The words of ECB president Mario Draghi, who confirms interest rates at an all-time low of 0,25%, cuts inflation for 2014 and revises the Eurozone's GDP upwards, recording "a moderate recovery", as often happens do not upset the bags. Indeed, if possible, on an already positive day, he reassures them further.
In fact, Piazza Affari is still in positive territory around 15 pm (+0,7%), in the wake of the excellent data on German industrial orders and US unemployment (which drops even more than expected, even if the productivity data disappoints), and despite the vagaries of the Mps stock, which is also moving large volumes today: first by continuing the rally that began yesterday and gaining another 10% in the morning, then suddenly collapsing after the note from the Foundation which declared itself extraneous to the matter. Now the share of Rocca Salimbeni travels around parity: just below, at -0,45% a 0,219 €around 15,10pm.
On the other hand, Yoox makes the big voice on the Milanese price list, earning almost 6% a 32,34 euros, after the record accounts published last night and the renunciation of distributing the dividend to consolidate the structure and reinvest the profits. Investors also like the move by Ubi Banca (+4%), which extinguishes in advance three bonds guaranteed by the State, issued to be brought to the ECB as collateral if necessary but never actually placed on the market, maturing in 2015 and two in 2017.
The banking sector generally did well, with the exception of Bper (-2,34% y 8,555 euros), while the Btp-Bund spread falls further, touching the threshold of 174 basis points several times during the day, a record since January 2011, after having dropped for a moment to 171 immediately after the decision of the ECB to don't change the rates.
Telecom Italia suffers (-1,1% y 0,8455 euros) pending the board of directors who will have to decide on the dividend.
