Day of sales on the European markets, with Milan closing the row at -0,57% and Unicredit closing the session at -5,17%, after yesterday's rally, luxury holds with Ferragamo and Luxottica. The FTSEurofirst300 index drops 0,6%. Closing slightly up for the bond market, returning from a week of suffering, in which yields on the ten-year segment rose by around twenty cents to around 2,25% and the spread with the same maturity of the Bund widened to 177.40 points. In the meantime, the countdown has begun for the response expected from the EU on public finances by February XNUMXst. "An infringement procedure would be a big problem in terms of reputation - comments Minister Carlo Padoan - a U-turn compared to what has been built up to now". The "answer will come", promises the minister, but the Government will also proceed with new "concrete measures" for the earthquake as early as next week, "regardless of how the Commission's request to make an adjustment is responded to".
The stock markets of the Old Continent do not revive even with Wall Street, which opens flat, in part due to the disappointing preliminary reading of the GDP for the fourth quarter (+1,9%, against the 2,2% expected). If the figure is confirmed, the US will record growth of less than 3% for the eleventh consecutive year. Brent fell -1,15% to 55,84 dollars a barrel. Euro slightly moved against the dollar.
Among the European price lists, the most tonic is London, +0,32%, in view of the meeting at the White House between the American president Donald Trump and the British premier Theresa May. Paris closes in the red -0,56%; Frankfurt -0,29%; Madrid -0,09%.
In Piazza Affari there is the thud of Unicredit, after yesterday's boom. Meanwhile, the 13 billion capital increase is approaching, the start of which could be brought forward to Monday 6 February, before the approval of the preliminary 2016 accounts, scheduled for 9 February. Enthusiasm around the Generali match cooled down overall (-1,47%) pending any developments. In these hours the board of Intesa is underway (+0,8%), from which news on the dossier could arrive, even if the topic was not scheduled and the CEO Carlo Messina said: "we don't do pirate operations or corsairs”. Mediobanca also falls: -1,23%.
Ubi loses ground -1,17%, while the integration of the three Good Banks (Banca Etruria, Banca Marche and Carichieti) approaches, with Quaestio, manager of the Atlante fund, which has signed a memorandum of understanding for the purchase of 2,2 .XNUMX billion npl within the three restored institutions.
Among the oil companies, Tenaris -1,22% and Eni, -1,4%, fall back, the latter at the center of an investigation into the acquisition of a license in Nigeria temporarily confiscated by the Abuja court. Among the positive stocks we find Stm +3,64%; Buzzi +1,81%; fractional increase for FCA +0,48%. Good for Luxottica +2,17%; Ferragamo +2,47%, for which Morgan Stanley raised the target price from 20 to 24 euros with an equal weight rating; finally, Yoox also reversed course and closed at +2,95%. The sun apparently never sets on the horizon of luxury, also considering the results of Lvmh: 37,6 billion euro turnover in 2016, up 5%. The Louis Vuitton stock, however, today, in Paris, is down 1,9%.
