Wall Street's euphoria consolidates the optimism of the main European stock markets which, after an effervescent day, close significantly higher. Piazza Affari stops at +1,07%, 19.064 points, driven by banking and insurance companies. Paris +1,24% does better, followed by Madrid +1,13%. Below the percentage point instead Frankfurt +0,92% and London +0,28%. The pressure on the spread eases: the differential between the ten-year Italian and the German bund drops to 187.90 points (-2,64%), yield 2,23%. A trend that proves to be even more consistent on the bonds of other continental countries, despite the debate on Frexit, according to Dbrs, could damage the rating of some big names in the Eurozone. “Even if a dialogue of this type fails – claims the Canadian agency – opening discussions on such a delicate issue could encourage investors and savers to move from France, or from any country likely to exit the monetary union”.
In any case, today the markets are starting the day well with upward forecasts for the next two years by the European Commission. A recovery in which he also participates Italy, although it remains the rear (for 2016 +0,9%, from forecast +0,7%).
The climate of the markets remains warm with the opening of the US lists, all growing, after Friday's records. The S&P 500 reaches the $20 trillion mark for the first time, while Apple seems ready to touch its all-time high. The Trump administration, on the other hand, worries the major foreign creditors of the United States, which are beginning to show more caution in their investments in US government bonds.
In this context, the euro weakens against the dollar and reaches 1,06 (-0,23%). Nervous session for oil, Brent -2,09% to 55,54 dollars a barrel, after the publication of the monthly Opec report, because the member countries of the cartel, in January, would have cut production less than the estimates circulated the last week. Gold falls: -0,89%, 1222.68 dollars per ounce.
In Milan, the most exuberant stock is Banco Bpm, +6,64%, in great recovery compared to Friday, after the 2016 budget at a loss due to the cleaning of non-performing loans. There is still a long way to go, according to Mediobanca (+2,95%), but many investors are betting on the implementation of the business plan. Ubi also on the shields, +6,42%; on the other hand, the two giants of the banking sector, Unicredit, +0,16% and Intesa +0,47%, are more calm.
Unipol +5,98% rally, with subsidiary Unipolsai (+4,68%); the group takes advantage of the 'buy' confirmation by Kepler Chevreux, with a target price raised to 4,1 euros. The purchases of Generali are back, +2,57%, which is thought to be thinking of a more aggressive cost cutting strategy to convince its investors to support the group's independence, thus defending itself from a possible takeover attempt by Intesa. Money on Mediaset +1,97%, after Silvio Berlusconi confirmed the family's desire to remain linked to the activities of the Biscione and available for any agreements with Vivendi "provided that the contract already signed last year is respected, which included a share swap and sale of Mediaset Premium”.
Among the oil companies, Saipem did well, +2,68%. Among the industrialists, Fiat is still brilliant, +2,27%, which over the weekend announced the production of a new Maserati model by 2019. In line, Ferrari, +2,38%. Weak A2a -0,77%.
Among the SMEs, Orsero's great debut on AIMItalia +5,78%. For the made in Italy it should be noted that Prada closed the year ended January 31, 2017 with revenues down by 10%, in line with expectations and with a good recovery in recent months. The stock, listed on the Hong Kong Stock Exchange, recorded a decline of 1,7%
