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Borsa Italiana: Comment Day (January 31, 2019)



Italian GDP fell by 0.2% in Q4 over the previous three months. Stocks of telephone companies were suspended upside down

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Piazza Affari in a negative area. FTSEMIB is severely collapsing in banking, after sales hit the main German institutions. Italy's GDP ratio also has a contraction of 0.2% in the fourth quarter compared to the previous three months. The data were worse than the analysts' expectations, which estimated the contraction of 0.1%. The Fed has confirmed its monetary policy yesterday at the end of the first 2019 meeting. IntesaSanpaolo reported that FOMC reported that it was actually on the window waiting for the development of data and economic and political events. "We are still holding growth expectations in the second half of the year, with high risk," experts say.

Market-scende_1At 12.45 FTSEMib dropped by 0.45% to 19,682 points, while FTSE Italia all stocks lost 0.41%. Also in red color FTSE Italy Mid Cap (-0.08%) and for FTSE Italia Star (-0.14%).

L & # 39;euro came back below $ 1.15.

spread between BTP and Bunda with a maturity of ten years, it remains below 250 points.

BROWSE securities offer SOLMib40

Telecom Italia recorded a jump of 5.9% to EUR 0.4903 after halving the price rise, From the press release, it has been learned that the Elliott fund has increased its share in Telecom Italia, bringing 9.4%. Meanwhile, in an interview with Corriere della Sera, executive director of a telephone company, Luigi Gubitosi, said he was ready to open negotiations with Open Fiber to assess the possible integration between the two companies' infrastructure.

Banking is falling sharply, after sales hit the main German institutions.

Male Unicredit (-2.97% to 10.196 euros), MF reported on statements by Cariverone's president, Alessandra Mazzucca, who said he was "quite convinced that General Jean Pierre Mustier wants to carry out international operations." However, a number of institutions state that there is no confidential information. However, in the past few days, the director dismissed the merger, "because of unfavorable political conditions."

The worst performance for BancoBPM (-4.05% to EUR 1,706).

Juventus on the toboggan. The share fell by 0.63% to 1.41 euros, Juventus beat Atalanta 3: 0 yesterday and was eliminated from the Italian cup. Juventus will now focus on the league and the Champions League, which will face Atletico Madrid in the second round of matches: the first stage is scheduled for Wednesday, February 20th.

Fiat Chrysler Automobiles grows by 0.38% to 14.746 euros, Chinese giant Zhejiang Geely Holding said there were no projects to study the activities of the group quoted on the Italian Stock Exchange.

Ferrari earns 2.38% to 100.15 eurosafter publishing the results for the financial year 2018. Ferrari has released financial estimates for 2019. The Prancing Horse expects the end of the current year with net revenue of more than 3% to more than 3.5 billion. euros. The gross operating margin should be between EUR 1.2 billion and EUR 1.25 billion, while diluted earnings per share should increase to between EUR 3.5 and EUR 3.7.

Safilo grew by 3.09% to 0.8 euros, The company announced that it had completed the financial year 2018 with net sales of EUR 962.9 million, down 4% at constant rates and 7% at the current exchange rate compared to 1.04 billion in the previous year. Only in the fourth quarter of 2018 net sales amounted to EUR 249.1 million, which is 1.3% more than the constant exchange rate and 1.8% per current exchange rate over the same period last year. Safilo expects the cost savings initiatives implemented in the second half of the year to close the year with a adjusted EBITDA margin of close to 5%, in the upper part of the forecast range for the year between 4% and 5%

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