Interlocutory session for Piazza Affari. The Ftse Mib closed + 0.20% at 26,233.38 points. Overseas new all-time highs for Wall Street awaiting payrolls due out tomorrow. Meanwhile, initial jobless claims have dropped to a new post-pandemic low of 340,000,000, suggesting that the latest wave of Covid-19 in the US is not yet triggering layoffs.
In Europe, focus on the possible moves of the ECB with the emergence of the concrete possibility of tapering the PEPP by the end of 2021. Jens Weidmann, president of the Bundesbank, yesterday spoke of reducing this stimulus. “We have to keep an eye on the risks to the price outlook. In my view, upside risks predominate, “Weidmann said yesterday. In the background, the wait for US labor market data arriving tomorrow.
On the parterre of Piazza Affari Leonardo retraces (-0.4%) after the jump of the eve. Positive Stellantis (+ 1.7% to 17.12 euros) which announced the definitive agreement for the acquisition of FIFS Holdings Corp., parent company of First Investors Financial Services Group, an auto financing company. The new sprint by Diasorin (+ 1.3%) is also noted, which for the first time since November 2020 returns above the psychological threshold of 200 euros.
ENI was also in good shape (+ 1.3%) following the announcement of an important oil discovery in the CI-101 block in the offshore of the Ivory Coast. The block is operated by a consortium made up in the exploration phase of Eni (operator), 90% and Petroci Holding, 10%. According to Equita analysts, the news has significant implications for the stock as ENI could divest a share of the field (dual exploration model), monetizing the value of the discovery in advance as already done in Egypt and Mozambique and holding a majority stake. The analysts of the Milanese SIM in particular estimate that the discovery could be worth between 1 and 1.5 billion euros for Eni, including in the hypothesis that the shareholding could drop to 80% in the development phase for the possible exercise of the pre -emption right of the government.