MILAN CLOSE TO THE HIGHEST SINCE 2011
THE BANKS RUN, SPREAD AT 250
Again Business Square leads the march of European lists: the Ftse Mib index rises by 1,32% to 18.256, just a whisker from the highs of the last two years at 18300 points.
- other European markets: Frankfurt +0,14%, London up 0,13%. Paris rises by 0,63% . Madrid +0,49%.
The spread between the BTP and the German Bund slipped briefly below the threshold of 250 basis points (249,2) and then recovered to 250,5 points. The Italian ten-year rate is 4,31%, the German one 1,82% (+3 basis points).
The Spain-Germany differential stands at 240 basis points and the gap between Rome and Madrid is reduced to 10 basis points.
In the wake of the government the banks stand out: Unicredit +2,67%, Banca Monte Paschi +1,58%. Ubi Banca +4,16%. Banca Popolare di Milano rises by 3,51%.
Bper gallops +6,03%, Banco Popolare runs +3,96%.
Great exploit of Fondiaria Sai which lengthens and rises by 2.82%. Generals +1,51%.
wdf +1,81%. Bank of America Merrill Lynch started hedging with a “neutral” rating and a target price of €8,3 (the security traded at €7,78).
In the Benetton team Autogrills +1,37%. Atlantia rises by 1,37%.
Telecom slips -0,39% in the first day after Bernabé.
Pirelli -0,21% after Nokia's profit warning, the Finnish winter tire maker loses 9%.
Sale Fiat +0,42%, which according to Fitch risks a downgrade. Finmeccanica +1,46%.
Mediaset rises by 1,35%.
Banca Ifis drops by 5% after the controlling shareholder, Egon Von Furstenberg, sold around 11% of the capital to widen the free float but is recovering halfway through the session.
Sogefi +5%. The company yesterday inaugurated a new plant in Mexico for the production of components for regulating engine temperatures. Kepler Bank has raised the rating.
