THE MANAGEMENT BOOM CONTINUES. WAITING FOR US DATA
THE GERMAN "SLAFT" TO DRAGONS DOES NOT WEIGH ON THE BTP
Volatile stock exchanges awaiting the US data on the January labor market. Economists predict that, after the slowdown in December linked to bad weather (only 74 new jobs), employees have grown by 180 units.
In Milan the FtseMib index marks +0,09% at 19522.
London + 0,01% Frankfurt + 0,16% Paris +0,1%. In Madrid +0,34%.
On the government bond market, the 10-year BTP is traded at a yield of 3,74%, the spread unchanged at 207. The gap had briefly widened to over 210 basis points after the unexpected ruling by the German Constitutional Court, which referred the appeal on the alleged illegality of the ECB's “Omt” program relating to the subscription of government bonds to the EU.
After yesterday's leap the euro it weakened against the dollar to 1,356 from 1,359.
The state of grace continues for the titles of managed savings, after good harvest data in January.
Mediolanum climbs 3%: Citigroup has initiated coverage with a Buy rating.
General Bank gains 1,15%: for Citigroup it is the best Italian stock in the sector. Azimuth +1,92%.
Among banks in evidence Unicredit +1,64%, supported by the promotion of Citigroup which raised the rating to Buy from Neutral. Intesa Sanpaolo – 0,38% instead passes from sell to neutral (the target price rises from 1,45 to 2,10 euros).
Brakes Mount Paschi -1,7% after yesterday's leap (+5,4%).
Positive reaction to the preliminary balance sheet data of Telecom Italy +0,53%: the company expects to meet the 2013 debt and ebitda targets and spoke of signs of improvement this year for the domestic business.
The industrialists, on the other hand, are weak: Finmeccanica the subsidiary Ansaldo Sts. loses 0,38%, unchanged.
Down too Fiat -0,55% and StM -0,41%.
