Milan +0,63% at 16225 and Madrid +0,36% are the best price lists in the Old Continent. The improvement of the political framework in Portugal is good for the so-called European periphery.
The President of the Republic Anibal Cavaco Silva, with a Napolitano attitude, said that government activity must go ahead and that early elections must be avoided. The Portuguese differential drops by 38,5 basis points to 471.
The Btp/Bund differential drops by 3 basis points to 285, the yield of the 10-year Btp at 4,36%.
The other European Stock Exchanges are more cautious: Paris gains 0,11%, Frankfurt -0,06% London -0,23%.
On the spread front, however, the Btp/Bund differential is at 289 basis points, with a yield on the Italian ten-year bond at 4,41%. The spread on the Spanish ten-year bond is instead at 318 basis points, with a yield of 4,69%.
According to Eurostat, Italian debt in the first quarter amounted to 2.034.763 billion, equal to 130,3% of GDP (it was 127% in the last quarter of 2012). For the 17 countries of the Eurozone, the ratio between the two indicators rose to 92,2% from the 90,6% reported at the end of 2012. ). Greece leads the unenviable ranking of the highest ratio: 160,5 percent
Corre Saipem +2,84%, thanks to support from Barclays which upgraded the stock to 'overweight' - The company is set to publish the highest loss in oil services companies' history next July 30, but the bad news, according to the analysts of the English bank, they are already incorporated in the prices. Therefore, the stock recommendation was then revised from Equal Weight to Overweight with the target price confirmed at 20 euros.
The parent company Eni increases by 0,62% while Wti quality oil gains 0,3% to 108,23 euros and Brent quality oil rises by 0,2% at the same price as Wti. Positive too Enel +0,59%. It goes limp Telecom Italy -0,33%.
Effervescent too Mediolanum + 2,21%, which receives the rise in the 'target price' by Deutsche Bank (from 6,3 to 6,5 euros, confirming the buy recommendation) and Barclays.
Big banks on the rise:Understanding + 1.78% Unicredit +1,97%. Stationary Ps -0,09% Pop. Milan -0,54%. Among the insurance companies, Generali +0,14%.
Fondiaria up sharply +3,17%. According to the press, the ad acta commissioner, Matteo Caratozzolo, appointed by IVASS (formerly Isvap) to investigate the instability caused by the former owners, would have proposed the seizure of the assets of the Ligresti family for the total financial damages caused, quantifiable at 245 million of Euro. Among industrialists, Fiat +0,08%, StM -0,13% awaiting the second quarter results which will be released this evening.
Rcs + 3,8%.
Cleansing +8% after the rumors about an offer from Qatar and Hines, an alternative to that of Luigi Zunino, on the real estate subsidiary Intesa, Unicredit and other credit institutions. In recent weeks, Zunino himself, who retains an important stake in Risanamento, had proposed to the banks to take back the company.
