The serenity returns to world stock exchanges and Piazza Affari also takes a breather, closing up by 0,81%. Salvatore Ferragamo +6,63% and Unicredit +5,72% are the most attractive blue chips of the day. The first was due to Q2016 13 revenues and Christmas sales. The second recovers ground, after the heavy losses of the last few sessions. Tonight the board announces the price of the new shares for the 30 billion capital increase which starts on Monday. The discount on the Terp (the theoretical price before the detachment of the rights) should be between 40% and XNUMX%.
The purchases also reward other European markets, in particular Frankfurt +1,08%, with Volkswagen at +1%, despite the news that the automaker has obliged itself to pay 1,26 billion dollars to compensate around 78 American customers owners of "counterfeit" cars. Paris is also brilliant: +0,96%. More sluggish London +0,12% and Madrid +0,17%.
Wall Street opens positive, pending the Fed's statement, with the Nasdaq in the foreground, driven by the Apple stock (+5,38% at mid-day). In the fourth quarter of 2016, Cupertino hit the sales record in its history, thanks to the debut of the Iphone7. The dollar strengthens today and the euro loses 0,42 against the greenback (1,074).
In the middle of the day, however, the main price lists cool down, floating around parity. Brent +1,8% to 56,58 dollars a barrel, while gold falls (-0,47%), but remains above the threshold of 1200 dollars an ounce (1204,74).
Lots of macro data, from all over the world. The most important for Europe concerns the January manufacturing PMI of Italy, France, Germany, Great Britain and the Eurozone; each of these is above the psychological threshold of 50 points.
For Italy the figure, while remaining positive, is worse than the previous month (53 points, against 53,2 in December). Meanwhile, the elections seem closer and the cost of insuring the sovereign debt default (credit default swap) in 5 years is 173 basis points, the highest since December 5, i.e. after the constitutional referendum and the consequent resignation of Matteo Renzi. The spread between the 0,27-year BTP and the Bund is slightly moved +183.60%, 2,32 points, XNUMX% yield.
Returning to Piazza Affari: banks tend to be positive. In addition to Unicredit, Azimut +2,59% stands out; Bfor +2,29%; Banco Bpm +1,14%; Ubi +1,99%. Intesa also signs a +1,38%. “We have time” says Giuseppe Guzzetti, president of the Cariplo Foundation, when asked for an opinion on Generali. Which suggests that no news on the subject will come out from the next board of directors of the bank, on February 9th. Generali agents, on the other hand, seem rather concerned by this aggregation and by the risk of destruction of "an Italian company that is the flagship of the country". What is frightening, they argue in a letter addressed to the leaders of the Lion, is the "stew" hypothesis.
In decisive positive rebound, Leonardo +3,44% with the CEO Mauro Moretti who received full confidence yesterday, despite the condemnation for the Viareggio tragedy. Volano Stm +3,45%, which benefits from the results of the customer Apple and Brembo +3,12%. Buzzi recovers, +2,11%. Going against the trend, Luxottica -2,03%.
Among the mid caps, Safilo stops at -7,5%, penalized by the agreement that Marcolin signed with Lvmh with the aim of becoming the French group's privileged partner in the eyewear sector.
