The GDP of the Eurozone improves and the stock market advances. On an annual basis, growth was revised upwards from +2,5% to +2,6%. TO Milano the Ftse Mib index rose by 0,2%, around 22.300 points, in a semi-deserted Piazza Affari for Sant'Ambrogio. Similar boosters for Paris, Frankfurt, Madrid e London.
Lo spread Btp/Bund is stable at 141 basis points after the Spanish Treasury placed new government bonds for a total of 4,15 billion euros between indexed and nominal, just under the maximum of 4,75 billion made available to investors overall. France is also active this morning, placing 3,997 billion euros of Oat.
Oils thwarted after the declines in the US: Tenaris + 1% Saipem -1,4%. Brent oil rebounds: +0,6%, to 61,6 dollars a barrel, after yesterday closing its worst session since August.
On the Italian Stock Exchange, the banking sector breathes a sigh of relief: it went through, with a modest unopted, the capital increase of Carige Bank (+7%), closed with subscriptions equal to 66% of the shares offered for a value of approximately 331 million euro. The tranche reserved for subordinated bondholders received subscriptions equal to 77% for a value of approximately 46 million.
It falls though Valtellinese credit (-11,7%), which is preparing for a heavy recapitalization. Rating agency Fitch cut the long-term rating (IDR) of the ex-popular institution to B- from the previous BB-. For the viability rating, the reduction was the same: from bb- to b-. The judgments were also placed under observation "for evolution".
Unicredit rises on the Stock Exchange by 0,9%, Understanding by 0,7%. It also advances Bper Banking (+ 1,9%).
Still in progress Telecom Italy (+1,3%). This morning Mediobanca adjusted the target price to 1,34 euro from 1,30 euro. Outperform rating confirmed.
Today down, after a 2017 of strong growth on the Stock Exchange, the Agnelli galaxy: Industrial Driver's License -1,6% Exor -0,6% Ferrari -0,7% fca-0,6%.
in luxury, Luxottica + 1,4% Moncler +0,7%. Back off Yoox Net to Porter (-1,2%).
Among the Mid/small Caps:
- Also good De Longhi (+ 0,6%) and Catholic (+ 1,5%).
Male Astaldi -2,4%. It falls Valtellinese credit (-11,7%), which is preparing for a heavy recapitalization. Iren -1,9 - The landslide continues As Roma (-6,7%).
