Rises spread up Business Square and the European Stock Exchanges. Milan, accelerating towards the end, gained 1,39% to 18.956 points, one step away from 19.000 with the spread at 226 basis points after the morning auction of six-monthly BOTs for 8 billion. The Tesoro placed the entire offer even if with rising rates. The average yield rose to 0,827% from 0,539% in November and the coverage ratio fell to 1,32 from 1,77 previously. The Ftse Mib is driven upwards by Fondiaria Sai +6,52%, which celebrates the latest go-ahead for the merger with Unipol +4,93% by Consob and Ageas's offer on the assets for sale. Buzzi Unicem +2,94%, Gtech +2,84%, Exor +2,52% - and Luxottica +2,52% also performed well.
At the bottom of the main basket Ps after the postponement of the meeting and the scenario of possible resignation of President Profumo. Bpm -1,47%, Fiat -0,26%, Tod's -0,25% and Wdf -0,16% are also bad.
In Europe Paris closes up 1,40%, Frankfurt by 1,06% on new highs, London +0,85. Athens also jumped by 4,78%. The European Stock Exchanges reacted well to the positive opening of Wall Street, even if subsequently the overseas lists retreated uncertainly around the parity. At the close of Europe, the Dow Jones was traveling around parity after closing its 50th record session of the year yesterday, the Nasdaq slipped to -0,17% and the S&P just below parity. Oil lengthened its pace after the inventories data, which fell by +0,84% to 100,39 dollars an ounce. The euro-dollar exchange rate rose to 1,3768.
In Use Americans waited until the last moment to buy Christmas presents. According to research by MasterCard Advisors SpendingPulse, spending in recent days helped drive sales growth of 3,5% for the period between November 1 and December 24. A shopping spree that surprised. Online shopping is especially good: according to the research firm comScore, spending rose by 10% to 38,91 billion dollars between November and December.
While in Siena for Mount Paschi an intervention of the Cdp, the Cassa today carried out a fixed-rate, unsubordinated and unsecured bond issue with a nominal value of €305 million, maturing on December 27, 2023 and with a coupon of 4,164 per cent, reserved exclusively for institutional investors and listed on the Luxembourg Stock Exchange. It will serve to "finance the uses of the so-called separate management, i.e. all those activities which, pursuant to the applicable legislation, can also be financed through postal savings (such as direct financing for public bodies, support for the economy, public interest infrastructure)" .
