In the afternoon, the Ftse Mib widened the declines, closing the last session of 1,12 in decided red, at -2015%. However, Piazza Affari archives a year of double-digit earnings with an increase of almost 14% since the end of 2014. A performance that makes Milan the best among the main world stock exchanges. Even better, however, was the Star segment which jumped by 39,52%. Another record was achieved on the listing front, with 27 IPOs, the highest number of placements since 2007.
The other main European markets also closed today's session in the red, albeit with less marked declines: Paris -0,32%, London -0,56% and Frankfurt -1,08%. The Btp-Bund spread stands at around under 100 points, improving to 96 basis points and yielding 1,60%.
TEN-YEAR BTP, YIELDS ON THE RISE
Public debt auction day. This morning the Treasury assigned 5 and 10-year BTPs with rising yields and 7-year CcTeu with falling yields. In detail, the 01-year bonds expiring on 12-2025-2,25 were fully allocated for 3 billion euro, against demand for just over 1,59 billion with a gross yield rising to 01%. The five-year bonds maturing on 11-2020-2,25 were fully assigned for 0,57 billion, against a demand of just over three billion with a gross yield rising to 15%. Finally, the CcTeu maturing on 12/2022/1,5 have been fully allocated for 2,3 billion, against a demand of over 0,42 billion with a gross yield down to XNUMX%.
In Italy, Istat then communicated that in November the producer price index of industrial products decreased by 0,5% compared to the previous month and by 3,3% compared to November 2014.
OIL STILL DOWN. FROM APPLE 318 MILLION TO THE ITALIAN TAX
Oil continues to fall. The WTI dropped 3,01% to 36,73 dollars a barrel. Brent dropped 2,91% to 36,69. Sales of crude oil were also affected by the data on US oil inventories which disappointed expectations: in the week ended 25 December last year they increased by 2,629 barrels to 487,409 million units against analysts' expectations for a contraction of 1 million barrels . Compromise agreements for the purchase of a home in the United States also dropped surprisingly, dropping by 0,9% to 106,9 points in November while analysts were expecting a 0,5% rise.
Weighed down by further declines in oil, Wall Street indices are trading lower. The Dow Jones fell 0,24%, the S&P500 0,3% and the Nadaq 0,42%. Eyes on Apple -0,9% which has reached an agreement with the Italian tax authorities to pay 318 million euros. The thesis put forward by the Italian taxman would therefore have been accepted according to which the company would have invoiced in Ireland, where there is a more convenient tax system, also the sales made in Italy, with a total evasion of 880 million between 2008 and 2013.
In Piazza Affari, sales hit oil companies Saipem which lost 2,08%, the worst of the blue chips, and Eni -1,57%. The pressure on Buzzi Unicem eased slightly, however it closed the session in marked negative territory at -1,78% after Sacci preferred Cementir's offer for Sacci's cement and concrete plants. Among the worst stocks of the Ftse Mib also the banking institution Ubi Banca -2,05%. Overall, sales affected the entire sector with Banco Popolare -0,62%, Bpm -0,43%, Bmps -0,96%, Unicredit -0,87%, Intesa -0,77%. Countercurrent and at the top of the Ftse Mib Yoox +0,45%, A2A +0,40%, Italcementi +0,15%, Stm +0,16% and Finmeccanica +0,08%.
