BOOM FOR GREEK STOCKS, NEW RECORD FOR BOTS
BANKS UNDER FIRE, TELECOM FEVER RISES
The Treasury has achieved, albeit only slightly, a new historical record: the yields of the annual BoTs stopped at 0,589% (against 0,592%) in today's auction in which the Tesoro placed securities worth 7,5 billion. Requests totaled over 10,2 billion, with a coverage ratio of 1,36.
Great success for the Greek Treasury. This morning Athens launched the awaited new 5-year government bond – for an amount of 3 billion euros – which marks the return to the capital market after four years of exclusion following the country's financial crisis. The bond's final yield was set at 4,95%, under the official guidance in the 5% area, against offers for 20 billion euro.
After starting up, Business Square triggered the reverse. The Ftse Mib index loses 0,68% to 21568.
Less heavy losses in the rest of Europe: London – 0,16%, Paris -0,41%, Frankfurt -0,38%. Madrid falls back by 1,2%
Cold shower from industrial production in Italy, which rose only 0,4% yoy in February from +1,2% in January, economists were expecting a 1,1% increase.
The trend in industrial production was also less brilliant than expected France.
All the banks are down. Monte dei Paschi loses 2,57%, Banca Popolare di Milano 1,24%, Banco Popolare 1,61%, Unicredit 0,86% Mediolanum 0,08%, Azimut loses 1,96% .
The modalities of the Anima Holding IPO are changing: the asset management company has changed the price range of the IPO to 4-4,25 euros from 3,5-4,5 euros.
Examination day for the Big State, on the eve of the indications on the appointments. Enel loses 2,22%: Goldman Sachs confirmed the Sell recommendation. Salt instead Eni +0,27%: Exane raised its rating to Outperform from Neutral. Saipem is up 0,74%. Kepler Cheuvreux raised the judgment to Hold as a veteran.
Telecom Italy is up 1,32%: The Wall Street Journal writes this morning that the Brazilian Oi could submit an offer for 50% of Tim Brasil after completing a capital increase that seems destined, given its size, also to finance acquisitions.
At the start strategic partnership between Sky and the TLC company which will allow subscribers to watch 180 channels on the web as an alternative to satellite-TV services. Sky will supply a set-top-box for the new service which will launch later this year.
Run the luxury, driven by better-than-expected results of Lvmh +2% in Paris.
Sale Ferragamo +1,56%. Also on the rise Yoox + 0,4% Tod’s -0,82%.
StM is down 0,7%.
Fiat loses 0,17%.
Pirelli +0,51% the day after the news which brought Prelios to 29%, down 5% after the 2013 figures.
L'Espresso unchanged, and Telecom Italia Media, up 4% after the agreement to integrate some television activities into digital terrestrial. Indesit +1% According to rumors reported by Merger Market, China's Sichuan Changhong Electronics Group, a state-controlled appliance maker is considering submitting a bid.
