In Piazza Affari, the Ftse Mib index reached 24 thousand at 10 to then drop to 23994 after midday, variation +0,49%. The list is supported by the industrial production data for February, which rose by 0,6%, beyond forecasts. The gains of Frankfurt +0,02% and Paris +0,18% were more modest. Madrid +0,47%, London -0,36%.
At the end of the morning the orders of retail investors for the new BTP Italy, expiring on 20 April 2023, subscriptions exceeded 1,6 billion. The security is available to retail customers from this morning to Wednesday but the offer could be closed early as early as tomorrow. The Treasury has placed all 7,5 billion BTPs 3, 7 and 15 year olds offered at auction this morning. The BTP 3 was allotted at 0,23%, up from a record low of 0,15% in March. The 7-year BTP also rose to 0,89% (against 0,71%). The 15-year BTPs instead fell to 1,64% compared to 2,10% in March.
The spread is stopped at 107, with a 1,23-year yield at XNUMX%.
In Piazza Affari the best blue chip is Saipem +4,3. The parent company Eni increases by 1%, Tenaris -0,1%. The Popolari sector is in great turmoil, after Saturday's shareholders' meetings in which the confirmation of the forthcoming negotiations emerged in view of the sector's mergers. Banco Popolare rises by 0,5%: the president Carlo Fratta Pasini said in the meeting that the bank is in dialogue with the other popular banks with the aim of creating a bank of adequate size. Does better B. Pop. Milan +1,4%: the objective, said the managing director Giuseppe Castagna, is the creation of a strong banking pole with the center in Milan. Ubi Banca and Bper are also on the rise, both at +0,25%. Intesa Sanpaolo is also up +0,4%. Unicredit flat. Monte Paschi is also on positive ground, announcing on Friday that it has an exposure to Nomura of more than a third of its capital.
Asset management still stands out: Soul rises 3,7%. Total assets under management at the end of March reached 62,3 billion (+25% compared to a year ago), Azimut +1,6%, FinecoBank +1,4% and Banca Generali +1,2% also advanced. Great attention for A2A +2,4% after the presentation of the new business plan; the objective is to aggregate other utilities by 2015. Mediobanca has raised the recommendation to Outperform from Neutral.
Among other utilities, Enel rose by 0,6%.
Ei Towers -2,4%, RaiWay +2,4% after the subsidiary Mediaset announced that it had lowered to 40% the minimum threshold reached which it deems valid the takeover bid launched on the subsidiary Rai. Telecom Italia gains 1,9%. Industrialists did well: Fiat Chrysler +0,6%, Finmeccanica +0,5%, StM +0,5%.
In the luxury/consumer: Yoox +2,4%, Ferragamo +0,8%, Luxottica +0,3%.
Amplifon stands out among the mid caps +5%: the American broker Jefferies raises the recommendation to Buy from Hold with a target price of 7,35 euros.
