Will it be true glory? Only in September will we understand the solidity of the recovery of the peripheral lists of Europe.
For now, though, The Magic Moment of financial made in Italy keep on: Business Square +0,44% ended the day as the best stock exchange in Europe.
Even more positive the performance of BTPs: the yield on 10-year government bonds fell to 4,15% and the spread with the Bund slipped to 244 (-5 basis points), the lowest level in the last two years.
Yields down, finally, to thebot auction, the Treasury's only mid-August appointment.
Le London and Paris Stock Exchanges fell by 0,1%, Frankfurt gained 0,2%.
THEeuro, which had weakened against the dollar during the day, falling to 1,329, recovered in the evening and is trading at 1,330, from 1,334 at Friday evening's close.
A Wall Streetmeanwhile, Taurus marks time.
In five of the last six sessions theS&P it was negative, down from its all-time highs, due to the uncertainty about the timing with which the Fed will proceed to reduce the measures to support the economy.
The index Dow Jones 0,08%, the Standard & Poor's 500 0,14%. The Nasdaq is in positive territory +0,17%. Driving the rebound Blackberry contributed 5,6% after the company announced it had created a committee to explore strategic alternatives, including joint ventures, partnerships or a sale of the company.
Even more remarkable is the flicker of Apple Lossless Audio CODEC (ALAC), +2,5%. The AllThingsD blog wrote that September 10 will kick off the X hour, or rather the presentation of a new version, redesigned from the root, of the iPhone.
INSIDE BUSINESS PLACE
The best blue chip was Fiat +3%. Following Lingotto, Exor rose by 2,5%, marking a new all-time high at the end. Opposite the path of Fiat Industrial -1,6%, bringing up the rear of the main basket. Luxury was also in evidence: Tod's +2,4% and Brunello Cucinelli +1,4%.
The decline in the spread is good for the banks. Unicredit closed up 1,7%, Banco Popolare +1,9%, Banca Popolare dell'Emilia +2,9%, Ubi +2,5%. MontePaschi gained 1,4%. Down Under -0,3%.
Among the insurance Generali lost 0,2%, Fondiaria-Sai -0,6%.
GTech gained 2,7%. The rumors about a possible interim dividend give gas to A2A which rose by 1,8%.
Out of the main list, Impregile it +2,5% leap thanks to the new order in Libya worth 963 million. Finmeccanica, on the other hand, was weak – 0,7% after the 8% jump achieved last Friday.
The shower of news continues Telecom Italy.
The rating agency Standard & Poor's, as already done by Moody's, confirmed the long-term rating 'BBB-' on Telecom Italy. On the other hand, the outlook has been revised downwards, passing from 'stable' to 'negative'. The decision, explains a note, reflects the cut in profitability estimates for 2013. The negative outlook, the press release recalls, "reflects the possibility of a rating downgrading by one notch over the next 12 months".
Meanwhile, however, the European Commission questions the recent decisions of theAGCOM on the prices of access to broadband services. In fact, the Commission invoked recourse to the European review mechanism, deeming that the changes announced by Agcom "would negatively impact the ability of operators to plan and decide their own prices in Italy". In detail, Brussels fears that Agcom's decision on 2013 prices, based on pre-existing market analyses, is in contrast with the line announced by the Commission itself last October, according to which the new prices will have to derive from new market analyses.
