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Fonsai and Unipol on the stock market still have chilling swings today while the Spanish auction revives the lists

Another day on the roller coaster for Fonsai, Unipol and Premafin: maximum volatility for shares and rights in the storm - The successful outcome of the Bonos auction in Spain with declining yields gives oxygen to the stock exchanges which are anxiously awaiting Bernanke's speech of tonight hoping for new expansionary measures – Euro catching up on the dollar

Fonsai and Unipol on the stock market still have chilling swings today while the Spanish auction revives the lists

THE SPANISH AUCTION GIVES BREATH TO THE LISTS. THRILLING JUMPS FOR UNIPOL AND FONSAI

The Milan Stock Exchange accelerates after an uncertain start, the Ftse Mib index rises by 0,28%. London +0,01%, Paris +0,62%, Frankfurt +0,54%.

Good news from Madrid. Yields drop significantly inauction of Spanish bonds at 12 and 18 months. The Iberian Treasury sold 3,56 billion securities, against the 3,5 pre-set, and on the 12-month maturity the average yield fell to 3,918% from the 5,074% of the June auction, while on the 18-month it dropped to 4,242% from 5,107% last month.

Euro recovering against the dollar after the positive outcome of the Spanish auction. The European currency returns above the 1,23 dollar level at 1,2302 and also appreciates against the Japanese currency at 97,26 yen. The Zew economic sentiment index in Germany fell to -19,6 in July. This is the third consecutive drop.

At Piazza Affari he reversed course Unicredit, up 0,3% after a lower start. Understanding, after the resignation of Marco Morelli from the bank of erritori, loses 0,7%. Where's Banca + 0,3%. Generali is up 0,6%.

The roller coaster ride of the non-life insurance hub continues. The ordinary ones Fondiaria are suspended with a theoretical increase of 53,13%, while rights mark a theoretical decrease of 39,98%. The ordinary Unipol they lose 14,80%, while rights are in a volatility auction with a theoretical drop of 40%. The saving Fonsai they rise by 36,69%, while the related rights have not yet opened. The privileged Unipol down by 14,63%, while privilege rights are in a volatility auction and mark a theoretical drop of 31,03%. Through it all, she suddenly woke up Premafin, which yesterday remained out of the speculation on the increase: the stock is in a volatility auction with a theoretical increase of 14,59%. Just stay calm for now Milan Insurance (+ 0,33%).

This morning Premafin communicated the resignation of two members of the board of directors, following the double abandonment, an exit that is part of the January agreement with Unipol, the entire board of directors also resigns. 

Eni ed Enel are up 0,4%. Saipem + 1% Tenaris + 1%. Ansaldo Sts it is up 3,8% following the signing of two important contracts. Finmeccanica earn 1,4%. Fiat rises by 0,68% after the data on registrations in Europe in June. Bounce Luxury: Ferragamo + 2,8% Tod’s + 2%. Buzzi plunges and loses 3%, this morning Ubs downgraded the stock of the cement company to sell.

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