PIAZZA AFFARI SUPER, THANKS TO the BANKS AND INDUSTRIAL
the DOLLAR RECORDS, The ECONOMY RESTARTS IN CHINA
Who starts well, runs the well-known saying, is half of the work. We hope that, for once, the proverb functions. Difficult to find a combination of factors better than the one that accompanied the "first" of the Italian Stock market: macroeconomic data excellent (see the best Pmi manufacturing since 2010); report of the sectoral convincing (or good data of car sales in Europe), battles ongoing corporate (Mediaset). And the banking sector, thanks to the pyrotechnic debut of Tour Bpm, ballast propellant of the Bull. Difficult to do better, in short, even if the rally occurred on a day of modest trades because the major stock Exchanges (Tokyo, London and Wall Street) the 2017 starts only in the morning. And already looms an appointment, crucial, the one with the data of the work the Usa this Friday: a very positive element will push the Fed to anticipate the increase in interest rates, with an immediate impact on the dollar, and, consequently, on the euro, yen and yuan.
WELL as the YEAR OF The ROOSTER
Also in Asia to 2017, the Year of the Rooster for the chinese calendar, has opened its doors with a loud and shrill chicchirichì.
- come on the chinese Exchanges on the wave of economic indices are on the upswing. PMI Caixin on the expectations of the directors of purchases of the manufacturing companies rose in December at 51.9 from 50,9 November, the consensus was to 50.9.
- Shanghai +0.8% and want to delete the label of the Bag the worst (-11,3%, worse than Piazza Affari) won in 2016.
- Big moves on the currency market. The dollar recovered after the sales of the week post-christmas, has been treated to the fixing of the official chinese 6,9498 , a step from the threshold of 7 yuan. The U.s. currency rises both against the yen (117,38) in euro (1,0472).
- Still closed Tokyo, the Bag is best Sidney +1,2% , ahead of Hong Kong +0,5%). The index Kospi in the list of South Korea is the rise of 0.8%. Mumbai salt 0.3%.
- The futures anticipate a positive opening o f Wall Street: S&P to +0.3%.
- Fourth day of rises, out of five, for the gold, the treaty 1.158 per ounce (+1%).
SALT THE OIL. IRAN URGES ENI AND SAIPEM
the Spotlight is on the oil market, for the first trade after the entry into force of the agreement on production cuts. Brent rises to 57,13 dollars per barrel (+0,55%), Wti to 54,04 (+0,6%). At Piazza Affari securities energy have opened the year in the hill in the Eni +1,1%, Tenaris +1,8%, Saipem and +4.5%, driven by the expectation of new contracts coming in from Tehran. Indeed, yesterday, the ministry of energy, iran has published the list of the 29 oil companies, who will battle it out to win orders in the sector through the new Iranian Petroleum Contracts. Among the names in the list, the figure the Eni. The hope of new contracts has put the wings even at the Trevi +6,22% and Maire Tecnimont +5,27%.
PIAZZA AFFARI SUPERSTAR, ORDERS, a RECORD FOR The INDUSTRY
In the Old Continent, free of the thrust of Wall Street and London, has shone Piazza Affari . The Ftse Mib rose by 1,73% 19.566 points, new high since mid-January 2016. Positive, but with less thrust, the other squares: Frankfurt (+0,89%) and Madrid (+0,68%). Storefronts to London, remained closed as Wall Street for the festivities.
- To bring the good mood in the markets we have thought of the Pmi, which measure manufacturing activity. Data for December, based on orders of the enterprises, reported a robust growth in demand, which had jumped in Italy at 53.2 points (one more in November), the highest since June. A result well above 50, the bar that separates the stagnation of the economy by the expansion, in line with France (53,3) but that brings Italy to Germany (to 55.6) and Spain (55,3), the most brilliant of the Eurozone.
go DOWN THE SPREADS ON BUNDS AND ON government bonds
- the First session of the year positive for the bond market Italian. The rate of the ten-year Italian fell in the area from 1.75% to 1,83% of the last closing of 2016, bringing to its lowest since early November.
