FISCAL CLIFF DARKENS SUCCESS OF BOT AUCTION
GEMINA, PRELIOS, IREN: SMALL CAPS FLY
Final braking for the European stock exchanges, due to tensions on the fiscal cliff. In Piazza Affari, the FtseMib index rose by 0,46% to 16.408 after having touched an increase of one percent. Same script for the other European Stock Exchanges: Paris +0,55%, Frankfurt +0,17%. London -0,02% and Zurich -0,39% closed in negative territory.
On the secondary market, the 10-year BTP it is trading at a yield of 4,50%, up slightly from 4,44% on December 21 last year. The spread is widening to 312 (+5 basis points).
Good market response toBot and Ctz auction. the Treasury placed 3,25 billion Ctz maturing September 30, 2014 (against a request for 5,49 billion) at a yield of 1,88%, down from 1,92% in the previous auction at the end of November .
Previously, the Treasury had placed all the 8,5 billion expected six-month bonds, against a demand of 13,3 billion (1,57 times the supply). The yield rose slightly to 0,949%, from 0,919% in the previous auction at the end of November. Tomorrow we repeat with the Btp.
Air Force One with Obama on board took off from Hawaii at 10 am Italian time for a trip that could last half a day due to bad weather. The US Senate - with a Democratic majority - should meet today but not on issues related to the fiscal cliff.
The US stocks slide lower after the fall of the consumer confidence index, a figure that joins the concern about how the last few hours of negotiations on the "fiscal cliff" will evolve.
The Dow Jones index falls by 0,66%, S&P -0,58%, Nasdaq -0,57%.
The Commerce Department said 377.000 new homes were sold in November, up from 361.000 in November, but economists were expecting 380.000.
Returning in Piazza Affari, it was the day of the small caps.
gemina soared 28%. The subsidiary Aeroporti di Roma has obtained the go-ahead from the government for the Planning Agreement for the development of the Fiumicino and Ciampino airports and for the consequent increase in airport tariffs.
Also Prelios +21% rises after the signing of the agreement with Feidos for the recapitalization.
Also on the rise Iren +5% which concluded the sale of part of the real estate assets. Also in the credit sector the increase is driven by cooperatives: Banco Popolare gains 2,43%, Popolare dell'Emilia +1,84%, Pop.Milano +254%, Ubi +1,73%. However, the big names were also positive: Unicredit +0,75%, Intesa +1,39%, MontePaschi +2.66%, Mediobanca +1,48%.
Note the thud of Bankia -12% in Madrid after the bailout fund of Spanish lenders announced yesterday a negative valuation of the group of 4,2 billion euros, the last step before the injection of 18 billion.
Among industrial stocks, Fiat rose by.68%, Finmeccanica +1,06%, Ansaldo +1,51%. Strong rise by Diasorin which almost recovered the dividend detachment of 0,83 euro. On an adjusted basis, the increase is 2,05%.
Positive oil stocks in the wake of the rise in crude oil. Eni +0,05%, Saipem +0,58%. Positive day for Enel +0,52%, A2A +1,76% and Snam +074%. Finally, Telecom Italia advanced by 0,22%.
