Monday, January 2, 2017

Stock exchange Milan, italy: Ftse Mib index best in Europe, after -10% in 2016 – Wall Street Italia

For the borsa italiana, the 2017 opened at the sign of the uncertainty and dossier that will remain under the spotlight of global investors for a good part of the year. In the foreground the story of the Mps, the next to be rescued by the State with a plan of recapitalization as a precautionary that could lead the Treasury to hold a stake in the bank of siena up to 62%.

But there are several obstacles to the nationalisation of MPS: do not last the demands of the Ecb, which believes that the needs of the bank’s capital is higher than the one originally asked for: no more than 5 billion, but € 8.8 billion.

Looking at Piazza Affari, the 2017 starts after 2016 it is concluded, for the Ftse Mib index is significantly negative. The reference index of the Italian stock exchange has closed last year with a loss a fall of 10.2%, in the face of declining -9,9% in the Ftse Italia All Share of 9.9% and the Ftse Mib of a fall of 10.2%.

The total market capitalisation of listed companies amounted to 524,9 billion, equal to 31.8% of Gdp, compared to 567,6 billion at the end of 2015 (34,8% of the gdp) despite the collection of 6.1 billion by companies already listed or re-admission.

To add ballast to the Ftse Mib index is the state in 2016 especially the trend in the subindex Ftse Italian Banks, which ended the year with a decline -39%. In particular, looking at the individual performance of the bank securities, UniCredit has witnessed a decline in its market capitalization 14.8 billion (with prices lowered -46,8%), Intesa SanPaolo has lost 11 billion (-21,4%), Banco Popolare 4,95 billion (-75,7%), Ubi Banca 3.4 billion (-57,8%), the title of the Mps has seen go up in smoke well 3.2 billion (-87,8%), Bpm 2,46 billion (-60,8%), Fineco 1,39 billion (-30%), while Mediobanca (-12%) and Bper (-27,6) have lost approximately 930 million head.

But today the first meeting of 2017 to Piazza Affari has been more than positive. The Ftse Mib index reported the improving trend in Europe. Low volumes of trade, in a session which remained closed bags Tokyo, Zurich, London, and even Wall Street.

In general, the european stock jumped to a record in more than a year, benefiting from the publication of the survey of Markit on the PMI manufacturing in the Eurozone rose in December to the record since April 2011. The data came from 53,7 points in November to the final reading of 54.9 points. The Euro Stoxx 50, the Stoxx 600 rose +0.5% after the communication of the index, jumping to the record since December 2015.

The Ftse Mib in Piazza Affari, has tested also the highest level since January 15, 2016. The title protagonist is, above all, the Tour BPM,created by the merger between BP and BPM, which has marked a jumped +6% on its first day of trading on the price list in milan.

Well, the Dax in Frankfurt, the highest in nearly 17 months, while the Cac of the Paris stock exchange has tested the record in 13 months. Down the euro / dollar exchange, fell below the threshold of $ 1,05. Among the other asset, the Bitcoin has exceeded the threshold of $ 1,000 for the first time since the end of 2013.

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