- down the yield differential with the Bund, which tightens to 156 basis points from 163 basis points to the end of 2016.
- marginal decline in the premium of 10-year risk on the Spanish, that goes to 43 basis points from 45 points on 30 December, far from the peak from the beginning of 2012 — 55 basis points — touched a little more than a month ago, at the close of the constitutional referendum.
- Thursday, January 5, Madrid will offer up to 4,75 billion of paper in the medium-long term, inaugurating the cycle of issuance of the 2017. On the same day in Paris will issue up to 9.5 billion euros in Oat.
ACCELERATES The CAR: FCA +3.35% OF PARADES IN LAS VEGAS
To complete the picture in the pink of the economic downturn arrived in the evening the data on the Italian auto market. The recovery in the car market continued in December, both in Italy and in the rest of Europe (Spain +10,5%, France +5.1% back above 2 million vehicles delivered). In 2016, the sales in the Bel paese have exceeded 1.8 million (+15.8% at 1.824.968 unit) thanks to a good December (+13.1 per cent with one working day less). A recovery that has benefited, in particular, Fiat Chrysler (+18,4% to 528.189 vehicles with a share to the highest since 2012 the 28,94%) with six cars in the top ten of the machines that are purchased.
the Fca has also accelerated on the list + 3,35%: Tonight the group will make its debut at the Consumer Show in Las Vegas where it will present the infotainment system Uconnect the next generation to function with the Android platform developed with Google. It' also provided a press conference where the point on the car is autonomous, the minivan Peaceful, that soon will enrich the fleet of the car sharing Way mo, the society of the Alphabet that deals with mobility.
In the automotive brilliant return of Brembo in the Ftse Mib index: +4.3%, a new historical maximum. Well also Piaggio +2.2% in anticipation of final sales by 2016 in the sector of two wheels.
TOUR BPM, DEBUT WITH a BANG. BRILLIANT UBI
Finally, a day of glory for the banking sector, after the horrible year: the index of the field has closed up 2.25%.
To give force to the rally was the debut of bubbling of the Tour Bpm : the title of the third Italian banking group, in its first day of trading, closed up almost 9% 2,492 euro. The merger provides for the conversion of the shares of Banco Popolare with the exchange ratio 1-to-1, while they will serve 6.386 actions of B. Pop. Milan for 1 share of the new Tour Bpm. Very positive is the judgment of Equita Sim that has stressed " the synergy potential of the transaction”, is able to exceed the target officers that provide for a reduction of 9% of the combined costs to 2019, that is, lower charges for 320 million euros “also, because of the transformation in spa will, according to us, pressure to the management in achieving the objectives of the plan.”
Bright also Ubi Banca +4,9% even though it slipped again to the purchase of three good banks, already expected for the end of the year just passed. The Bank of Italy, through the Resolution Fund, and with the agreement of the Eu Commission, has decided to probe the subject that the last summer had advanced binding offers for the four banks bridge, and that had been rejected.
In positive territory for the rest of the sector: Banca Popolare dell’emilia Romagna up by +4.1%, Unicredit +2,5% and Intesa of +0.9%.
on a Positive insurance, General +1,6%, Unipol Sai +2%, and the groups managed savings Banca Mediolanum +1,5%, FinecoBank +3%.
MONDADORI: +25% IN A WEEK
Many themes to be reported in the rest of the list:
- Always under tension Mediaset +1%, Telecom Italia +2.5 per cent.
- Sitting on the rise for Atlantia +2,25% thanks to the upgrading of the motorway tolls. To the society house Benetton news also arrive from the airports, with Rome as its Capital, that on the 30th of December last, has launched a public auction for the sale of the entire stake held in the share capital of the Airports of Rome, equal to 1,329%.
- Still have purchases on Parmalat +1,22% to 2,998 euros, well above the price of the Takeover bid announced by Lactalis, a value of 2.8 euro.
- Mondadori rose by 9,31%, bringing the gains of the last week, more than 25% of
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