Historical record for the three-year BTP, which today achieved a gross rate of 1,51% in the auction, down on the auction last November (1,79%) and on the previous all-time low in March 2010 (1,70%). Declining yield also for the Btp to 15 years, which stands at 4,26% (-33 bps), with an amount allocated of €1,69 billion (a little less than the maximum offer of €1,75 billion) with good demand (€2,19 billion). For the BTP at 7 years, offered in the second tranche and for the first time at auction, the gross rate stood at 3,17%, with an amount issued equal to 2,5 billion, against a demand that reached 3,45 billion.
Before the auction, the BTPs were traded at 3,89% (-2 basis points), with a spread of 205. The Milan Stock Exchange also accelerated due to the publication of some indications on theperformance of Italian industry: Istat communicated that in November industrial production rose by 0,3% month on month and by 1,4% year on year.
The index FtseMib it rises by 0,65% to 19.695 points, on levels not seen since July 2011. The rise of Madrid is similar +0,63%. More modest growth in Paris +0,18%, Frankfurt +0,19%, London +0,1%
Asset management takes off in Piazza Affari. Azimuth +4,28% thanks to the rumors about a possible acquisition of Gestielle and to Goldman Sachs which has included the stock in its Conviction Buy List. Banca Generali +3,2%, Mediolanum +1,88%.
Among the banks, Banco Popolare advances 3,72%, Unicredit + 2,12% Understanding + 1,52% Where's Banca +1,86%. Bank stocks rise in Europe after the Basel Committee met strong pressure from the big banks, making the new rules for calculating debt leverage less burdensome. The bank that should benefit most from these changes is Unicredit and, to a lesser extent, Intesa Sanpaolo
Back off MontePaschi, -0,33%. Tomorrow the board of directors, in addition to shedding light on the decisions of the top management regarding possible divestitures, will have to answer to Consob, which asked the board how it intends to proceed after the opinion drawn up by the jurist Piergaetano Marchetti on a possible challenge to the shareholders' resolution, which on 28 December rejected the increase from 3 billion euros in January.
UnipolSai earns 2,22%, Generali -0,98%. Take off Saipem (+4,1%), following the news of the 3,2 billion dollar takeover bid by the English company Amec on the US Foster Wheeler.
Also good Mediaset (+2,13%), which continues the rally (+31,5% since the close of 18 December). Enel up 0,55% driven by Exane which raised its recommendation to Outperform. Atlantia gains 1,25%: JP Morgan raised its target price.
