ATTACK ON THE EURO, THE SPREAD RISES TO 512
MILAN -0,85%. THE BOT EFFECT HAS ALREADY RETURNED
I Boots they pass the test. Speculation, thanks to thin volumes, changes target. Almost suddenly, the euro ended up in the sights, falling below the level of 1,30 against the dollar to 1,298 (-0.7% compared to the day before): the common currency is now one step away from the level of 100 yen (100,8) at a ten-year low. It is the confirmation that the game being played on the Italian sovereign debt has at stake the very survival of the euro. Also the stock markets they changed direction in the afternoon, as the tension on currencies and on the yields of BTPs grew, today at the center of the last year (8,5 billion). TO Milano the clue FtseMib it loses 0,85% to 14.496. Stay on the rise London (+0,18%), they go down Paris (-0,4%) and above all Frankfurt (-1,6%%), Madrid (-0,3%) ed Amsterdam (-0,15%).
A Wall Street the three main stock indexes show declines of around 0,7-0,8%.TheS&P500 index it increases losses an hour and a half after the start of trading and thus burns all the gains achieved during 2011. The index is in fact down by 0,8% to 1.254 points. (-0,2% compared to 2 January).
It is difficult to pinpoint a specific cause for the abrupt trend reversal. One lead leads to tensions in Iran, but oil is losing about half a percentage point to $100,5 a barrel. Gold continues its fall and slips 1% to $1.576.
Thus the hope of a rally of the Italian government bonds, after the excellent outcome of the auction of Bot at six months, placed at 3,25% (half of the 6,50% paid at the end of November). In the afternoon the spread, which had already dropped to 482 basis points, recovered to 512.
I bank stocks they experienced a day on a roller coaster: first down, then up, only to fall back into negative ground after 16pm. Understanding which rose by 1,7% and closed at -0,45%. Pop. Milan went from +1,9% to -0,8%, MontePaschi -0,99% (from +0,8%). They are negative Ubi -2,69% and Popular Bank -3,42%. Unicredit loses 0,99%.
It sinks again Fondiaria-Sai -5,6%, after an initial recovery attempt. A new board meeting of the company will be held today while Mediobanca -2,78% and Unicredit are orchestrating the safety of the company and the presumable change of the ownership structure with the recapitalization of 750 million euros. In managed savings, the increase of is extinguished Azimuth (+2,9% to -0,5%). The same happened to Fiat Industrial – 0,23% after a bright start on Daimler's truck market forecast. Fiat on the contrary, it loses 2,65%. The rise of Stm +0,45, Since the beginning of the year, has also decreased StMEurope's largest chip maker, fell 41% on the stock market, while US rival Texas Instruments fell just 9% and Germany's Infineon, Europe's second largest chip maker, fell 1%.
The rise in crude oil does not help Eni -0,76%, the effect turns off Edison for A2A -1,25.
