The warm season continues in Piazza Affari. Thanks to a new extension, around 0,9%, the Italian index rises above 23.800 points, to the levels reached on 11 August 2015. Despite the new recovery of the euro, traded at 1,227 against the dollar (+0,3% compared to yesterday's close) also due to the problems related to the approval of the US federal budget, all the markets in the eurozone are up: Frankfurt's Dax : +0,7%. Paris Cac40 +0,4%, Madrid Ibex +0,4%.
Today Deutsche Bank has revised upwards the estimates on the euro-dollar exchange rate: at the end of the year the cross should be around 1,331. The investment bank reports that a 10% increase in the value of the euro, against the dollar, reduces the average earnings per share of the Stoxx 5 index by 600%.
The strength of the single currency is reflected in the resilience of the bond market. 0,58-year Bund weakens slightly to XNUMX%. Btp 1,96% yield strengthens, Italy/Germany spread to 137 points (from 140), although less than the Spanish Bono traded at 1,44%: the Fitch agency should announce a debt credit promotion tonight Spanish.
Brent oil loses 0,6% to 68,8 dollars: the increase in the production of US shale oil offsets the decline in stocks. Oil companies retreat by reflex: Eni -0,3% Saipem -1,5%.
In the first row among the increases of Milan Poste Italiane +2,3%. The company estimates that the partnership with Anima will generate at least €1,8 billion in fees, in the upper part of the range indicated for the three-year period. The indications were provided yesterday during a meeting with analysts.
The banking sector was positive (+0,59% the index). The former co-operative banks are recovering, penalized yesterday by the rumors about the meeting between the top management of the European banking supervision and the main Italian bankers. Banco bpm + 0,8%. Bper Banking +1,3%. In contrast, once again declining, Creval -4,7%, in view of the 700 million capital increase which should start on 19 February.
Well the Bigs. Advance Unicredit + 1% Intesa Sanpaolo +0,2% is also highlighted today, reaching the new high since January 3,1120 at 2016 euros. Since the beginning of the year, it has gained 12% and is the best blue chip in the Eurostoxx 50 index (+3,5% in the same period).
Among the best titles Atlantia +2,5%. Update the historical record again Moncler at 27,46 euros. From the beginning of the year +5%. Last year ended with a jump of Over the past 12 months it has achieved a gain of +57%.
On the contrary it falls Geox -5,7% to 2,69 euros, returning to levels it hasn't seen since November and with yet another change at the top. In 2017. Revenues were 884,5 million euros, slightly down on the previous year: -1,8% at current exchange rates, -1,7% at constant exchange rates.
