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Closing just below parity for the Milan Stock Exchange today which, in the last session of 2020, was affected by the decline in enthusiasm for the deal Brexi and the new uncertainties in the plan fiscal stimulus in the United States.
Although the annual balance registered a contraction of more than 5 percentage points (-5.2%), the Ftse Mib grew by almost 60 percentage points compared to the minimum registered in March.
In correspondence with the trading stop in Europe, the Eurodollar is close to 1.23 (1.22979, + 0.40%) while the future for March delivery in Brent is trading slightly at 51.27 dollars a barrel (+ 0.06%).
Milan Stock Exchange today, update at 17:40: Ftse Mib closes the year with 22,200 points
The 2020 Ftse Mib closed at 22,232.90 points (-0.12%) while the spread marks a fall of almost 2% to 107 basis points.
Today, Saipem shares posted the best blue list performance (+ 1.57%) after the announcement of a new joint venture agreement with Clough for a urea plant in Australia.
In the sector, Eni weakness (-0.16%) that signed a Memorandum of Understanding of cooperation with People’s Republic of China.
Among the Intesa Sanpaolo and UniCredit card banks, they fell 0.38 and 0.62% respectively. Less than 0.11% of Banco BPM that ended the sale without recourse of two separate portfolios of impaired loans.
Money in Diasorin (+ 1.31%): DiaSorin Molecular received US federal funding from the Advanced Biomedical Research and Development Authority for apply for certification of the Simplexa Covid-19 Direct molecular assay and increase its production capacity.
FCA (-0.19%) extended the sponsorship agreement with Juventus (-0.95%) until June 2024. The agreement establishes an annual base rate of 45 million euros subject to certain variable components related to sports results.
Update at 13: Ftse Mib, Saipem with better performance
At 1:00 p.m., the Ftse Mib rose 0.28%, the Dax 0.05% and the Cac40 participated in parity.
Little moved the spread to 109 basis points.
The best performance on the Ftse Mib was achieved by Saipem shares (+ 2.35%) following the announcement of a new joint venture contract with Clough for a urea plant in Australia.
Banco BPM was also positive (+ 0.41%) which closed the sale without recourse of two separate portfolios of impaired loans and some single-name positions.
FCA (+ 0.75%) extended the sponsorship agreement with Juventus (+ 0.83%) until June 2024.
Future Wall Street: US Stock Exchanges Toward New Highs
Two and a half hours after the start of trading, the Dow Jones derivative registered + 0.31%, the S & P500 derivative advanced 0.36% and the Nasdaq future rose 0.37%.
Update at 9:25 am: Ftse Mib, focus on Saipem shares
In Piazza Affari the basket of blue chips, the Ftse Mib, changes hands in the first operations 22,326.42 points, + 0.3% with respect to the previous data, while the spread did not register significant changes in 109 basis points.
Starting just above parity also for the Dax (+ 0.18%), for the Cac40 (+ 0.08%) and for the Ftse100 (+ 0.06%).
The best performing stocks on the blue list are Saipem shares (+ 1.24%) after the announcement of a new joint venture contract with Clough for a urea plant in Australia. the the total value of the contract is approximately $ 2.4 billion (Saipem’s stake is roughly half.)
Eni is also positive (0.29%) that it has signed a Memorandum of Understanding for cooperation with People’s Republic of China.
“In light of the common goal of sustainable development and the energy transition towards decarbonisation – the Six Legged Dog states note – the Parties will explore potential opportunities for collaboration focusing on low carbon energy sources, advanced technologies and circular economy “.
In the banking sector, Banco BPM (+ 0.11%) announced that the sale without recourse of two separate portfolios of impaired loans, sold to AMCO and Crédito Fondiario and, to other counterparties, of some Unique Name positions.
The main disposals correspond to two portfolios with a total gross book value (GBV) greater than 900 million euros and consists of 129 exposures to corporate counterparties.
FCA (+ 0.08%) extended the sponsorship agreement with Juventus (+ 0.44%) until June 2024. The agreement establishes an annual base rate of 45 million euros subject to certain variable components related to sports results.
Asian stock exchanges in no particular order
Hong Kong’s Hang Seng index rose 2.25%, China’s A50 finished + 1.68% and the Nikkei closed -0.45%.
The Australian S & P / ASX 200 index was also weak (-0.27%).
Wall Street: weak session after new all-time highs
After the new all-time highs, Wall Street charts closed cautiously: the Dow Jones and the S & P500 fell 0.22% while the Nasdaq registered -0.38%.
