Piazza Affari retraces slightly to mid-octave. After yesterday’s strong rises fueled by signs of progress in the talks between Russia and Ukraine, today the Ftse Mib index closed at -0.03% at 25,300 points. Hopes for progress towards peace in the Ukraine-Russia conflict dimmed somewhat today. A spokesman for the Ukrainian government said that Russia has renewed and intensified its attacks in the east of the country, thus not fulfilling the promise of a reduction in the escalation in the region around Kiev. On the energy front, today we have seen the return of bullish pressures on gas and oil prices.
Among the big names in Piazza Affari, Leonardo (+ 2.56%) is waiting for Italy to change the increase in military spending up to 2% of GDP announced by Prime Minister Draghi. Oil shares did well today (+ xxx% ENI and + xxx) Tenaris in the wake of the rise in oil prices.
Among the banks it was a difficult day for Banco BPM, which slipped back by 3.24%. Almost -2% for Bper. A minus sign also for Unicredit (-1.46%) which received the upgrade from Keefe, Bruyette & Woods (KBW) with a recommendation rising to outperform and a target price indicated at € 13.90.
Finally, Tim returns to the spotlight today with a jump of over 6.6%, climbing back to the 0.36 euro area. According to press sources, TIM’s BoD would have asked Kkr to formalize its own binding offer by April 4, so that the BoD can take the appropriate decisions at the meeting scheduled for April 7. Indications that led the market to believe that Kkr’s interest could lead to a formal offer.