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One more sign for the Milan Stock Exchange today despite the stop of US President Donald Trump to help the US economy. POTUS said the $ 600 per citizen under the current provision represents a a “ridiculous” measure and that the amount should be raised to $ 2,000.
About him Ftse Eb It is worth highlighting the good performance of the energy sector, with Enel in the spotlight, and of industrial values.
At the close of the European stock markets, the Eurodollar has risen 0.3% to 1.21980 while the future for delivery in March in Brent is trading 1.8% to $ 51.08 a barrel.
Milan Stock Exchange today, update 5:40 pm: Ftse Eb, Enel jump
The last session before the Christmas break of the Ftse Mib closed at 22,130.18 points (+ 1.31%) while the spread recorded a contraction of 2.8% to 109 basis points.
The Brent trend pushed the trio formed by Eni (+ 2.68%), Tenaris (+ 2.79%) and Saipem (+ 2.9%). The latter has announced that it has signed a $ 200 million contract with Haifa Group for the construction of an ammonia plant at the Mishor Rotem site in Israel.
Day as the protagonist of Enel shares (+ 2.48%). The electricity giant has announced that the subsidiary Enel Produzione, the company EP Slovakia and the Czech company Energetický a průmyslový holding have signed a new deal modifying some terms and conditions of the contract signed on December 18, 2015.
The impact on the accounts of the Italian company, said Equita Sim, will depend on the date of exercise of the new anticipated call and the final value of the asset. The risk of negative adjustments, experts point out, “is limited in any case to the value of the investment itself.” Equita Sim confirmed the “buy” valuation with a price target of 9.3 euros (Currently the shares are trading at € 8,197).
Banks did well, with + 2.23% from UniCredit and + 1.69% from Intesa Sanpaolo, and assets under management: Banca Generali finished with + 1.87% and Azimut with +0.82%.
The latter were driven by the statements of the CEO of Mediobanca (+ 2.12%) Alberto Nagel, who, during a forum, revealed the interest of Piazzetta Cuccia for acquisitions in the asset management sector.
Equality for Atlantia (+ 0.03%) after the Cassa Depositi e Prestiti gave the green light to the consortium consisting of CDP Equity, Blackstone and Macquarie to submit a non-binding offer letter regarding the investment in Autostrade per l’Italia (ASPI).
Update at 13: Ftse Mib, Enel in the spotlight
At 1 pm, the Ftse Mib rose 0.45% (21,942.71 points), the Dax registered + 0.52% and the Cac40 + 0.41%.
In contraction in the first operations, in the middle of the session the spread registered an increase of 1 percentage point to 114 basis points.
Positive session for Enel shares (+ 1.56%). The electricity giant has announced that the subsidiary Enel Produzione, the company EP Slovakia and the Czech company Energetický a průmyslový holding have signed a new deal modifying some terms and conditions of the contract signed on December 18, 2015.
The changes refer to both financial support in Slovenské elektrárne both the mechanisms that regulate exercise of purchase or sale options relating to the transfer of the remaining interest in HoldCo.
The impact on the accounts of the Italian company, said Equita Sim, will depend on the date of exercise of the new anticipated call and the final value of the asset. The risk of negative adjustments, the experts point out, “is limited in any case to the value of the investment itself.” Equita Sim confirmed the “buy” valuation with a price target of 9.3 euros (Currently the shares are trading at € 8,197).
Minus 1.2 percent for Atlantia after the Cassa Depositi e Prestiti gave the green light to the consortium formed by CDP Equity, Blackstone and Macquarie to submit a non-binding offer letter regarding the investment in Autostrade per l’Italia (ASPI).
Future Wall Street: Positive Open Expected
Two and a half hours after the start of trading, the Dow Jones derivative registered + 0.18%, that of the S & P500 advanced 0.23% and the Nasdaq future showed + 0.07%.
Update 9:25 am: Ftse Mib in the test of 22 thousand points
In Piazza Affari the basket of blue chips, the Ftse Mib, changes hands in the first operations 22,000.02 points, + 0.71% compared to the previous data, while the spread registered a contraction of 2 percentage points to 110 basis points.
At the beginning, the Dax shows + 0.7%, the Cac40 shows + 0.68% and the London Ftse100 scores -0.01%.
In the first exchanges positive performances for the trio formed by Eni (+ 0.86%), Tenaris (+ 1.56%) and Saipem (+ 1.43%). The latter has announced that it has signed a $ 200 million contract with Haifa Group for the construction of an ammonia plant at the Mishor Rotem site in Israel.
Positive actions also for CNH Industral (+ 1.45%), FCA (+ 0.92%) and Leonardo (+ 1.01%).
Red at 0.75% for Atlantia after the Cassa Depositi e Prestiti gave the green light to the consortium formed by CDP Equity, Blackstone and Macquarie to submit a non-binding offer letter regarding the investment in Autostrade per l’Italia (ASPI).
“The new offer updates the previous one with regard, among other things, to the results of the due diligence in progress, the relative impact on the economic evaluation and the identification of the process and time for the presentation of a binding offer”, reports the CDP note.
1.26% increase for Enel shares. The electricity giant has announced that the subsidiary Enel Produzione, the company EP Slovakia and the Czech company Energetický a průmyslový holding have signed a new deal modifying some terms and conditions of the contract signed on December 18, 2015.
The changes refer to both financial support in Slovenské elektrárne attending the completion of units 3 and 4 of the Mochovce nuclear power plant, both mechanisms that regulate exercise of purchase or sale options relating to the transfer of the remaining interest in HoldCo.
Asian stocks above par
Hong Kong’s Hang Seng index posted + 0.7%, China’s A50 finished + 0.43% and the Nikkei closed + 0.33%.
Also above par is the Australian S & P / ASX 200 Index (+ 0.66%).
Wall Street: indices in no particular order
Yesterday’s session on Wall Street closed with the Dow Jones falling 0.67%, the S & P500 0.21% and the Nasdaq registering an increase of half a percentage point. (+ 0.51%).
