Borsa: the banks are resurrected but it's always dark for Mps and Carige

The move by the Bank of Japan has galvanized European stock markets, including Piazza Affari which gains almost 2% in the middle of the day – The spread is down and the banks are recovering, with the exception of Mps and Carige, still overwhelmed by the stress tests and probable cuts in the rating – Autogrill and Stmicroelectronics shine.

TOKYO'S MOVE GIVES WINGS TO THE BAGS. BANKS IN RECOVERY, MPS DOWN. AND CARIGE GOES KO

The new surprise move by the Bank of Japan which has raised the amount allocated to purchases on the market to 80 trillion yen (about 830 billion) has also electrified European lists, including Milan. In Piazza Affari, the Ftse Mib index rose by 1,84% to 19.548. The new increase in unemployment equal to 12,6%, slightly above the 12,5% in August, does not affect. Paris +1,97%, Madrid +1,79%, Frankfurt +1.73% is even better. London +1,11%. The BTP strengthens and the spread with the Bund drops to 154 (-6 basis points). The yield on the Italian 2,39-year bond is XNUMX%.

The euro devalues against the dollar to 1,255 from 1,261 at the close, the third day of decline for the single currency. In Piazza Affari the banks are highlighted. UniCredit +2%. Yesterday evening the managing director Federico Ghizzoni confirmed the achievement of the 2014 targets and also spoke of the possibility of introducing a new regulation which grants more weight in the meeting to shareholders who hold the shares for a long period. Banca Popolare di Milano +2,7% after Standard & Poor's confirmed its rating and outlook. Banca Popolare dell'Emilia Romagna +2%, Ubi Banca +1,7%, Banca Ifis +2% was also brilliant. Opposite trend for the securities of the banks that will have to present a capital increase plan to the ECB. The descent of Monte Paschi does not stop -3%. Carlo Messina, CEO of Intesa, "categorically" excluded an interest in the bank. Even the chief financial officer of Bnp Paribas branded the rumors of his interest in Siena as "speculation". Overwhelmed Banca Carige -8%. S&P has announced that it may cut the institution's long-term rating (B-).

Among utilities Snam Rete Gas advances +1%. The company released the data for the first nine months this morning. Net income was up 28% year over year. The meeting for the purchase of the Tag from CDP will be held on 10 December. Enel +1,8%, Enel Green Power +1,9%. Balza Terni Energia +2,2% after confirmation of the dividend policy and the projection of a net profit in the millions. Both Eni +1,3% and Saipem +1,5% were positive. Some of the stocks under pressure in recent months are in evidence: World Duty Free +3,5%, Autogrill +3.7%.Stm also recovers +3%.