Tuesday, January 24, 2017

Flywheel Generali and Mediobanca, Wall Street opens shy. Sterling down after Court in the Uk – The Sun 24 Hours

Trend shy to Wall Street which looks at the meeting between Trump and the major car manufacturers active in the Usa, but is hampered by information coming from the quarterly of some of the big listed companies such as Lockheed Martin, Verizon, Johnson&Johnson and 3M. all in red. Runs both in Milan and New York for Fiat Chrysler Automobiles, which ceo Marchionne has been present at the summit with the new american president.

Trump builders: “Installations car in the U.s. in exchange for tax concessions”
In his meeting with the car manufacturers and the americans, Donald Trump has asked them a “boost” for the construction of factories and other facilities in the Usa; the president has promised a tax cut and deregulation. The president said he was “honoured” to meet at the White House, the leaders of Fiat Chrysler Automobiles, General Motors and Ford, respectively, Sergio Marchionne, Mary Barra and Mark Fields. According to Trump, environmentalism is “out of control”. “We will make the processes more simple for american companies and those who want to do business in the Usa, a Country that will become more “friendly” from the point of view of business, said Trump.

Verizon is the worst for the Dow Jones after quarter, below expectations
Among the main groups in the Usa who have spread the accounts, Verizon Communication, which is in the middle of the acquisition of the assets of the “core” of Yahoo, for the ones connected to the internet (this slipped in the second quarter), closed the fourth quarter with profits below forecasts, which makes the setting of the title on Wall Street of nearly 4%. The colossus of communications has reported a profit of $ 4.6 billion, of 1.10 dollars per share, down 16.6% from a 5.51 billion, or $ 1.32 per shares, of the same period of the previous year.

european stock markets remain positive, with Milan in the first row

Meanwhile, the european stock markets are positive (follow here the main index), in spite of the closure a slight decline recorded yesterday by Wall Street and this morning from Tokyo. Investors are wondering about the next moves of the us president, Donald Trump, who in the meantime has decided to suspend the commercial treaty of free trade trans-pacific. Not, however, convinced the speech yesterday, during which the successor of Barack Obama has promised a “cut ” massive” taxes for the middle class and businesses. Meanwhile, in Europe, it has been announced that is has improved the manufacturing activity, the Pmi increased to 55,1 points in January. In the morning, moreover, the Supreme Court English has announced that the Brexit must be approved by Parliament. The verdict immediately made to slide in the pound (the exchange rate with the euro). Milan boasts the best performance of the Old Continent, driven up by the General.



in General, a move anti-climbing: buy the 3% of Intesa SanPaolo

Flies General, traded 2.5% of capital
General keeps close to the highs of the session marking a rise in the double digits, with volumes already exceeding 2.5% of the capital while the financial markets seem to strengthen the hypothesis that Intesa Sanpaolo is able to take into account the launch of a public offer of exchange to get control of the insurance group. The actions of Trieste rise of 10,04% 15,68 euro with approximately 39 million units exchanged in two hours from the close of trading. According to analysts Intermonte, a supply of paper “may enhance General at least 18 euros per share”.
The first shareholder of the company,Mediobanca, which is the owner of about 13% salt, 8.5% to 8.75 euros and with trading volumes of 1.7% of the share capital. Both titles touch the highest in a year, while Intesa Sanpaolo slips still up 4.7% to 2,284 euro. Remains subdued Allianz (0.9% at Frankfurt) that in the reconstructions of the press could play the rol e of the industrial partner of the intended in the game or that may be evaluated to detect certain assets of the Italian company.



Equity: in the risiko General, the focus could switch on Mediobanca

For Fairness, the battle could move on Mediobanca
analysts of Equita speculate that the battle may move to this point on Mediobanca, which not the case is super request in the Bag. “The strategic alternative for Understanding – commented the experts – could be represented, according to us, from the purchase of its 8% share of Unicredit in Mediobanca and the subsequent launch of an offer on Mediobanca the same”. Thus, the banking group headed by Carlo Messina would become indirectly the first member of the Generals with 13% and may coagulate a blocking minority in an anti-climb. Experts are pointing the index finger on the dividend of the group led by Carlo Messina, from about 4 billion, that obviously would be at risk.

managed Savings in evidence, Alerion runs after new offer Fri-El
Outside of the basket the main, are highlights of the Bank General rise of 6%, benefiting from the hypothesis of extraordinary operations on the group the parent company. In general, the sector of managed savings is also the object of purchase at Piazza Affari for the indiscretion of the imminent acquisition of Aletti Gestielle (group Tour Bpm) on the part of the Soul. Are the highlights the Alerion after that surprise the Fri-El group, owner of a 29.4% stake, has promoted a voluntary offer on the remaining capital by placing on the plate bond Fri-El at a price of 3 euro each. So continues the battle on the company’s wind who has seen the team of Edison and F2i reach 39% in the past few weeks.

Euro little moved, sterling weak after the verdict, the Supreme Court
On the currency market, the euro is little moved on the dollar above the threshold of 1,07 (follow here the main exchange). The pound has embarked on the road of decline on the dollar after the Supreme Court English has established that the Brexit is necessary the vote of the Parliament. In practice, the uk Government Theresa May will have to consult the Parliament that must approve the notification of the article 50 of the Treaty of Lisbon for the start of negotiations for the exit from the Eu. The Supreme Court has also excluded any power of veto on the part of the assemblies of Scotland, Wales and Northern Ireland on the Brexit.

The oil, instead, is on the rise (follow here the trend of Brent and Wti). The spread came in the area of 161 points.

manufacturing Activity improved in Europe
Good beginning of the year for economic activity in the Eurozone. Reading the data of the survey, the Pmi of Markit Economics, at the beginning of 2017, the index, the flash manufacturing Pmi increased to 55,1 from 54,9 in December, a record value of 69 months. He slightly lowered the activity of the services so that the composite index for January stood at 54,3 points, a slight decline from eur 54.4 points in December.

Use, speeds up the manufacturing. Cala houses for sale in December
In January, the activity’ manufacturing of the united states has accelerated the pace, confirming the levels associated with an expansion of economic activity. The index compiled by the Federal Reserve of Richmond was an increase of 12 points from the 8 points of the previous month. A value below zero indicates a contraction phase of the economic activities, and vice versa, a reading above this threshold indicates a phase of expansion. Decrease the higher than expected while sales of existing homes in the United States in December, a sign that stocks are limited, the increase in prices and the increase in mortgage rates have put pressure on the american real estate market. The indicator, compiled by the industry association of the National Association of Realtors (Nar), has registered a decline of 2.8% to 5,49 million units. Analysts were waiting for a decline of 1.8% to 5,51 million, from the 5, 54 million in November.

(Il Sole 24 Ore Radiocor Plus)

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