For the Ftse Mib index in the last session of 2016, has closed with a rise of 0.2% 19.234 points: beginning of the year, the main index in milan she then left on the ground to 10.2%.
the day was characterised by volumes scarce, with the few data releases that have not had a great impact on the price. The index, the Napm Chicago is based on a survey conducted on the directors of purchasing in the manufacturing sector fell in December 54,6 points from 57,6 November.
At piazza Affari in light Salvatore Ferragamo (+0.8% 22,43 euro) thanks to the agreement with the Revenue Agency, which defines the method of calculation of the share of income that is exempt from Ires and Irap for the purposes of the so-called Patent Box for the direct use of the intangible. Well the Unipol (+2.1% to 3,424€), while UnipolSai has marked a 0.4% 2,03 euros. Banca Imi reiterated on the title of the recommendation in the hold and the target price to 1.60 euros. In progress Fca (+0.3% to 8,665 euro): Banca Akros has confirmed on the title the buy recommendation and the target price to 10 euros.
On the rest of the list is noted Parmalat (+1% to 2,962 euro), which is still above the price of the bid by Lactalis to 2.8 euros. Some analysts do not exclude an improvement of the offer by Lactalis. Very well LVenture (+2.9% 0,5575 euro) Mediobanca Securities, which confirmed the title of the recommendation outperform, bringing the target price 0.68 euro 0,84 euro.
the rally Ternienergia (+16.6 percent to 0,899 euro) that has signed a partnership agreement with JuicePower for the development and construction of generation plants, renewable energy and infrastructure energy management, including the central on-site and off-site, and storage systems for the energy, and to support JuicePower in the management of its portfolio-customers with intelligent systems for energy management.
The 2017 will still be the year of the policy and of central Banks. Since January, in fact, will be full of catalysts on these two fronts. From 20 January to begin the Presidency of Donald Trump, with the market so far have bet on, even against the expectations of pre-election that they wanted the victory of the republican as a risk factor for Scholarships, the positive effect that the policies of Trump will have on the U.s. economy.
Wall Street is arriivata to the appointment with the new year with a Dow Jones close to 20,000 points, a euphoria that not even the first rate hike by the Fed in December (which is very expected) and a ‘hawk’ of the central Bank of the Usa have been nicked. Danske Bank estimates four other rate increases, up to 2018 (2 in 2017 and 2 in 2018). Also in January there will also be the first event of the year with the Ecb (meeting of 19), after the announcements of December on the extension of QE. Deutsche Bank expects that “the Ecb announces a third extension of QE at some point in the second half of 2017″.
Andrea De Gaetano, Senior Analyst at Olympia Wealth Management, among the five surprises that have materialised in the second half of 2016 mentions the “generous Christmas gifts” of the Ecb. The market expected that the December 8″ the Institute “to extend the plan of purchases at the rate of 80 billion for another 6 months after march 2017, or about 60 billion per month, the extent of the stimulus plan monetary but protraendoli for the other 9 months.
The Ecb has chosen the second solution, more full-bodied, surprising, however, in the mode”.
“With cunning, machiavellian, the Ecb has revealed the change of some parameters of the program of stimulus money. From a side, has expanded the universe of securities that can be purchased by lowering from two years to one year the minimum maturity of the securities purchased. On the other hand, has determined that it may purchase securities with a yield lower than the deposit rate the Ecb (currently at 0.4% as)”, notes the Senior Analyst.
The other 4 surprises, continues the expert, were the following: “the euphoria after the Italian referendum”, with the market “and went in the diametrically opposite direction to what might have been expected”; Federal Reserve, “much more ‘hawk’ than expected”; Bank of Japan, which, for the first time in march 2015 has revised upwards the prospects of the economy of the Sol Levante; the team of which you are surrounding Trump.
According to Danske Bank, “even if the referendum on Brexit and the american presidential elections are past, the high political uncertainty “will continue to be a big theme of the market in 2017″. The next year there are several events political as the elections in France and Germany”.
In 2017, Stephanie Flanders, Managing Director and Chief Market Strategist for Europe and the UK by J. P. Morgan Asset Management, believes that “political events and policy measures are highly likely to continue to dominate the scene, in the course of which they will begin the negotiations for the Brexit and will be important elections in Europe. We believe, however, that for investors the real economy will continue to be the most important factor, especially with regard to the dynamics on the supply side in the United States, the resilience of the Eurozone and the recovery in the United Kingdom in a climate of uncertainty, as well as the pace and magnitude of a possible further appreciation of the dollar”.
The experts of Union Bancaire Privee (UBP) are expected “volatility and nervousness, but the opportunities will not be lacking. Among the developed economies, we look with favour to the United States, supported by macroeconomic data, robust, and growth prospects”. Europe, and continue to experts, “might disappoint, thanks to an uncertainty that could limit the already low potential growth and trigger the brief market corrections”.
Equita Sim remains cautious on the stock, but the tip on 10 best pick of piazza Affari, in 2017, 5 large cap and 5 small and mid-caps: Eni , FinecoBank , Ferrari , Luxottica, , Telecom Italia resp. among the blue chips, and Soul H., Brembo , Interpump , Ovs , We between the small and mid-caps. On all the selected actions to the analysts of the sim have confirmed a ” buy ” recommendation.
No comments:
Post a Comment