European stock exchanges moved little but are in close contact with Athens, where the parliamentary debate is underway which should end with the vote on the economic reform package. In Milan, the Ftse Mib index rose by 0,40% to 23.189 points. Madrid +0,21%, Frankfurt is on parity. Slightly down Paris -0,06%. London also stops +0,02%. Markets are also tuned in to Janet Yellen's congressional hearing, which starts at 16pm.
The euro strengthened slightly against the dollar to 1,102 from 1,100 at the close. The 10-year BTP trades below 2%, for the first time since the beginning of June. The spread with the Bund drops to 113 basis points, a level it hasn't seen for two and a half months.
The theme of the risk of the Popolari is back in the limelight. salt Banca Popolare di Milano +1,3% as well as Banco Popolare +0,5% which in these days should choose Mediobanca and Bofa as consultants for any mergers.
Banca Popolare dell'Emilia Romagna +1,5%: the company announced last night that it had chosen Goldman Sachs as financial advisor for potential extraordinary transactions in view of the possible process of consolidation in the sector. Sale Intesa 1%, ahead of Unicredit + 0,2%. For now, the rebound in asset management is failing after the strong sales on the eve. Only Banca Generali reacts +1,5%. Weak Mediolanum -0,1% and Azimut -1%.
The advance of the Californian fund Dodge & Cox continues in Saipem -0,1%: the US company, already strong by 10,423%, has announced the purchase of a further 3,081 million shares. Eni + 0,3%. Fiat-Chrysler +0,9%. Crédit Suisse started covering the stock this morning with the Outperform recommendation, the target price is 18,3 euros.
Finmeccanica +1,5%. Electricity and gas assets: Enel is up by 1%, A2A by 0,9%, Snam by 0,1%.
