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The Milan Stock Exchange closed the week just below par today (on the Ftse Mib, attention to Enel shares) awaiting news from the Brexit front and the fiscal stimulus in the United States.
Good news comes from the plan vaccination, which in Europe should start on December 27.
In correspondence with the trading stop in Europe, the Eurodollar stands at 1.22267 (-0.34%) while the future for March delivery in Brent rises 1.22% to 52.19 dollars a barrel.
Milan Stock Exchange today, update at 17:40: Ftse Mib in red, Enel in the spotlight
The Ftse Mib week ended at 21,976.12 points (-0.16%) while political tensions within the government majority pushed the differential to 111 basis points, more than two percentage points more than the previous figure.
In line with the trend on the blue chip listing, Enel shares closed at -0.16%. The company’s Board of Directors has resolved to initiate the procedures for the sale of a minimum of 40% and up to 50% of Open Fiber’s share capital to Macquarie.
Macquarie Infrastructure & Real Assets (MIRA) offered 2,650 million for the sale of 50% and 2,120 million for 40%.
In addition, the company announced the launch of a voluntary takeover bid partial for the acquisition of the shares and the American Depositary Shares of Enel Américas, up to a maximum of 10% of the capital. The company estimates that the total consideration of the OPA amounts to a maximum of 1,200 million euros.
Close in the red at approximately half a percentage point for Intesa Sanpaolo (-0.47%). According to the newspaper Il Messaggero, a Board of Directors convened to evaluate the possibility of distributing dividends up to 15% of 2019-20 profit.
In the sector, -0.46% for Monte dei Paschi di Siena (MPS) which approved the Strategic plan 2021-2025.
After reaching important technical targets in yesterday’s session, Pirelli finished with -6.19%, registering the worse performance of the main basket.
Update at 1 pm: Ftse Mib, parity for Enel
At 13 hours, the Ftse Mib rose 0.18%, the Dax advanced 0.12% and the Cac40 0.14%. The spread remained stable at 109 basis points.
Among the best performances, we highlight the + 0.63% from Intesa Sanpaolo and the + 0.81% from UniCredit. According to rumors, today the Board of Directors of the first should evaluate the possibility of distributing dividends up to 15% of the 2019-20 profits.
In the sector, -3.59% for Monte dei Paschi di Siena (MPS), which approved the Strategic plan 2021-2025.
Perfect parity for Enel shares. The company’s Board of Directors resolved to initiate the procedures for the sale of a minimum of 40% and up to 50% of the share capital of Open Fiber to Macquarie.
Future Wall Street: Expected to Open Under the Banner of Caution
On Wall Street, the Dow Jones derivative registered + 0.04%, that of the S & P500 rose 0.12% and the Nasdaq future was at perfect parity.
Update 9:25 am: Ftse Mib, Enel in the spotlight
In Piazza Affari the basket of blue chips, the Ftse Mib, changes hands in the first operations 21,982.70 points, -0.13% compared to the previous figure, while the spread changes little to 109 basis points.
At the beginning, the Dax marks + 0.14%, the Cac40 does not change and the London Ftse100 obtains + 0.27%.
In Piazza Affari, the focus is on Enel shares (+ 0.87%). The company’s board of directors has resolved to initiate procedures for the sale of a minimum of 40% and up to 50% of Open Fiber’s capital stock to Macquarie.
Based on the offer received from Macquarie Infrastructure & Real Assets (MIRA), the consideration for the sale of 50% of Open Fiber’s share capital is equal to 2.65 billion euros. In the event of a sale of 40%, the consideration amounts to 2,120 million. The transaction is expected to close on June 30, 2021.
Enel also announced that, as part of the corporate reorganization aimed at integrating the Enel Group’s non-conventional renewable activities in Central and South America into the listed Chilean subsidiary Enel Américas, will launch a voluntary partial takeover bid for the acquisition of the shares and American Depositary Shares of Enel Américas, up to a maximum of 10% of the capital.
The company estimates that the total consideration of the OPA amounts to a maximum of 1,200 million euros.
Intesa Sanpaolo registered a + 0.17% start-up. According to the newspaper Il Messaggero, a Board of Directors convened to evaluate the possibility of distributing dividends up to 15% of 2019-20 profit.
In the sector, -0.46% for Monte dei Paschi di Siena (MPS) which approved the Strategic plan 2021-2025.
“From the capital point of view, the Plan implies a strengthening that allows the Bank to restore the regulatory capital indicators, with an indicator of CET1 was introduced steadily above 12% and face the restructuring costs linked to the sustainable reduction of the cost base ”, reads the note from the Sienese institute.
Asian Stock Markets Close Red
Hong Kong’s Hang Seng index registered -0.93%, the China A50 ended -0.79% and the Nikkei closed -0.16%.
Less than 1.2 percent for the Australian S & P / ASX 200 index.
Wall Street: closing all positive
Yesterday’s session on Wall Street closed with the Dow Jones rising + 0.49%, the S & P500 rising 0.58% and the Nasdaq stopping at + 0.84%.
