New York is ready for new records, while Milan remains at a standstill. This is the balance sheet for the day, with Piazza Affari stopping at -0,17% after a cautious recovery in the morning; while Wall Street opens on the rise, with Nasdaq and DJs launched towards new goals. Weighing on the Ftse Mib are above all Banco Bpm -5,98% and Fiat -2,91%, still conditioned by fears related to the problem of emissions, awaiting an agreement with Germany and the news of new investigations in France. The best title of the day is Azimut, +3,31%.
The other European markets are uncertain. Moderately positive Frankfurt +0,34% and London +0,2%; weak Madrid -0,29% and Paris -0,49%, with the slide of Bnp Paribas -4,77%.
The nervousness about government bonds remains and the spread, "rude", as Minister Pier Carlo Padoan maintains, reminds Italy that it must reduce its public debt. Instead, the Target2 debt rose again in January, reaching a new all-time high and updating the November record. The differential between the Italian 198.10-year bond and the German 2,34-year bond is better than yesterday and stops at 2 basis points, yield 2%. In this context, Italy and France are being watched by investors and on Friday they will have to deal with Moody's pronouncement on the sovereign rating, respectively 'BaaXNUMX' with a negative outlook and 'AaXNUMX' with a stable outlook.
For Giacomo Vaciago the spread is “a thermometer of tension. It is growing because there are unsolved problems in Europe and the first is the lack of overall strategic vision”. The nervousness and uncertainty in the Eurozone are also favoring the strengthening of the dollar: today the euro slips by 0,5% against the greenback, trading at 1,069. Oil loses share, Brent -1,53%, 54,87 dollars a barrel, weighed down by some signs of a slowdown in demand which, together with the increase in US production, could frustrate OPEC's efforts to balance the market . Among raw materials, gold remains at its highest since November in the area of 1.230 dollars an ounce.
Returning to Piazza Affari: with Banco Bpm, Bper also loses share -3,46%; red also for Ubi -1,58%. Unicredit pride shot: +0,49%. Sales also on Mediobanca -2,11%; Understanding -1,92%; Generals -0,55%. The latter, according to the president of the banking group “have nothing to defend themselves against. If there is an assessment of the opportunity to make combinations with Generali, we will let it be known and then the market will be able to judge".
Brilliant Azimuth +3,31%; supported by Banca Mediolanum +1,72% and Finecobank +1,59%. The latter presented very positive 2016 accounts, with net profit of 211,8 million and an increase of 10,9% compared to 2015. “It is the best year ever – comments the CEO Alessandro Foti – the second record after 2015”.
Profit taking on Telecom -2,41%. Purchases Moncler +1,9%, Recordati +1,82%; Stm +1,6%; Luxottica +1,29%. Cnh, +1,52% takes advantage of Goldman Sachs' "buy" advice.
Hera stands out from the main list, +2,24%, supported by the prospect of being able to enter Serie A, if Mps leaves. In fact, Ftse Russell, the company that manages the Ftse Mib, awaits indications from the Sienese after the board meeting on February 9, but if there is no news on the resumption of trading, the title will be excluded from the index. The decision will be revoked only if MPS trading is restored no later than February 28. Then it's Hera's turn.
