Piazza Affari is down today, repeating the minus sign of the eve. The Ftse Mib closed at 25,741 points (-0.26%). All investors’ expectations are directed towards tomorrow with the data on US inflation and the ECB meeting. In the United States, inflation fears are easing with ten-year US Treasury rates falling below the 1.50% threshold, to 1.495%, the lowest since May 7.
The crash of Ferrari stands out today (-2.65% to 174.8 euros) which announced the appointment of Benedetto Vigna as CEO. It will join the Maranello group on September 1st. Vigna comes from STMicroelectronics where he is currently responsible for the analog, MEMS (Micro-electromechanical Systems) and sensors group, the group’s largest and most profitable operating business in 2020.
The Agneli galaxy is bad with Stellantis down by 1.4% to € 17.23. CNH is also bad with -1.2%.
Subdued day for Generali Assicurazioni (-0.26%). According to reports by Reuters, Il Leone di Triste has withdrawn from the auction process for NN Investment Partners (NN), an Asset Management company of the Dutch insurance group NN Group NV which manages assets for 300 billion euros. According to the analysts of Banca Akros, who have an “Accumulate” recommendation on Generali and a target price of 19.5 euros, NN Investment Partners could be worth around 1.5 billion euros and Generali still has 1.1 billion in cash to allocate to M&A transactions.
Strongly up today, Nexi climbed by almost 3 percent to 17.415 euros in the aftermath of the update on business volumes. The report showed a recovery in transaction volumes from mid-April with the easing of restrictions thanks to the reopening plan and the acceleration of vaccinations. Volumes up 12% compared to the last week of May 2019. Double-digit growth confirmed in the basic consumption category (+ 40% compared to 2019); discretionary consumption still recovering strongly (+ 11%) and tangible signs of recovery in consumption for the catering, hospitality, travel and transport sectors at -19% compared to -60% in the first week of April. The report also highlighted an increase in the use of digital payment tools compared to cash and this, according to Akros, which has a target price of 17.6 Euro and an ‘accumulated’ opinion, confirms Nexi’s forecasts whose goal is a growth in revenues for 2021 around 10%.