Closing mixed for the european Exchanges (follow here the main indices) that have lived a day of uncertainty. If a part remain doubts about the performance of the global economy, on the other, some quarterly disappointing have encouraged orders for sale. First of all that of Apple, which has filed the first annual report on the decline for 15 years. The recovery of Wall Street (follow here), however, did improve the european indexes. So Milan has ended the session up 0.29%, doing better than the rest of Europe, along with Madrid.
additionally, investors continue to question on the macro environment that is looming on the horizon, especially after the data to the lights and shadows of today. Germa ny has blamed a drop in consumer confidence, in the wake of concerns about the international economy. The indicator published by the Gfk, which measures the sentiment of consumers, fell to 9.7 points in November, by 10 points in October. This is the lowest level since the month of April. Also concerned about the delicate situation in italy, after the european Union has required adjustments to the budget for 2017. The Istat has shown to August, a decrease in retail sales of 0.1% in value and 0.2% in volume at the level of the economy. Also on an annual basis, sales fell by a total of 0.2% in value and 0.8% in volume. As if that wasn’t enough he has disappointed even the global giant Apple, which closed the end of 2016, with the first budget decrease since 2001. In the fiscal year that ended last September 26, 2016, the Cupertino company has registered a profit of 45,68 billion dollars, down 14.4% compared to the previous year, on revenues of 215,63 billion, a decrease of 7.7%.
Milan punctuated by some of the banks and the Fca
Square’s Business has benefited from the performance of some banks, such as Banco Popular (+3.5%) and Bpm (+2,55), Bper (+1.6%) and Ubi Banca (+1,4%). Were popular also leUnipol (+2,89%), and Fiat Chrysler Automobiles (+4,37%), while the latter are always on the wave of the quarterly accounts and especially, after the top of the car house have revised upward the forecast on 2016. Following the performance in the third quarter, the Fca has revised upwards the target for 2016 with the indication of an adjusted net profit of over euro 2.3 billion (it was over 2 billion euros), on net revenues of more than 112 billion euros, and net industrial debt below 5 billion euros. In the third quarter, the company reported net revenues in line with the same period of the previous year to 26.8 billion euros. In addition, analysts were impressed by the good performance of sales in the Usa and by the superior performance expected of a Maserati. The main broker agree on the fact that the titl e is undervalued compared to its competitors, while putting, however, highlight the possible uncertainties in 2017. More today, The Sun 24 hours have suggested a deal with the spin-off of Magneti Marelli, assessed by 3.5-5 billion. Evaluation, however, Equita considers excessive.
Still a bad day for the Fortress Salibeni
Banca Mps has again accused a day in the deep red: the titles have closed down 8.6%, after the thud of yesterday, but after the sprint of the six previous sessions. The exchanges were still swirling, so much so that it was treated with 9.6% of the share capital. Investors believe that the financial objectives of the industrial plan to 2019 are interesting, but remain doubtful about the path of strengthening the balance sheet by 5 billion euros. Of the rest the same as number one, Marco Morelli, has not provided precise details on the possible interest in investing in the bank of siena by the anchor investor international, nor has provided information about the proposed conversion of subordinated bonds into shares.
Saipem down, disappoint, prospects
they Have also hurt the Saipem (or 2.9%), in the aftermath of the dissemination of the accounts for the first nine months and the plan 2017-2020. The financial statements as at 30 September was ended with a loss of a net loss of 1,925 billion, due to “rationalisation and write-downs”. Revenues were us $ 7,88 billion (6.6%) that the adjusted Ebitda increase to 997 million (224 million in the same period of last year), and net income, as adjusted 200 million (from a loss of 562 million). But a perplexing investors was, above all, the guidance numbers to 2017, which provides for revenues of 10 billion, a gross operating margin 1 billion, a net profit of over 200 million and a net debt below € 1.4 billion.
Banca Mediolanum, under the lens after the position the Ecb
Bank Mediolanumha lost 1% on the day in which it emerged that fell in the field of the european central Bank to contest the participation of Fininvest, equal to 30%, the holding company that controls the institution. Fact of the matter reopens the issue of participation of Fininvest, this time with Banca Mediolanum, after that in 2014, the Bank of Italy had already asked the holding company to dispose of part of its stake in Mediolanum (that in excess of 9.9%) due to the loss of good repute by Silvio Berlusconi, after the final sentence for tax fraud the former president of the Council in the process on the rights Mediaset television. The Council of State in march had accepted the appeal of Fininvest, effectively blocking the sale of the shares of the holding company.
Finmeccanica is set to rise slightly on the prospect listing Avio
Leonardo – Finmeccanica rose advanced by 0.18%, on the day in which it emerged that the company Avio will arrive at Piazza Affari by the second half of February, possibly in the Star segment. The arrival on the list, as announced in the last few days, it will come with a business combination with Space 2, the spac sponsored by Sergio Erede, Roberto Italia, Gianni Mion, Carlo Pagliani, Edoardo Subert.
Euro regaining share 1,09 dollar, weak oil
On the foreign exchange, the euro has regained share 1,09 dollar (see here the main cross).. The oil will lose points (follow here Brent and Wti), also due to the position of Vladimir Putin has said that Russia does not intend to cut the production of crude oil. He, however, recovered positions after it emerged that in the Usa stocks of oil in the United States have fallen to the surprise of the 553mila drive 468,158 million, while analysts were waiting for an increase of 2.1 million barrels.
Spreead rise in area 144 points
The spread has closed higher over the 144 points, while going ahead with the ping-pong between the Eu and Italy on the manoeuvre the economy, after the request for Brussels to correct the measures included in the Budget Law. The european commissioner for economic Affairs, Pierre Moscovici, said: “we must Not minimize, but not dramatize”.
(Il Sole 24 Ore Radiocor Plus)
© Reproduction reserved
No comments:
Post a Comment