Share

Bags in the balance, Greece does not excite

Squares awaiting central bank interventions: Draghi and Yellen who will speak in the evening – Qe fever is growing in Europe and the BTP spread takes a new step towards 100 – Finmeccanica takes the downward path after the Ansaldo sale – It also stops the race of Montepaschi and Carige

Bags in the balance, Greece does not excite

Bags in the balance between taking profits and waiting for news from central bank interventions. In the afternoon Mario Draghi will speak, in the evening the first, awaited hearing in the Senate of Janet Yellen. The agreement on Greece, on the other hand, no longer arouses emotions and reactions. The Ftse Mib index +0.04% in Milan travels at 21.973, almost unchanged. Frankfurt is also on par, but at record levels. Paris – 0,05%, Madrid +0,17%. London is up 0,09%.

Instead, the fever rises for the forthcoming launch of Quantitative Easing. The yield of Btp drops to a new low: 1,46%. The spread, which fell to 108, takes another step towards 100, already crossed this morning by the Spanish Bonos. Meanwhile, the Treasury has successfully launched month-end auctions by placing the maximum expected amount (4 billion) of Btpei and Ctz with zero coupon certificates at the minimum since the birth of the euo. Tomorrow it will be the turn of the 6-month BOTs, Thursday of the 5- and 10-year BTPs (between 6,75 and 8,75 billion).

In Business Square the rule of "buy on rumours, sell on news" is confirmed. Finmeccanica, after an initial rise of 3%, takes the downward path after the confirmation of the sale of Ansaldo Sts (+6,4% to 9,40 euros) and Breda to Hitachi. The operation took place at 9,65 euros per share, the same price at which the tender offer will be launched. After yesterday's leap, A2A slips by 0,2%. Enel earns 0,1%.Corrects Fiat Chrysler -1,2%.

On the contrary continue the Wdf enhancement +4,7%. The offer made by the Swiss Dufry for the duty free shops controlled by the Benetton group is contrasted by the proposal of the Korean Lotte.

Si stops the race of Monte Paschi -3,3% (but after touching -6%) and by Carige. Both Intesa -0,5% and Unicredit -0,2% were weak. In Eni is also down -0,6% in line with the drop in crude oil. in the rest of the list Centrale del Latte Turin is still advancing +2%, in contention with Parmalat for the purchase of the Florence power station. Down Sogefi -3,5% after the accounts.

comments