Nervous markets in Europe and the USA. In Milan, the FtseMib index marks -0,32%, at 14.943. The London Stock Exchange is down by 0,47%, Paris -0,78%, Frankfurt -0,09%. The variations of Wall Street are not dissimilar: Dow Jones -0,01%, S&P -0,09 and Nasdaq +0,03%.
There is no positive news that can push the Stock Exchanges, now almost "frozen" in anticipation of Ben Bernanke's speech on Friday in Jackson Hole and the directorate of the ECB. The favorable outcome of the six-month BOT auction did not produce any reactions: the Italian Treasury successfully placed 9 billion six-month BOTs at 1,585%, the lowest since March and almost one point below the 2,454% of the previous end of July.
The same goes for the confirmation of US GDP for the second quarter: +1,7%, as expected by economists. Not even the data on the real estate market shakes the markets too much: houses awaiting sale in July rose by 2,4%, far above expectations (+1%) and recovering from -1,4% of the previous month.
Conversely, in the afternoon there was a marked improvement in government bonds, with the yield on the BTP falling to 5,72% and the spread falling to 436 (-10 basis points). This is probably thanks to Angela Merkel's statements after her meeting with Mario Monti: the Chancellor said she expected the reforms implemented by Italy to help reduce the Btp/Bund spread.
Among the Milanese blue chips, price variations are contained. On the upside, the banks that announced good results yesterday are highlighted. In particular, Banco Popular salt by 3,45%, Banking Pop.Milano salt by 1.54%.
Instead, it deflated after a morning on the rise, Mediobanca which marks a decrease of 2,4%.
MontePaschi it fell by 7,97% after the announcement of a half-year loss of 1,6 billion due to maxi-writedowns. At the start of the session it had marked a decline of 9%.
Among industrial stocks, they are down Finmeccanica (-1%) And Fiat Industrial (-1,2%). Positive Fiat (+ 1,3%) and StM (+ 0,8%).
Between the mid and small caps it shines Iren (+13%) which announced good results. The data on net borrowing was positive, down by 240 million euro from last June 30 to 2,654 billion.
Up too Ivy (+0,3%) following the presentation of the data for the quarter and the confirmation, during the presentation to the analysts, of the interest of Cassa Depositi e Prestiti for entry into the capital of the hub that will unite the Bologna group and Acegas Aps .
The editorials were positive: RCS is on its third day of suspension due to excessive increases. Even today, the rally is supported by exceptional volumes, 4,4 million shares have already changed hands against an average of the last thirty days of 602.000 shares, 5,82 million were traded yesterday.
Seat jumps up 21%. l'Espresso group +3%. Il Sole 24 Ore +5,2%. Strong descent of Prelios (-8%). Down too cucinelli (-5,4%).
