Breaking news November 18th at 5pm
The Ftse Mib closed the session down by 1.27% to 33,758 points, weighed down by the technical effect deriving from the detachment of multiple coupons – which, according to Intermonte analysts, weigh on the index by approximately 1.2% .
In the absence of relevant ideas from the macro agenda, the day was punctuated by the interventions of some central bankers, both from the ECB and the Fed. As regards the former, Luis de Guindos – vice-president of the ECB – highlighted the shift in risks towards the economic growth, as price inflation has already approached the 2% target.
In Piazza Affari, with the slowdown of the quarterly reporting season, investors’ focus was on corporate news. In particular, the banking sector benefits from last week’s newsflow regarding the prospects for the creation of a third hub after Intesa Sanpaolo and Unicredit. Highlights Banco Bpm gains 3.37% despite the detachment of the 0.4 euro coupon, Bper 2.32%, BPSondrio 2.4% and B.Mps 1.79%.
Enel was weak (-1.31%) on Capital Markets Day. The group intends to invest 43 billion euros over the next 3 years, of which 26 billion in networks, and bring the minimum fixed dividend to 0.46 euros from the current 0.43.
Profit taking on Generali (-0.18%) after the jump from over +4% recorded at Friday’s closing, in the wake of the publication of the accounts – and despite the multiple positive revisions to the target price on the stock. For example, Equita Sim sees Generali at 26.50 euros: the third quarter accounts led to an upgrade of 13% of the target.
Outside the main basket, Seri Ind. (+6.86%) through its subsidiary Fib has signed a framework agreement worth over 100 million euros with Power4Future, part of the Fincantieri group, for the supply of lithium ion battery modules intended to be installed on latest generation submarines, which will be produced in Italy at Faam’s Teverola plant.
On the other hand, Gvs (-8.97%) and Eurogroup L. (-8.21%) closed with a sharp decline in the wake of the opinions of the analysts of Equita Sim and Mediobanca Research on the accounts for the first 9 months, with a revision to reduction in estimates.
Finally, Altea GP leaves 2.72% on the field on the day of the move to Star. CEO Di Pascale, in an interview with MF Newswires, defined it as “a new beginning”; on the M&A front, the search for targets ranges between Europe and the USA.
How are US-China trade tensions influencing the investment strategies of international investors in European markets, particularly in light of the Italian economy?
Hello and welcome to our show. Today, we have two guests with us to discuss the recent developments in the stock market and its impact on the Italian economy. Joining us from the ECB, we have Dr. Luis de Guindos, Vice-President of the European Central Bank, and from Goldman Sachs, we have Mr. David Kostin, Chief US Equity Strategist.
Firstly, Dr. de Guindos, can you please share with us your insights on the role of the ECB in stabilizing the economy and managing market risks amidst the current global uncertainty? How do you perceive the shift in risks towards economic growth and inflation target?
Mr. Kostin, on the other hand, how do you analyze the US-China trade tensions and their potential impact on the global economy, particularly on European markets? Do you foresee any changes in the investment strategies of international investors due to these tensions?
Moving on to the Italian stock market performance, Dr. de Guindos, how do you evaluate the recent developments in the market, including the boost from the banking sector and the hopes of creating a third financial hub? And Mr. Kostin, what is your outlook on the Italian economy in the context of the ongoing trade war and Brexit negotiations?
Moreover, Mr. Kostin, your views on foreign investor sentiment towards the Italian market, especially after recent political uncertainties? any insights into the future investment opportunities or areas of growth in the Italian economy that international investors should be aware of?
Dr. de Guindos, could you also share your thoughts on the ECB’s involvement in facilitating investment flows into Italy and supporting its economic growth? And Mr. Kostin, what are the emerging trends that you are tracking in the global equity markets? How does Italy fit into this picture?
we would like to discuss some recent corporate news. Dr. de Guindos, your perspectives on Enel’s plan to invest heavily in renewable energy and infrastructure, and how it aligns with the EU’s climate change targets? Mr. Kostin, do you see any significant changes in the investment policy of global companies due to the increasing focus on sustainability and ESG factors?
