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Auction Bot: declining yields, abundant demand. Stock Exchange: Enel goes up, Eni goes down

Supply of 6 billion covered, demand over 10 – The upward thrust on Piazza Affari and on the other European stock exchanges weakens – Maximum attention on the leaders of the producing countries while crude oil drops again. Enel and the utilities benefit, down Eni – Exploit of Mondadori and Ansaldo

Auction Bot: declining yields, abundant demand. Stock Exchange: Enel goes up, Eni goes down

They drop at auction the yields of 6-month bots: 0,272% down from 0,379 at the end of October. The request was equal to 1,7 times the offer of 6 billion. The 2,13-year yield, on the eve of tomorrow's medium-term offers, is at 140%. The spread remains below XNUMX basis points.

After the auction however also fades in Business Squarei the upward push, in line with the other markets of the Old Continent. The Ftse Mib index rose by 0,09%, remaining above 20 thousand (20.028 points). Meanwhile, the confidence index calculated by Istat fell to 100,2 from 101,3.

Stable too Paris + 0,09% London + 0,28%. Madrid falls by 0,14%. Best of all Frankfurt +0,65%. Even in Milan, the attention for the OPEC summit of tomorrow.

The quotations of the crude remain weak: Brent at $78,1 per barrel, Wti at $73,8. The drop in oil translates into a robust boost to oil prices utilities: Enel earn 1,6% in tune with He +3,2% and e.on +1,2%, great protagonists in Frankfurt. 

On the contrary, it misses out Eni -1,3%. Saipem +1,9%. Rebounds, after the sharp declines and the coupon detachment, Tenaris + 0,7%.

The banks are positive: Unicredit e Understanding + 0,4%. Banco Popolare + 1%. bpm +1%: CEO Giuseppe Castagna has denied the interest in Mpps' stake in Anima -0,1%. In managed they go up Anima +1% and Mediolanum + 1,1%.

The industrialists are positive: fca + 0,1% Finmeccanica +0,8% driven by Ansaldo Sts, +4,6% on the wave of rumors of a backfire from possible Chinese buyers. Stm +0,5%. 

In the spotlight Mondadori (+11%) after the decision to proceed with the establishment of Mondadori Libri, a wholly-owned subsidiary of the Segrate publishing house to which the publishing and distribution activities exercised in the Books area will be conferred, with the related assets, liabilities and respective contractual relationships. It is an ideal vehicle for targeted M&A operations: rumors indicate RCS books or Feltrinelli as targets. 

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