulties of an economy, which is spiraling into a continuous recession, lead to fears that the Greek tragedy will have new acts to stage.
In the next few days the spotlight will move from the Parthenon to Brussels, where theEurogroup. The summit of finance ministers of the euro area will have to give the go-ahead for the 130 billion euro aid package for Greece. But the difficulties did not end. On the part of Germany and Holland, in particular, there is no shortage of skeptics: Greece, it is said, must explain to us in detail where and how it intends to reduce labor costs by 15%.
APPLE CELEBRATES XNUMXTH DAY
THE NEW YORK EMPIRE LISTS ON THE STOCK EXCHANGE
The index Standard & Poor's 500 it is exactly one point from the highs of June 2008, before the Lehman crash. Yesterday the US markets celebrated, albeit with sobriety, the approval of the agreement with the EU by the Greek Parliament. The S&P 500 +0,7% rose to 1,351.77, the Dow Jones marks +0,57%, the Nasdaq +1%.
The "historic" result comes from Apple Lossless Audio CODEC (ALAC),. Yesterday the title crossed the threshold of 500 dollars. From the beginning of January the increase is equal to 23%. The capitalization of the Apple is at 466 billion dollars, equal to approximately 2% of the MSCI Global basket.
Wall Street, meanwhile, is about to welcome a very popular freshman, Yesterday the official request for listing of the Empire State Realty Trust was presented, the company that controls 100% of theEmpire State Building of New York, the most famous skyscraper in the world, symbol of New York, controlled by the Malkin family. . . .
Il Btp to 10 years it lost all its gains in the morning and in the evening the yield rose again to 5,57% (from 3,48% in early trading). Spread with the Bund at 365 points.
Piazza Affari, which started off well, then saw all the gains of the morning fade away and theFtseMib index finished tied. In the afternoon, the sales hit the banks above all: Unicredit fell by 3,8%, Intesa -1,9%, MontePaschi -3,3%, Pop.Milano -4,7%. Positive exceptions were not lacking, such as Popolare dell'Emila +2,8% and Banco Popolare +1%. Things went better on the other European Stock Exchanges, where the weight of banks is less strong on the indices: London rose by 0,9%, supported by the appreciation of mining stocks and raw materials. Paris gained 0,3%, Frankfurt +0,6%.
RUMORS OF THE SALINI TENDER OFFER FOR IMPREGILO
THE FORMER BPM TOP MANAGEMENT SUGGESTED
Back to fire Impregile it. The stock, which started down, closed the session with an increase of 3,9%. Thus there is talk of a possible takeover bid by Salini, at least 15% strong, despite the fact that the Gavio group can now count on the 28,9% stake parked in Igli. The volumes traded, modest, do not bode well for a public offer.
The oil rally boosted energy stocks: Eni gained 1,2%, Saipem it achieved an increase of 2,6% thanks to the good results of 2011. Wti crude oil returned above 100 dollars a barrel with an increase of 1,5%. Positive Enel +1,1% after the excellent success of the bond, which raised 3 billion euros from the public of retail investors.
A2A rose by 1,8%, Iren +2,2%. The theme of the maxi electric utility warms up investors. Good rise for Telecom Italia +0,8% on a day enlivened by the news that France Telecom is preparing to rise to 95% (from 61%) in Mobinil, Egypt's leading mobile telephone operator. Also this morning, Vodafone announced that it is evaluating the possibility of presenting an offer for Cable&Wireless Worldwide.
Another sharp downhill session for Indesit -6,2% (on Friday it had already lost 6%) after the 2011 data. Piaggio -4,1%
Twist in the investigation into the converting Bpm. The Milan prosecutor's office has decided to enroll the former president Massimo Ponzellini in the register of suspects, who has already been targeted by prosecutors for financing companies in the gaming sector. With him are under investigation Enzo Chiesa, at the time deputy general manager, Fiorenzo Dalu, former general manager, and the head of the compliance function, Ivano Venturini. For the four, the accusation is of fraud for the placement to small savers through the bank branches of the Bpm 2009/2013 convertible loan reserved for institutional investors.
