AUCTION OK, THE SPREAD DROP TO 247
WEAK BUSINESS PLACE, IMPREGILO HIGHLIGHTS
The Treasury sold all of the 7,5 billion euros Bots at 1 year with slightly declining yields. The average rate fell to 1,053% from 1,078% at the July auction. The demand was equal to 1,49 times the amount offered, slightly down from the 1,56 times of the previous placement.
After the auction the spread between the BTP and the German Bund stabilized at around 247,5 basis points. The BTP is unchanged at a yield of 4,18%. The Bund falls and the yield rises by 3 basis points to 1,71%, the highest in the last five weeks.
On the contrary, the European stock exchanges I'm down.
The index FtseMib of Milan it loses 0,48% to 17103, a decline that interrupts a positive series of three consecutive days of increases. Frankfurt loses 0,8%, Paris 0,42% and London 0,24%.
Fondiaria-Sai -0,86%: the Guardia di Finanza ordered this morning a preventive seizure of assets for over 250 million euros attributable to the Ligresti family. The provision concerns luxury hotels, real estate complexes, current accounts and insurance policies and was issued by the Gip of Turin Silvia Salvatori.
The fall of the. continues in Piazza Affari Milan Insurance savings -4,32% (after -5,1% on Friday). Institutional investors sold 26,5% of the capital on Friday morning. In this way Unipol exceeded the 20% savings quota, necessary to approve the merger with Unipol.
Generali drops by 0,72%.
Contrasted the banking sector: Unicredit -0,04%, Intesa -0,67%, Mediobanca -1,14%, Monte Paschi +0,34%, Banco Popolare +0,85%.
Positive Fiat + 0,24%.
Finmeccanica it slid down 1,48% after jumping 8% last Friday. StM -1,02%.
Eni loses 0,76% and Enel 0,98%.
Telecom Italy is down 0,1%.
The opinion of theXNUMX-XNUMX business days on network rental rates in Italy, recently reduced by Agcom. The EU could ask for an in-depth examination of the proposal to cut last-mile rental rates to 8,68 euros/month in 2013 (from 9,28 euros/month).
Impregile it it rose by 3,5% after obtaining a 963 million order in Libya.
Brunello Cucinelli +0,87% to 22,02 euros: Goldman Sachs confirmed its neutral rating, albeit raising its target from 17,70 to 18,30 euros.
The treatment of unopted rights is starting today Prelios +1% to 0,605 euros. The shareholders Camfin, Generali Mediobanca and Intesa San Paolo have undertaken to subscribe, in cash, a portion of the capital increase under option equal to approximately 25 million euro in total. The capital increase concluded on Thursday with subscriptions equal to 38,68% of the shares offered for a countervalue of 44,90 million.
