LAUNCH START FOR THE BAGS. FLY RCS
RAIN OF SALES ON PIRELLI AND TELECOM
The push coming from Tokyo. Or, even more, the good indications from Germany where industrial production rose by 0,5% in February from -0,6% the previous month, favored an upward start to the stock market week. There Milan Stock Exchange the FtseMib index is up, rising by 0,49% to 15324. Madrid +0,27% and Frankfurt +0,28% are also doing well, London gains 0,22% and Paris 0,64%.
Il Btp to 10 years returns 4,28%, drops by eight basis points and returns to the levels prior to the February elections. The spread with the Bund is at 306, down by 9 basis points. The Bund future was down slightly to 146,21 from 146,34 on Friday night, the yield down one basis point to 1,22%.
The spread widens Btp-Bono it widens to 40 basis points and reaches exactly the levels of 27 February, the day of the outcome of the political elections.
THEeuro it rose to a three-year high against the yen at 128,69 and a three-week high against the dollar at 1,301. The European currency also appreciated slightly against the Swiss franc at 1,2158.
Gold down to 1577 dollars an ounce.
On the Milanese price list, the increases are widespread in all sectors, but the greatest push comes from energy and utility sector. Enel gains 0,7%, Eni +1,03%, Saipem +1%. A2A rises by 1,54%: 2013 got off to a good start thanks to the good contribution of the hydroelectric plants, which in turn benefit from the heavy rains of recent months.
Despite Berenberg's downgrade which lowered the rating to sell on both stocks, both are up Unicredit +0,18% that Understanding +1,83%. Banco Popolare gains 0,21%, Pop.Milano -0,83%. Mediobanca -2,25%.
Insurance companies are up, Generali rises by 1,39% and Unipol by 0,6%.
Goes down Telecom Italy, down 2,31%. It's rallying Telecom Italy Media +5% due to the rumors about the sale of the stake in MTV. Mediaset salt of 0,2%.
In the industrial sector Finmeccanica increases by 1,08%, StM +0,78%, Fiat -0,15%.
In heavy decline Pirelli -5,11%, the company postponed the presentation of the industrial plan.
Among the small caps they fly Rcs Media Group and Maire Tecnimont, both up 8%. Moleskine continues its negative streak, down 4,4%.
