BAGS AND FLAT SPREADS WAITING FOR BERNANKE
ROTELLI DOWN IN RCS: -13%, FLY AZIMUTH
Flat bags in Europe, waiting for the words that Ben Bernanke will pronounce tomorrow evening.
The index Ftse Eb + 0,02% closes in almost perfect balance at 16.197 points.
In the rest of Europe the situation is contrasted: London earning 0,69% e Madrid 0,52%, Paris instead it loses 0,08%, Frankfurt closes at +0,17%.
Lo spread it is unchanged at 272. The yield on the Italian 4,29-year bond stands at 3% (+1,56 basis points) against 5% (+XNUMX basis points) on the German one.
Complicating the situation is the crisis of a Danish bank, the Danske Bank, to which the local Vigilana has imposed more stringent rules on capital to avoid reverses linked to the group's strong exposure to the mortgage sector: Danske Bank has disbursed mortgages twice the Danish GDP.
Wall Street instead, he greeted the start of the Fed's Monetary Committee meeting with hints of an upside.
THES&P index up 0,47% to 1645 points, Dow Jones +0,65%, Nasdaq +0,62%. It is the confirmation that the fear of a rate increase has vanished: most of the economists polled by Reuters (42 out of 48), expect that tomorrow evening Bernanke will confirm the monetary stimulus policy in place.
Meanwhile, good but not sensational data is coming from the economy.
I new construction sites they rose in May by 6,8% less than forecasts (+11,5%). So growth continues, but it is not so vigorous as to jeopardize the continuation of the monetary stimulus policy. And inflation is far from a threat.
To return to Business Square, the price list + still penalized by Eni -1,33%. 43% owned Saipem lost another 2,46% despite the ban on short selling. Unicredit stands out among the banking stocks, which marks an increase of 1,36%. Intesa +0,06%, MontePaschi +0,57%. Popolari are down: Banca Popolare di Milano -2,06% and Banca Popolare dell'Emilia Romagna -1,68%.
Generali earns 0,36%. Cheuvreux resumed hedging on the stock with a "buy" recommendation and a target price of 16 euros. Fondiaria Sai loses 0,76%.
Vola Azimuth + 6,36%.
Luxury stocks on the rise. Ferragamo + 0,85% Luxottica + 0,88% Tod’s + 0,64% Yoox + 1,26% Brunello Cucinelli + 1,4%.
Telecom Italy loses 1,08%.
Closes at a loss Rcs Media -13,65%.
Joseph Rotelli does not participate in the Rcs Mediagroup capital increase. This was confirmed by the editorial group's board of directors who announced that they had received a communication from Pandette srl. Between direct and indirect quotas, the entrepreneur held 16,6%. The post-increase dilution should therefore bring Rotelli to 4,1
