International brokers are rediscovering Italian securities, from banks to Fiat Chrysler. But even Piazza Affari, cautiously awaiting the US labor data in the early afternoon, falls just the same: the index Ftse Eb it loses half a percentage point around 19.600, in line with Paris. Little better they do Frankfurt e Madrid (-0,3%). London -0,08%.
The indicator of confidence economy of the euro area rose to 107,8 points (consensus at 106,8), while that of consumers was equal to -5,1 points, from -6,1 in November.
Slight up start for the debt market: at the opening, the yield differential between the Btp and the Bund on the ten-year stretch was 167 basis points, slightly down from the 169 at yesterday's closing. Similarly, the 1,93-year benchmark rate is 1,94%, down from XNUMX% at yesterday's close.
The change euro-dollar stabilized at 1,058, from 1,060 at yesterday's close. Around 11,00, most currencies are trading flat ahead of US labor market data to arrive in the early afternoon. The dollar/yen exchange rate is an exception, with the greenback up 0,7% to 116,10. The Mexican peso is broadly flat following yesterday's hike on Mexico's central bank intervention.
Brent oil unchanged at $56,9. Saipem -1,7%. This morning Canaccord Genuity cut the recommendation to Sell from Hold but raised the target price to €0,45 from €0,38. Eni -0,1%.
The star of shines on the price list Fiat Chrysler (+3,3% to 9,54 euros), rewarded by a rain of positive reviews. After the upgrade of Mediobanca Securities (from 7 to 12 euros) and Evercore (from hold to buy), Goldman Sachs brought the target price to 16,5 euros (+66%) with a 'buy' rating and added the title to his “conviction list”. Goldman also improved its 2017 and 2018 EBIT estimates by 21% and 36%, respectively, with a forecast of net deleveraging to $3,2 billion at the end of 2018.
In the Italian price list, the race of the Bpm bank (+4%). HSBC has raised its recommendation to Buy, target price at 3,59 euros. Unicredit +0,6%, Intesa Sanpaolo +0,5%. Azimuth + 1%.
in luxury, Moncler (+1,3%) collects the SocGen promotion this morning, which raises the target price to 21,0 euros from 19,50 euros, thus strengthening the Buy recommendation. BNP Paribas revises the target to 19 euros from 17 euros, the Neutral recommendation unchanged.
Analysts also moving up Tod’s (-1%), affected by the decision taken by SocGen to cut the recommendation to Sell from Hold. Target 7 euros. Luxottica (-1%): SocGen cut the recommendation to Hold from Buy, however raising the target price to 53 euros from 51 euros. Bnp Paribas confirmed Outperform. Target at 59 euros from 55 euros.
St Microelectronics is down 2%. The CEO Carlo Bozotti declared himself optimistic about the end of 2016 and 2017.
Deserves attention in the'Aim the performance of Digital Magics: +5,10% after Buzzoole, one of the startups owned by the business incubator, issued one million euros of convertible securities to support its plan to expand its business in Russia. Buzoole, founded in Naples in 2013, has its own big-data collection and analysis technology with which it helps brands (already 350) to identify the most suitable solutions for their advertising needs: turnover rose in 2016 to 2,5, 1,1 million from 2015 in XNUMX.
To date, 350 brands are involved in Buzzoole's activities, with over 200 users, and a 2016 turnover which is currently estimated at over 2,5 million euros, with strong growth from 1,1 million euros in 2015 and 100 thousand euros in 2014 (revenues grew 25 times in two years).
