Piazza Affari closed the last session of 2013 practically unchanged (+0,06%) at 18.967 points. The list archives a capitalization up on 2012 by around 20% to 438 billion, which corresponds to 28,1% of GDP (22,5% last year). The year saw the biggest debut since 2000 in terms of value, the Moncler stock, to which were added another 17 IPOs (between the main market and AIM). In the morning, the Treasury filled up with BTPs with an auction worth 5,5 billion euros. It placed 2,5 billion euros of 10-year BTPs at a rate of 4,11%, up 0,11% from the previous issue and 0,10% less than Friday's secondary yield. The bond maturing in 2018 was placed at 2,71% from 2,89% at the end-October auction.
The stock market moved little after the auction while the spread fell to 216 basis points, the lowest since July 2011 and a yield of 4,13%. The Mot dedicated to government securities and bonds in 2013 recorded its all-time high (328m 6 billion of exchanged value, +2,2% on 2012) also thanks to the boom of the Btp Italia which in a single session, on 5 November, recorded 16,3 billion traded. In Italy, Istat released the data on the business confidence index in December which rose slightly on November to 83,6 from 83,4, the highest levels of July 2012.
Minus sign for the other European markets which, however, also closed a session with little movement: Paris -0,05%, London -0,29%, Frankfurt -0,39%. Wall Street got off to a mixed start but is still moving towards its best year since 1997. The Eurodollar is up 0,49%. The sale of dollars was triggered by the only relevant data of the day from the macroeconomic front: the index of the National association of realtors which measures the trend of contracts for the sale of homes already signed but not yet concluded, rose again in November of the 0,2% MoM, the first increase in six months, even though expectations were at least +1%. WTI oil fell 0,66% to $99,66 a barrel and gold 0,68% to $1.205,8 an ounce.
Tomorrow the US price lists are open, Piazza Affari remains closed while Paris, Madrid and London will remain open for only half a day. Frankfurt has already closed today at 14 pm. Yoox +2,07%, Fiat +1,89%, Snam +1,55% and Mps +1,39% stand out on the Ftse Mib. The shares of the Sienese bank closed positive after a rollercoaster morning and with 3,1% of the capital changed hands. The market reacted to the outcome of Saturday's shareholders' meeting which, in second call, blocked the increase in January and gave the go-ahead for the recapitalization from May onwards, as the Foundation wanted. At the bottom of the Ftse mib Fonsai -4,24% which will debut as UnipolSai on 6 January, Mediaset -2,77%, Mediolanum -0,79% and Stm -0,52%. Outside the main basket, Premafin leaps by 11,7% after an upward suspension of more than two hours.
