WITH THE IMU PASSED, TODAY'S AUCTION ON BTPS IS LESS SCARY
POSITIVE STOCK MARKS ALSO IN ASIA, DESPITE DAMASCUS
Yesterday afternoon, even before the government agreement on the IMU, the interest differential between Italian and German ten-year bonds narrowed, returning within sight of 250 basis points. At the same time, the yield on Italian 4,40-year bonds once again moved away from that of Spanish bonds: 4,530% in the evening against 2% in Madrid, with a difference of a dozen basis points after the gap had narrowed to 1,904 bps even if m on the two-year maturity Italian yields are still higher (at 1,859%) than the Spanish ones (XNUMX%).
This morning's auction on BTPs at 5 years (2,5-3,5 billion) and at 10 years (1,75-2,5 billion, at this point, however, it is less scary despite the fears for the situation in Syria. On the eve of the new 5-year bond trades at a yield of 3,49%, about 15 basis points the 'old' Btp, maturing June 2018. The ten-year bond trades on the eve of a yield of 4,556% (4,46% at the previous auction ).
OILS SUPPORT WALL STREET. ENI +2,8%
Asian stocks rise on Wall Street's wave. In Tpkyo the Nikkei +0,8%, despite the slowdown in consumption: a new dose of stimulus for the economy is looming. Hong Kong +0,6% and Shanghai +0,3% also rose, while the Korean Kospi +1,2% was even more positive. Jakarta is also up, awaiting a package of measures to stop the exodus of capital from Indonesia.
On Wall Street last night final upside, : Dow Jones +0,27, S&P +0,33% and Nasdaq +0,41%
The effect of the winds The war on Damascus has so far been limited to the increase in the price of crude oil. Brent is traded at 115,5 dollars/barrel, with a 1% increase following yesterday's 3%. Wti at $110,1.
The S&P basket of energy gained 1,95%, with Chevron up 2,6% and Exxon Mobil up about 2%.
Similar reaction in Europe. Total + 2,6%Bp + 1,2% Royal Dutch Shell + 2,1%.
in Milan theEni salt by 2%, Saipem + 2,3 %
On the contrary, in the USA the air transport sector index lost 0,65% after yesterday's -3,9%.
Barrick Gold, the world's largest gold producer, is up 3,4%. The yellow metal rose yesterday by a modest +0,3% to 1.419 dollars an ounce. This morning in Asia traded at an altitude of 1412.
In the meantime, another colossal Stock Exchange is born: with the merger between two alternative platforms, Bats and Direct Edge, an electronic listing will emerge with a turnover higher than the Nasdaq. The new Stock Exchange will soon be listed.
The European Stock Exchanges were negative, with the exception of Piazza Affari: London fell by 0,1%, Paris -0,2%, Frankfurt -1%.
The Milan Stock Exchange, after two days of heavy falls, closed up by 0,98% supported by the recovery of the banks. The agreement on the Imu weighs more than the Damascus syndrome.
IN PIAZZA AFFARI THE REVIVAL OF POPOLARI IS STAGED
Great day for Popular Banks, starting from Banco Popular +6,7% after the results of the quarter closely followed by Ubi +6,3% . Unicredit rose by 1,6%, Understanding + 1%.
In asset management, there was a sharp drop in Azimuth-2,2%.
Among industrial stocks it shone Finmeccanica +2,7% thanks to rumors that Cassa depositi e prestiti, through the Italian Strategic Fund, is negotiating the purchase of Ansaldo Energia and 29% of Ansaldo Sts down 1,9%.
Fiat rose 0,8% while the rest of the auto sector in Europe finished lower: Volkswagen lost 2,3%, Peugeot -3%.
Excellent response from Piazza Affari to the accounts of Iren +5,5% which closed the first half of the year with a net profit of 110,7 million.
Waiting for the reactions to Brunello Cucinelli's positive half-yearly report this morning. The company closed the first half with a net profit growing by 10,6% per annum to 13,3 million.
