Italian Stock Exchange: FTSE Mib + 0.75%. Gtech and Telecom soaring, flying with Carige Malacalza 10.5%
The FTSE Mib marks +0, 75%, the FTSE Italy All-Share + 0.78%, the FTSE Italy Mid Cap + 0.98%, the FTSE Italy Star +0.77%.
European stock markets in positive territory. Last Friday on Wall Street, the S & amp; P 500 ended at -0.30%, Nasdaq Composite -0.45%, the Dow Jones Industrial to -0.49%. Futures on major US indices are currently rising by about 0.2%. In Tokyo, the Nikkei 225 ended at + 0.15%, Hong Kong’s Hang Seng + 0.26%, Shanghai CSI 300 to +0.80%.
Gtech (+ 3.7%) extends the rally on Friday chalked up after the Nevada Gaming Commission unanimously authorized the acquisition in the course of International Game Technology (IGT) by Gtech (last authorization provided by an authority control the operation of the game).
In sharp upward Telecom Italy (+ 2.5%) after the weekend the CEO of the French Orange , Stephane Richard said to evaluate an agreement that will lead to a merger with the company headed by Marco Patuano as part of the consolidation process underway in Europe between the telecommunications operators. According to press rumors Telecom Italy has denied the existence of ongoing talks.
Successful start for Salvatore Ferragamo (+ 2.6%) thanks to the words dell’a.d. Michele Norsa , who said that the month of February was excellent and provided for a further growth in 2015.
Purchases of Autogrill (+ 2.6%) and WDF (+ 1.6%) after the first has completed the transfer of the remaining of HMSHost travel retail activities in the United States to the second. The sale of these assets is done after obtaining the necessary authorizations by the grantors. The price agreed upon by the parties amounted to $ 19 million.
Purchases on securities in the motor, waiting for data on registrations in February in Italy (+4 in France, 1%). The EURO STOXX Automobiles & amp; Parts marks + 0.9% approximately. In Milan FCA (+ 1.9%), Sogefi (+ 1.9%), Brembo (+ 1.5%), Piaggio (+2%).
Banca Carige (+ 9.6% to 0.0718 euro) manages to get into bargaining after the agreement to sell the 10.5% stake from Fondazione Carige to Malacalza Investments for a value of over 66 million euro (0.062 euro per share). With this operation, which requires permissions of Bank of Italy and the Ministry of Economy, Malacalza become the largest shareholder of the bank Genoese. Vittorio Malacalza in an interview with La Stampa said they did not rule out that the investment may go up to 24%.
As for the macroeconomic events scheduled today to remind 9:55 manufacturing PMI Germany, the 10:00 Eurozone manufacturing PMI and unemployment rate (prelim.) Italy, 10:30 index of consumer credit and the UK manufacturing PMI at 11:00 inflation (flash) and 11:00 Eurozone unemployment rate, the deficit / GDP GDP in 2014 and Italy.
In the US at 14:30 consumption and income, at 15:45 index Markit manufacturing PMI (final), 16:00 ISM manufacturing index and construction spending.
The last note monthly Istat on economic Italian detects the presence of positive signs of strengthening. In the first quarter of 2014 is expected to return to growth with an increase in GDP of 0.1% as a synthesis “of the still negative contribution of domestic demand (gross inventories) and the strong contribution of net exports.” In the fourth quarter of 2014 had recorded a GDP unchanged on the previous month and a decrease of 0.4% from the year before. < br /> In February manufacturing activity in China back above the threshold of 50 points separating growth from contraction. And the final reading of the Purchasing Managers’ Index (PMI) prepared by Markit / HSBC, in fact, stood at 50.7 points against 50.1 points in the preliminary data (expected value even by economists), up from 49.7 January and 49.6 in December.
Saturday the People’s Bank of China announced the cut of interest on loans to one year in a quarter of a percentage point to 5.35% and the same value for deposits, the whose rate was lowered to 2.5%. After the previous rate cut announced in November, Beijing continues with targeted measures to stop the slowing growth of the economy of the country.
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