THE GHOST OF CYPRUS WALK AROUND THE LISTS
BUT FIAT, UNIPOL AND GENERALI TAKE FLIGHT
It bounces Business Square. The other European markets are improving, in line with new gray data arriving from Germany.
Piazza Affari rises by 0,84% to 16069 other Bags: Paris + 0,08% Frankfurt -0,01% Madrid + 0,22%.
THEIfo index calculated on the basis of entrepreneurs' expectations, it unexpectedly dropped in March to 106,7 from 107,4. Economists had expected an increase to 107,5.
Government bonds and the euro improve: the Btp to 10 years is trading at a yield of 4,57%, the spread drops below 320.
Cross euro dollar trades at 1,292 from 1,289 yesterday evening.
The feeling is spreading that, by the evening, the turning point in the Cyprus case could take place, even if, on the surface, the distances still seem sidereal. Moscow is not interested in Cyprus's proposals: Russian finance minister Siluanov said it when he announced that the negotiations are over. Russian companies, he explained, are not interested in Cypriot investment proposals in the energy and banking sectors. German Finance Minister Schaeuble points out that the issue cannot be resolved by Eurozone taxpayers alone, and the creditors of Cypriot banks must share the burden of the bailout. Negotiation is on the high seas. A Cypriot official confesses to the Financial Times: “We are waiting for a Messiah. But there is no one in sight…”.
In the industrial sector it flies Fiat + 4,19% Fiat Industrial + 2,11% Finmeccanica + 0,15% StM unchanged.
Contrasted the banking sector: Unicredit -0,89% Understanding + 0,82% MontePaschi +1,2%. Back off Ubi -0,89%.
In Milan the insurance companies. Sale Generali +3,23%, negative at the start of the session. Unipol +7% and Fondiaria Sai +5,2% are up after the 2012 results announced yesterday evening.
Good results drive up Ferragamo, up 3,5%.
Lottomatica +0,5%, one step away from hitting new highs since November 2008.
Weak Eni -0,1% ed Enel -0,2%. Telecom Italy + 1,23%.
