BANKS LIKE THE CYPRUS NO TO WITHDRAWAL
LIKE BPM FORMULA SPA. AND FLY MEDIASET
Skip the Cyprus Agreement, le Bags they breathe a sigh of relief: from an economic point of view, Cyprus' woes are a small problem, while the forced withdrawal of funds from current accounts would have been a serious precedent in Europe.
La ECB confirmed that, compatibly with the rules established by the statute, it will continue to provide liquidity to the banking system of Cyprus.
A Milano the FtseMib index rose by 0,53% to 15753.
La London Stock Exchange drops by 0,09%, Paris 0,43% salt, Frankfurt + 0,35%. Madrid + 0,92%.
THEeuro it is up against the dollar to 1,292 from 1,288 at last night's close. The single currency recovered against the franc to 1,2218 after seven consecutive days of decline. The pound reversed its losses against the euro after the release of the minutes of the last Bank of England meeting which showed widespread disagreement among members on the possibility of continuing with the bond buybacks.
The situation on the market is still improving government bonds: the yield of the 10-year BTP falls to 4,63%. The spread narrows to 325, down by 11p.
In Piazza Affari they recover the banks following the agreement which should lead, within a year, to the transfer of supervisory tasks from the national central banks to the ECB: Unicredit +1,07%, Intesa +0,69%, Banco Popolare +1,34%, Monte Paschi +0,31%.
The strongest upside is by Pop.Milan +8,63% after yesterday evening the board of directors approved the process for the transformation from cooperative bank to joint stock company.
Between the insurance, Generali rises by 0,64%, Unipol +1,2%.
He shines among the Milanese blue chips Mediaset, up 4% after Goldman Sachs' promotion to neutral (from sell): the target price rises to 3 euros from 1,70 euros. The broker believes that the price now incorporates poor short-medium term prospects and does not take into consideration even a minimum of physiological rebound in advertising sales in 1,30.
among the industrial titles Fiat Industrial climbs +0,64%, Ansaldo does well +2,1%, Finmeccanica loses 0,25%%. Backtracking by Fiat -2%. Sergio Marchionne said that the trading profit for the first quarter will be lower than it was a year ago.
Prysmian -1,45%. the American broker Berenberg lowered the judgment to hold from buy, while raising the target price to 18,7 euros from 16,3 euros. Enel +0,62% and Eni +0,76% also moved up.
Slight earnings for Telecom Italy + 0,66%.
Strong rise instead for Atlantia + 2,31 %
