BTP ITALIA TOWARDS 16 BILLION, SPANISH AUCTION OK
MPS SENSES THE PARMALAT EFFECT, PIRELLI FLIES
The money keeps flowing to the government bonds of the peripheral countries of Europe. Requests for the BTP Italy exceeded 10 billion this morning (the issue will close early this evening). The forecast is for total funding of 16 billion.
Meanwhile a Madrid the Treasury placed 5 billion in 6 and 12-month Bonos with decidedly lower rates: the yield on the six-monthly bonds fell to 0,53% from 0,79% in the previous auction. The 12-month yield fell to 1,23% from 1,36%.
On the secondary market the Btp to 10 years it is stable with a yield of 4,31% and an unchanged spread at 306.
On the contrary, on Bags negative news rains. After yesterday's slowdown in Chinese GDP, today comes the negative data of the Zew index, which measures the expectations of economic operators in Germany: the index dropped to 9,2 from 13,6 in the previous month, expectations were for 14.
La Milan Stock Exchange it lost 0,22% to 15594, London -0,55%, Paris -0,62%, Frankfurt -0,52%. Madrid -0,36%.
THEChina effect today it hits luxury stocks. In Milan, Tod's -1,39%, Ferragamo -2,31% and Luxottica -1,5%. The drop in Lvmh - 3% after announcing disappointing quarterly revenues contributed to the slowdown.
StM falls by 1,5% after UBS has included the stock in its "least preferred list", the list of worst stocks.
among the industrial titles, comes out Pirelli +2,81% thanks to the Russian agreement. Fiat salt of 1.09%, Finmeccanica + 0,16%%.
Between the banks, Unicredit -0,06%, Intesa -0,24%.
MontePaschi rises by 3,3% on the news that the Prosecutor of Siena has seized 1,8 billion euros from Nomura. The seizures are related to the Alexandria operation. The hypothesized crimes are aggravated fraud and aggravated usury against the Sienese bank. The market is betting that in the event of ascertainment of fraud against MPS, the bank could receive substantial compensation from Nomura and the other parties. A sort of replica of Enrico Bondi's strategist at Parmalat…
Generali loses 1,39%%.
Eni loses 0,23%. The Brent price it fell below the psychological threshold of 100 dollars a barrel (-1,2% to 99,40 dollars). Saipem loses 1,57%.
Positive Enel which advances by 0,23%, Enel Green Power +0,32%.Today presentation of the new 2013-17 plan.
Big leap of Atlantia +2,19% while the presentation of the guidelines and objectives of the merger project with Gemina is underway in London.
A2A retreats by 1,91%. That it rises by 4,1% in the aftermath of the meeting which confirmed Giancarlo Cremonesi as president. Equita has raised the rating to “buy” from “hold”. The target price was set at 6 euros.
Saras rises again by 0,6% in the aftermath of the news of the arrival in the capital of Rosneft, this morning the broker Société Générale raised the judgement.
