Beginning of the interlocutory week for Piazza Affari. After hitting new intraday highs of over a year above 24,400 points, the Ftse Mib index closed at 24,139.45 points, with a fractional + 0.11%. The EU stock exchanges decelerated at the end in the wake of the uncertain trend of Wall Street and the news coming on the vaccine front. Germany and France first, followed by Italy, have decided to stop the administration of the Astrazeneca vaccine as a precaution, pending the pronouncements of the EMA, the ban on the use of the AstraZeneca Covid19 vaccine. In France, the announcement of the stop to the Astrazeneca vaccine was made directly by the President of the Republic, Emmanuel Macron, who indicated how the stop will continue until tomorrow, pending the opinion of the EMA.
Among the best in the Milanese list, Terna stands out, closing up by 4.7%, followed by Leonardo, which rises by about three percentage points. Leonardo (+ 4.2%) is also in the leading positions today, which today launched the IPO of a minority stake in the ordinary shares of the subsidiary DRS on Wall Street. The identified price range is between 20 and 22 dollars per share. Following the completion of the offer, Leonardo US Holding will hold 78% of the issued and outstanding ordinary shares of DRS (approximately 74.7% if the option to purchase additional shares is fully exercised by the subscribers).
Stellantis also did well (+ 2.1%). The group born from the merger between FCA and PSA today released an extraordinary dividend of 0.096677 euros linked to the sale of Faurecia. Meanwhile, the auto sector looked to the first Power Day of the Volkswagen group which presented its technology roadmap for batteries and charging until 2030. The German automotive giant will build 6 Gigafactories in Europe to power electric vehicles with the addition of investments global in charging stations. Each gigafactory will have 40 GWh for a total of 240 Gigawatts. The goal is to significantly reduce the complexity and cost of the battery in order to make the electric car attractive to as many people as possible. Volkswagen is also vigorously pursuing the expansion of the public fast-charging network globally. With this in mind collaborations have been agreed in Europe with the energy companies BP, Iberdrola and Enel.
On the other hand, a difficult day for the testimonials of the oil sector (-2.5% Tenaris, -0.8% Eni and -0.5% Saipem) in conjunction with the retracement of oil prices.