Borsa italiana gains further ground: FTSE Mib +2,10%. Banking is always under the spotlight – The Print

Borsa italiana gains further ground: FTSE Mib +2,10%. Bank always in the spotlight

Borsa italiana gains further ground: FTSE Mib +2,10%. Banking is always under the spotlight.

european stock Markets in net progress. Wall Street uncertain: at the closing of the european stock exchanges and S&P 500 Up 0.1%, Nasdaq Composite down 0.2%. The FTSE Mib has finished to +2.10%, the FTSE Italia All-Share +2,06%, the FTSE Italia Mid Cap +1,76%, the FTSE Italy Star +0,68%.

the Euro on the maximum of the day against the dollar. EUR/USD to the closure of the european markets mark 1,0760 about.

bond Markets, the eurozone, the positive, the suburbs are still in evidence. The yield on the ten-year Bund falls 1 bp to 0.35%, that of the BTP falls 6 bp to 1,91% (-5 bp for the Bono Spanish to 1,45%). The spread falls 5 bp to 156.

with regard To the macroeconomic data of the day today we report that in the USA the survey JOLTS (Job Openings and Labor Turnover Survey) should be noted that the positions sought after by employers in October amounted to 5,534 million, lower than the 5,631 million in September but greater than 5,500 million expected by economists. The EIA (Energy Information Administration) announced that, in the week ending last December 2, the oil stocks in the USA fell to 2,389 million barrels. The estimates of the analysts were fixed on a decrease of 1,032 million barrels. In October in Germany, the industrial production grows less than expected: the central Statistical Office Destatis indicated an increase of alo 0.3% compared to the previous month. The given result below the expectations of analysts who had estimated an increase of 0.8%. The earlier data was found to be equal to-1.6%. In October, the manufacturing production in the Uk decreased by 0.9% compared to the prev ious month, against expectations of analysts fastened on an increase of 0.2%. Compared to the same period of the previous year, the decline was 0.4% against expectations of +0,8%. In the United Kingdom, the Index, Halifax real Estate Prices in November showed an increase of 0.2% on a monthly basis. Compared to November 2015, the index is up 6%, in line with expectations, but growth compared to the previous survey: it is fixed on an increase of 5.2%. Istat announced that in October the unemployment rate in Italy remains stable for the fourth consecutive quarter compared to the previous quarter to 11.6%, while increases of 0.4 points compared to the same quarter of 2015, with a tendential growth of 132 thousand unemployed.

Continues the rebound of the Italian banking. The FTSE Italia Banks marks +4,46%, against +1.8% in the EURO STOXX Banks. Shines BPER Bank (+10,41%) who take advantage of the information provided yesterday by the research department of UBS. According to analysts of the swiss bank, the shares of the institute and emiliano are currently the best investment in the Italian banking sector, in virtue of the good consistency of the buffer of capital in a phase of uncertainty as the current one.

the Strong upward movement also for Banca MPS (+10,79%), waiting for developments on the dossier recapitalisation: according to the latest rumors continue to treat (and will be until the end of the week) in an attempt to realize the share capital increase of 5 billion euros without government support. In case of failure will become inevitable to save the State, which could take place through the acquisition of bonds, subordinated in the hands of the private and subsequent conversion into shares. The commissioner, EU Antitrust, Margrethe Vestager, has said that it is working on various solutions to place at the disposal of the governments to resolve situations of distressed banks.

Very good UniCredit (+9.42% of) despite the fact that the French agency Agefi Quotidien and some analysts point to the risk that Amundi does not have the necessary resources to make a cash payment for the acquisition of Pioneer, for which negotiations are in progress in exclusive. It is therefore possible that UniCredit receives a portion of the payment, approximately 900 million euro, in shares of the new Amundi-Pioneer thus obtaining a 10% share of the new entity.

General+7,33%) is in good shape. The Newspaper reported rumors according to which the company triestina may initiate negotiations for the sale of Generali France Allianz (+1,4%). The operation would be functional to the subsequent merger with the French Axa (+4%), which in reality would be a merger of Generali Axa, given that the latter draws about 58 billion euros, compared to 20 in General.

Telecom Italia (+5,08%) is gaining ground. From the communications to the SEC, the Consob USA, it is learned that the date of December 5, 2016 Vivendi (down 0.4%) has climbed to the 24,19% of the share capital of Telecom Italia (3.637.328.030 actions). Between 23 November and 5 December last year, the French giant has bought 117,9 million shares of the phone company on the market.

Leonardo Finmeccanica (+3.05% to 13,50 euro) in net progress: BofA Merrill Lynch improves the recommendation on the title to buy, confirm the target to 15.50 euros. According to press rumors the group would have transferred nearly the whole of the shares in Superjet International, the Russian Sukhoi. In addition, the Polish press yesterday reported the start of a race by about 3 billion euros to supply 14 helicopters to the ministry of defence Warsaw, a competition in which Leonardo would be in a good position.

Excellent performance in the infrastructure business with Astaldi (+5,56%) that reaches to the highest since march, and Salini Impregilo (+3,03%) aided by the announcement of the group’s u.s. subsidiary, Lane Construction Corporation, the latter has been awarded a contract in the United Arab Emirates and one in the United States (Pennsylvania), and was selected as the best bidder for a project in the USA (Florida), for a total value of three contracts for 370 million dollars.

MolMed (+6,12%) extends the rally of the last sessions in the wake of the release of the deposit at the European Medicines Agency (EMA) demand for input conditioning in commerce through the procedure of Conditional Marketing Authorisation (CMA) for NGR-hTNF, its anti-cancer drug experimental.

(Simone Ferradini)