The BTP hooks up the Spanish Bono. Both titles accuse one spread di 490 points against the Bund, which yields 1,84% (-4 basis points). It is the confirmation that the Italian crisis, far from being overcome, is no longer a pathological case, but one of the components of the emergency of the entire Eurozone. The yield on French government bonds with a 10-year maturity falls by 4 basis points to 3,57% and that of the Netherlands, a triple A country affected by the debt crisis in recent weeks, by 5 basis points to 2,42 .
The alarm was raised with energy by Mario Draghi. In his first public speech as governor of the ECB, Draghi underlined that "economic activities will weaken in the most advanced countries" and that a "much more robust governance" is needed starting from the launch of the fund to save states victim of biblical delays.
“We are more than a year and a half away from the summit that launched the efsf – accused the governor – as part of a bailout plan worth 750 billion or one trillion euros; we are four months away from the summit which decided to make the entire volume of guarantees of the efsf available and we are over four weeks away from the summit where it was decided to increase the leverage effect up to 4 or 5 times that amount and that he stated that the ESF would be fully operational and that its instruments would be used effectively to ensure financial stability in the euro area. Where is the implementation of these long-standing decisions? Where is the implementation of these measures? We don't have to wait any longer."
Business Square, awaiting the House vote of confidence in the new government, moves towards a timid increase, conditioned by the maturities of futures on stocks and options: the index Ftse Eb scores +0,2%. Madrid is at parity while the other European stock markets are down slightly: London -0,7% Frankfurt -0,3%.
Il Wti-type oil it trades at 99,2 dollars a barrel, up 0,3% after yesterday's -3,7%. The Brent it is trading at 100,6 dollars a barrel. Gold rebounds to 1727 dollars an ounce (yesterday -2,4%). Copper remains in decline (-2,4%).
The most targeted title continues to be Finmeccanica -3% to the lowest since 1997. In the last four sessions, the stock has lost 24% of its value: the market fears that, after the 753 million devaluation of the aeronautical component, other "cleanups" will arrive with the next quarterly. At Piazza Affari Luxottica loses 1.b%, the stock is penalized by the news that the managing director Andrea Guerra has joined the large group of potential candidates to take the place of Corrado Passera at Intesa Sanpaolo + 1.7%.
sapphire, by contrast, is up 6%. The company has signed an agreement with StyleMark to acquire Polaroid Eyewear for a consideration of $87,5 million. Performance in no particular order for the other banks. Unicredit salt of 1,2%, Where's Banca + 0,4%. Banca Popolare di Milano loses 0,3%: today is the last day of the capital increase. Generali salt by 1% and Fondiaria Sai 0,5%.
Rest is down 2%. Natixis it cut the judgment to neutral from buy with a target price that passes from 8 to 9,5 euros.
Telecom Italy loses 1,9%. Yesterday evening the CEO of Telecom, Marco Patuano, said that he sees the reference domestic market slightly decreasing in 2012, due to the effect on consumption of the austerity measures, which the new government will approve. Campari is up 2,2%: Berenberg raised the recommendation to buy from hold. Fiat it moves downwards, in line with the index of European automotive companies and loses 1,5%. Pirelli drops by 1,7%.
Landi renzo it is the worst stock of Piazza Affari: -7,5% in the ninth consecutive session down after the cut of Merrill Lynch.
