Piazza Affari is starting to close the morning in substantial parity, in a volatile and "plastered" context awaiting the ECB meeting and Mario Draghi's press conference, the first after the referendum on Brexit. Around 13 the index Ftse Mib travels on parity, a little better than Paris and Madrid. Frankfurt -0,2%, London -0,4%.
The volumes traded are scarce, just under 700 million euros in turnover. The first half of Piazza Affari was characterized, according to data from Assosim, by the collapse of traded values (-21,43%) and by a sharp increase in volatility on the Ftse Mib (58% in June against 28% a year ago).
All sectors of the index Eurostoxx are in red excluding Raw Materials and Media which recorded an increase of just under half a point. The yield on the 24-year German Bund is back just above "zero", at its highest level since June XNUMXth.
The problems of Italian banks are always highlighted. In the morning, the supervisory board of the Single Mechanism of the ECB, the European banking supervisory body, met in Frankfurt to evaluate the plan proposed by Monte Paschi +1,48% to dispose of non-performing loans and for a possible recapitalisation. The plan includes the securitization of the 10 billion net Npl, with the intervention of the Atlante fund and the government's Gacs guarantee. As for the capital increase, its size will depend on the sale price of the NPLs.
Everlasting today the board of directors of the tuscan bank meets to discuss the plan to strengthen Siena in view of the publication, on 29 July, of the stress test on the soundness of European credit institutions. Weak Bpm -2,82% and Ubi Banca -1,99%. The following recorded slight increases: Intesa +0,1%, Unicredit +1% and Banco Popolare +0,5%.
Eni still down -0,7% to 14,27 euros: thearbitration initiated against Gas Terra, a Dutch gas supplier, for one revision of the supply price in the period 2012-2015 it was rejected. Saipem loses 2,5% after jumping yesterday to the highs of the last six months.
The other blue chips were weak: Enel -0,2%, Telecom Italia -0,7%. Also Fiat Chrysler -0,1%. Yet another twist in the RCS affair: The IMH consortium, defeated by Urbano Cairo, presented yesterday a exhibited in Consob requesting to verify whether there were any irregularities in the execution of the Public Offer by Cairo Communication
