(Il Sole 24 Ore Radiocor) – First session of the week positive for European stock exchanges, which continue on the path taken in the previous octave. The outcome of the German elections, substantially in line with the forecasts on the eve, does not affect the positive mood of investors, even if to understand who will govern in Berlin it will be necessary to await the outcome of the negotiations between the parties, which will not end in all likelihood before the end of the year. Thus all the indices of the Old Continent are positive, with the DAX 40 of Frankfurt in the front row, with an increase even reached one percentage point. The good too FTSE MIB of Milan, on CAC 40 of Paris, theIBEX 35 in Madrid, the Ftse 100 in London andAEX in Amsterdam.
Investors also welcome the absence of new bad news on the Evergrande front, while keeping the focus on Beijing’s moves, where the regulatory squeeze imposed by the executive on numerous economic sectors could extend to the financial sector. All this as the oil price rally continues on the prospect that the current level of crude oil output will struggle to meet growing energy demand.
News without surprises for analysts in Germany
“No news is good news”: the result of the political elections in Germany, which substantially confirms the forecasts of the eve, excludes a possible red-red-green coalition and sends the outgoing executive led by Angela Merkel to “extra time”. will maintain the leadership of the country during the long negotiations for the definition of the new government majority, is welcomed by the European stock markets. “From an economic and financial market perspective, the big news is that a potential coalition with SPD, Verdi and Die Linke cannot achieve a majority, which reduces uncertainty for the markets ahead of coalition negotiations,” he comments. Reto Cueni, chief economist at Vontobel. That the potential advent of a red-red-green government was considered “the main risk” of this electoral round is confirmed by a Goldman Sachs report on the German real estate market, which reports the fears of owners “for the potential adverse consequences on regulation “. With the “left” option no longer on the table, the markets seem to have no particular preferences between the two most likely outcomes of the negotiations: the “traffic light” coalition led by the SPD (with Liberals and Greens) and the “Jamaica” one that would send the socialists in the opposition and the CDU-Csu in government.
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In light Leonardo and Eni, in the tail Amplifon
Among the Milanese stocks with the highest capitalization, they stand out Eni e Unicredit. Among the best Leonardo – Finmeccanica: the rumors about an offer to the Italian Army for the Aics (Armored infantry combat system) program help to put the group’s titles in the spotlight. Stay behind instead A2a, while the decline in risk aversion penalizes utilities. In line Amplifon e Diasorin, which turned negative after a positive start.
La Doria aligns with the sale and Opa hypotheses
Day of very strong discounts for La Doria, after the start of negotiations with Investindustrial for the sale of the majority stake, equal to 63%, for a value of € 16.5 per share. The agreements under discussion provide that, once the transfer of the stake to a company of the Investindustrial group has been completed, a takeover bid will be launched on all the La Doria shares in circulation, at a price of 16.50 euros each, and the involvement of some of the selling partners in the post-transaction management of La Doria.
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