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The Stock Market begins today the week in red: the evolution of Atlantia after the latest rumors while in the suit ASTM jumped on news of takeover bid.
Tensions triggered by increases in the fixed income sector continue to float in European markets: after rising to 1.3% for the first time in almost a year, T-Bond yield is now below 1.4% (1,348% at this time with a session high of 1,394%).
In correspondence with the trading stop in Europe, the future for the April delivery in Brent rose 2.5% to 63.68 dollars a barrel while the Eurodollar changed hands at 1.21428 (+ 0.21% ).
Borsa Today, update at 17:40: Atlantia stands out at Ftse Mib, ASTM takes off
The first session of the week closed with the Ftse Mib at 23,009.18 points (-0.55%) while the BTP-Bund spread rose from 93 to 94 basis points.
Eni + 1.72% and Saipem + 3.49% stand out in the Ftse Mib. In addition to the trend in crude oil, the Six-Legged Dog capitalized on the presentation of the business plan until 2024 while SPM advanced following the news of a new contract with Qatargas for 1.7 billion dollars.
Increase day for Atlantia (+ 4.62%) and for ASTM shares (+ 27.63%).
In the case of the first, the market has bet on the next offered by the consortium led by the CDP at the top of the EUR 8.5 to 9.5 billion range, while the latter’s shares took off after the first shareholder Nuova Argo Finanziaria launched aVoluntary takeover bid for 47.6% not owned.
Update at 13:00: Atlantia defying the trend at the Ftse Mib
At 1 pm the Ftse Mib shares 0.7% in red, the Dax falls 0.58% and the Cac40 loses 0.51%.
Specular trend for the BTP-Bund spread, up 2.1% at 95 basis points.
Eni’s + 1.39% and Saipem’s + 2.74% stand out in the Ftse Mib. In addition to the evolution of crude oil, the first stock is driven by the presentation of the business plan for 2024 which foresees an average annual capital expenditure of 7,000 million euros and a Ebitda almost doubled to a billion while the second the news of a new one contract with Qatargas for 1.7 billion dollars.
An increase of more than 4 percentage points for Atlantia (+ 4.12%) following rumors about an upcoming offered by the consortium led by the CDP in the upper part of the range of 8.5 to 9.5 billion euros.
Jump for ASTM shares (+ 27.3%) after first shareholder Nuova Argo Finanziaria launched aVoluntary takeover bid for 47.6% not owned. The operation, intended to exclude the company, foresees a consideration of 25.6 euros per share, plus 28% over the closing price on Friday.
Contraction of more than 2 percentage points for Moncler (-2.36%), Nexi (-2.45%) and for the pair formed by Recordati (-2.24%) and Diasorin (-2.01%).
Future Wall Street: Eighth Should Open Red
The new week of the stars and stripes price lists should open with a minus sign: the derivative of the Dow Jones at this moment registers -0.6%, that of the S & P500 loses 0.81% and the future of the Nasdaq leaves the field 1.43%.
Update 9:25 am: Ftse Mib, rumors push Atlantia
At the beginning of the week, the Ftse Mib is trading in red by one round percentage point at 22,905.5 points, while the BTP-Bund spread is confirmed at 93 basis points.
Starting below par also for the Dax (-1.07%), for the Cac40 (-0.88%) and for the Ftse100 (-0.77%).
There are only two positive performances in the blue chip basket, that of Eni (+ 0.22%) and that of Atlantia (+ 2.32%). To push this last title are the rumors about an upcoming offered by the consortium led by the CDP in the upper part of the range of 8.5 to 9.5 billion euros.
Contraction of more than 2 percentage points for Moncler (-2.81%), Campari (-2.15%) and STMicroelectronics (-2.05%).
Jump for ASTM shares (+ 26.5%) after the first shareholder Nuova Argo Finanziaria launched aVoluntary takeover bid for 47.6% not owned. The operation, intended to exclude the company, foresees a consideration of 25.6 euros per share, plus 28% over the closing price on Friday.
Asia Stock Exchanges: Tokyo Goes Against Trend
Hong Kong’s Hang Seng index fell 1.35%, China’s A50 ended -4.22% and the Nikkei closed + 0.46%.
The Australian S & P / ASX 200 index was weak (-0.19%).
Wall Street: the week ends in a draw
The Dow Jones finished at perfect parity on Friday, the S & P500 registered -0.19% and the Nasdaq + 0.07%.