Leap forward of the Milan Stock Exchange, after a weak start. The index Ftse Eb scores an increase of 1,55% at the end of the morning, rising to 18.977 points. In the same minutes, London gained 0,3%, Paris +0,39%, Frankfurt +0,51. Madrid +0,64%.
Il differential with the German Bund still at 237 basis points, the yield on the 10-year BTP fluctuates around 4,08%. Reset the delay against Spain.
Today the Treasury makes a swap: offered BTPs expiring December 2018 in exchange for outstanding BTPs and CCTEUs expiring in 2015 (plus an October 2017 CCTEU). Following the exchange, no 5-year Btp will be issued in the regular auction at the end of November. The choice of bonds to be repurchased, according to the experts, was dictated by the fact that 2015 will be a year of heavy repayments, in which 150 billion Btp, 30 billion Cct and 16 billion Ctz will mature. The swap has no predefined amount, but according to the bank's forecasts, the amount of the transaction could be between one and 3 billion euros.
It's at the top of the list Saipem (+ 4,6%): the Norwegian Seadrill it may be interested in taking over the company's marine drilling business, especially in deep water.
About Norway, Finmeccanica (+2,5%) would have won, according to rumors, a tender in the Scandinavian country for 16 AW101 helicopters worth around one billion euro. For Equita, the order “would be important as it would represent 6% of FY13 order collection and demonstrate the absence of negative effects for the investigation in India”.
They also accelerate Fiat (+ 2,86%), StM (+ 1,17%) and Pirelli (+ 2,31%).
In great evidence the Banco Popolare (+3,79%), which sold 77,55% of the insurance company Eurovita to the Jcf III Europe fund for 47 million euros (1,2 million euros the impact on Banco Popolare's financial statements). Rumors on a possible merger between Banco Popolare and Popolare Milano grow (+1,56%).
Bounce the banking sector: Unicredit +2,83%, Intesa +2,71%, Monte Paschi +0,64%. Mediolanum (+1,78%) issued an interim dividend of 10 cents today. Azimuth +0,55%.
Between the insurance, Generals +1,16%. Cattolica Ass. +1,7%. Fondiaria Sai +1,24% sets a new high for the year at 1,97 euro.
Telecom Italy +0,74%. Intesa does not intend to remain a long-term shareholder of Telco but will exit so as not to jeopardize the balance of the company and its investments. That's what he wanted clarify today Gian Maria Gros-Pietro, chairman of the management board of Cá de Sass .
Indesit it rises by 2,92%, to 9 euros. The rumors of a sale by the Merloni family or a merger with some of the major international groups in the sector are increasingly insistent. Positive judgments from all investment banks with target prices between 8,5 and 10,14.
