(Il Sole 24 Ore Radiocor) – It closes with a positive balance thanks to quarterly what, at least of the premises, risked being a week of fibrillation for the stock marketsstruggling with the race ofinflation and the increasingly imminent tightening of monetary policies. On the other hand, thanks to the season of accounts, which showed that the Omicron variant did not produce the feared effects on the economy, most of the European financial markets gained ground. The best of the week (7-11 February) was the Madrid stock exchange which brought home a 2.43% rise. On the second step of the podium Frankfurt (+ 2.16%) and third, tied for Amsterdam and London (both at + 1.92%). Positive eighth also for the Milan Stock Exchange, where the Ftse Mib gains 1.36% in five sessions, with Paris slightly behind (+ 0.87%) and the general Stoxx Europe 600 index which marks + 1.61%. Looking at the sectors, in Piazza Affari, thanks to the above accounts, the banks (with the FTSE Italia All-Share Banks sub-index up by 6.7%), on the other hand, the utilities are bad overall (-3.2%) thanks to the uncertainties on the government’s maneuver to curb energy costs. As for the individual stocks, the best of the week on the Ftse Mib is Banco Bpm (+ 22.9%) thanks to the tear in the last session due to the rumors on a possible interest of UniCredit. Double-digit increases for the Cnh group (+ 12.6%), which precedes Intesa Sanpaolo (+ 7%). The “black jersey” in the last eighth in Milan, on the other hand, goes to the pharmaceuticals of DiaSorin (-6.4%), the towers of Inwit (-5.4%) and the multi-utility Hera (-4.7%).
In the last session (11 Feb) the Ftse Mib loses altitude
The hopes of the European price lists on a “soft” tightening of interest rates, already weakened byinflation records, broke in the session of 11 February – the last of the week – against the “hawk” of the Fed, James Bullard, who made it clear that it is possible for him to raise the cost of money by a whole percentage point to combat the price rush. That was enough for the markets of the Old Continent to turn down, after the last sessions in which the quarterly, often above expectations, had kept the indices afloat. The operators had to register the wish of the White House itself for a remodeling of monetary policy by the Fed, while some speculate that within the FOMC, the operating arm of the US central institution, there are conflicting opinions on the timing of the adjustment. of rates. Prudence also by Christine Lagarde of the ECB, who warned: “If we act too hastily now, the recovery of our economies could be weaker.” In this climate, with the generalized rise in yields on ten-year bonds, the FTSE MIB he lost ground, thus interrupting the mini-rally which in three sessions had led him to gain over 3%.
Wall Street the last session of the week closed down with the intensification of tensions between Ukraine and Russia. The Dow Jones lost 1.43% to 34,737.47 points, the Nasdaq lost 2.78% to 13,791.16 points while the S&P 500 left 1.90% at 4,418.49 points.
“Yellow” Banco Bpm: purchases on UniCredit rumors
At Piazza Affari the attention was all focused on Banco Bpm. For more than three hours, the shares did not mark an opening price due to heavy buying, according to The messengerthe bank in fact would be in the crosshairs of Unicredit that could come forward with a proposal as early as the weekend. A spokesperson for Unicredit, however, clarified that the bank “continues to evaluate all the strategic options available and will not fail to keep the market informed of any concrete development”. No extraordinary board meeting has been called at the moment, the spokesperson added. “The merger hypothesis reported by Unicredit and Banco Bpm – writes Equita – would have a strong industrial rationale as it would significantly strengthen UniCredit’s competitive positioning in Italy in absolute terms (market share from 11% to 18%), especially in the North (market share from 10% to 20%), reducing the gap towards Intesa Sanpaolo ».
Focus on Unipol, ripping Mps after Franco words
On the list it closed lower Unipol which approved the preliminary accounts for 2021, the last year of a three-year plan closed with consolidated profits of € 2.326 billion (target of € 2 billion) and cumulative dividends expected for € 617.2 million. The subsidiary Unipolsai closed 2021 with a consolidated net result of 723 million euros (-15% on 2020 which, however, had benefited from the sharp decline in mobility), direct insurance deposits at 13.3 billion (+ 9.2%), of which Non-Life at 7.9 billion (+ 0.8%) and Life at 5.4 billion (+ 24.4%). The dividend proposal is stable at € 0.19 per share. At the end of the session, sales mainly on asset management with Mediolanum Bank e Banca Generali among the worst. Downhill too Iveco Group e Pirelli & C. In the wealth management sector, speculation on Unicredit and Banco Bpm has sparked Anima Holding which has as its first shareholder the bank led by Giuseppe Castagna. Out to the main price list he ripped Bank Mps with the hope of the Minister of Economy, Daniele Franco, that the bank “will become more solid and continue to develop having in mind a future that could be a partnership” (while maintaining the brand).
Bim exploits with Trinity takeover bid, coupon pushes Bff
Outside the Ftse Mib the exploit of Intermob Banking which closed 2021 with a net profit of 9.4 million euros compared to a loss of 11 million in 2020. The bank will change its name to Banca Investis. Trinity Investments, which holds 87% of the capital, has announced the launch of a takeover bid for 0.049 euros aimed at delisting. In the credit sector, too Banca Farmafactoring which will distribute another 125 million in dividends to shareholders for 2021 results after the 165 million distributed last fall. On the rise Bank Profile: the bank closed the past year with a net profit of 11.7 million euros, up 34.5% on 2020, including the gain from the sale of Banque Profil de Gestion SA equal to 2.3 million EUR.
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