BTP 3, RATES DOWN BY HALF A POINT. SPREAD AT 242
FLY AUTOGRILL. BUSINESS PLACE UP 3% FOR THE WEEK
Continue the lucky harvest of the Treasury. Italy has successfully placed the six billion maximum amount of BTPs with three and fifteen years and of the CcTeu at auction today. The three-year rate fell to 2,25% from 2,72% in September, when it had reached its highest level since last October. On the 15-year term, the rate fell to 4,59% from 4,88% a month ago.
Lo spread, after the outcome of the auction, is down by 4 basis points to 242 basis points.
This is the most positive note of the morning, while stock lists are struggling to find a precise direction of travel, waiting for news from the debate underway in Washington on the debt ceiling.
La Milan Stock Exchange, after a long swing, it now marks +0,11% with the FtseMib index at 18.857 points trying to consolidate the robust weekly gains, around 3%.
London + 0,6% Paris + 0,1% Frankfurt +0,4% and Madrid unchanged.
Exchange euro Dollar to 1,357 from 1,352 last night.
Good performance by Mediobanca +0,81%, supported by judgment of Citigroup which raised the target price to 7,2 euros, confirming the "buy".
Other lenders are also conditioned by Citigroup's new targets Unicredit -0,73% (tp raised to 5,8 euros from 4,25 euros.
Ubi +1,14% (from 3,5 euros to 4,7 euros) . Understanding -1,07% (the “sell” confirmed).
MontePaschi -0,04%, Pop. Milan -0,46%.
At the heart of the movements in Piazza Affari are numerous reports by analysts.
Mediobanca Securities lowered its recommendation by Maire Tecnimont -0,3%, to “neutral” from “outperform”. Target raised to 1,76 euros from 1,5 euros.
It's boom for Rest +5,47%. Mediobanca has set a target price of 7,9 euro with an "outperform" recommendation.
Goldman Sachs raised its target price by Prysmian +0,86% to 23,3 euros from 22,6 euros. The “buy” judgment confirmed.
Kepler Chevreux punishes Saipem -2,39% (target price lowered to 15 euros from 17 euros) but it is promoting Mondadori+3,4% to "hold" from "reduce".
Enel rises +1,14% after HSBC raised its target to 3,6 euros from 2,9 euros.
Eni + 0,17%.
Campari -1,54%, Exane cut the recommendation to "underperform" from "neutral" by setting a target price of 5,4 euros.
Restart the march TelecomItalia + 1,93%.
Fiat + 0,23% Finmeccanica + 0,34% StM + 1,11%.
Finally, among the insurance companies Fondiaria-Leaves -0,54% Generali + 0,32%.
