Ftse Mib just under 22 thousand points, the lowest since 2016



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Positive session for the stock market today Federal Reserve and awaiting the green light from the United States Congress for the new fiscal stimulus package.

At the close of operations in Europe, the Eurodollar rose 0.22% to 1.21776 while the future for February delivery in Brent fell 0.16% to 50.68 dollars a barrel.

Stock market today, update at 17:40: Ftse Eb positive, spread at the lowest since 2016

The Ftse Mib closed today at 21,986.52 points (+ 0.23%) while the spread fell to 107 basis points, two percentage points less than yesterday and a new low since March 2016.

In the basket of blue chips, the increases achieved by Hera (+ 1.6%) and Terna (+ 0.92%) stand out.

Solid performance also of Enel (+ 1.45%) on the eve, according to the newspapers, of the Board of Directors convened to evaluate the sale of the 50% gave OpenFiber to Macquerie.

Regarding the banking sector, the ECB supervision He recommended that banks not distribute dividends (or limit their distribution to 15% of profits) and avoid buying their own shares until September 2021.

Closing with -1.62% for Intesa Sanpaolo after yesterday the bank’s No. 1, Carlo Messina, reiterated that, after the integration with UBI Banca no other extraordinary operations are foreseen.

Letter also to Banco BPM (-0.88%) communicating to Cattolica Assicurazioni (-1.48%) the fiscal yearoption to purchase 65% of Cattolica in the capital of the Vera Vita joint ventures (owning 100% of Irish insurer Vera Financial DAC) and true for sure (which has a real 100% protection).

Cattolica Assicurazioni has defined the position taken by Banco BPM “completely unfounded”.

Update at 13: Spread Btp-Bund at the lowest level since 2016

At 13 hours the Ftse Mib marks + 0.81%, the Dax + 1.54% and the Cac40 + 0.7%.

Red by 2 percentage points for the differential a 107 basis points. For the Italy-Germany yield differential is the lowest level since March 2016.

In the basket of blue chips, the increases achieved by Hera (+ 2.22%) and Terna (+ 1.28%) stand out.

Solid performance also for Enel (+ 1.99%) on the eve, according to the newspapers, of the Meeting called to evaluate the sale of the 50% gave OpenFiber to Macquerie.

Regarding the banking sector, the ECB supervision He recommended that banks not distribute dividends (or limit their distribution to 15% of profits) and proceed to purchase their own shares until September 2021.

Intesa Sanpaolo shares lost almost one percentage point (-0.92%) after yesterday the institution’s number one, Carlo Messina, reiterated that, after the integration with UBI Banca, no other extraordinary operations are foreseen.

Plus sign of Banco BPM (+ 0.39%) that reported to Cattolica Assicurazioni (-2.54%) the fiscal yearoption to purchase 65% of Cattolica in the capital of the Vera Vita joint ventures (which owns 100% of Irish insurer Vera Financial DAC) and true for sure (which has a real 100% protection).

Cattolica Assicurazioni has defined the position taken by Banco BPM “completely unfounded”.

Future Wall Street: Positive Open Expected

After yesterday’s purchases, today’s session on Wall Street should also open positively: the Dow Jones derivative registered + 0.3%, that of the S & P500 increased by 0.33% and the Nasdaq future rose by 0, 2. 3 %.

Update 9:25 am: Ftse Mib positive, waiting for the Fed

In Piazza Affari, the basket of blue chips, the Ftse Mib, changes hands in the first operations at 22,089.32 points, + 0.7%, while the spread is confirmed at 109 basis points.

At the beginning, the Dax marks + 1.3%, the Cac40 advances 1.04% and the London Ftse100 scores + 0.88%.

In the blue chip basket, the increases of Saipem (+ 2.11%) and Eni (+ 0.87%) on the one hand and of Hera (+ 1.46%) and A2A (+ 0.96%) for a side. other. Solid performance also for Enel (+ 1.37%) on the eve, according to the newspapers, of the Meeting called to evaluate the sale of the 50% gave OpenFiber to Macquerie.

Among the bankers, red a quarter of a percentage point for Intesa Sanpaolo after yesterday the bank’s No. 1, Carlo Messina, reiterated that, after the integration with UBI Banca, no other extraordinary operations are foreseen.

Positive start for Banco BPM (+ 1.18%) which reported to Cattolica Assicurazioni (-4.23%) the financial yearoption to purchase 65% of Cattolica in the capital of the Vera Vita joint ventures (owning 100% of Irish insurer Vera Financial DAC) and true for sure (which has a real 100% protection).

“The exercise notice – informs the press release issued by BancoBPM – of the purchase option transmitted to Cattolica informs us of the reasons that lead us to believe that the execution, on October 23, 2020, of the corporate and industrial transaction between Assicurazioni Generali (+ 0.49%) and Cattolica, announced to the market on June 25, represented a change of control over Cattolica and, therefore, empowers Banco BPM to exercise the option to purchase Cattolica’s share of the capital of joint ventures ”.

Cattolica Assicurazioni has defined the position taken by Banco BPM “completely unfounded”.

Asian stock markets closed positively

Hong Kong’s Hang Seng index posted + 0.97%, the China A50 ended + 0.59% and the Nikkei closed + 0.26%.

Similar trend for the Australian S & P / ASX 200 index (+ 0.72%).

Wall Street: session toned for US equities

Yesterday’s session on Wall Street closed with the Dow Jones rising 1.13%, the S & P500 rising 1.29% and the Nasdaq closing the session 1.25% higher.

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