The momentum of the markets in Europe is fading, while in a framework that remains volatile and nervous, the alarmism linked to the crisis on public debts and Greece is making itself felt again. In Milan, with zero gains, in the early afternoon the Ftse-Mib index reversed course and recorded a drop of 0,32%, while the improvements seen in the morning on yields and spreads, which went back to 425, were also cancelled. In the afternoon, Paris stood at -0,12%, Frankfurt at +0,20%, London at -0,24%. The euro recovers slightly, but remains below 1,26 dollars. The Spain-Germany spread rose to 481 basis points.
Jens Weidmann, president of the Bundesbank, quickly responded to Mario Monti's forecast that there could soon be an acceleration in Eurobonds in an interview with Le Monde: “Wanting Eurobonds – he jokes – is like taking sides for the oh and you in me
The news coming from Athens has been set aside for now: the latest polls give Syriza, the far-left anti-euro formation, the lead.
But the news arriving from Madrid looms over the fate of the day. AND' the board of Bankia is underway, convened to examine urgent interventions on the capital: to avoid the crack at least 15-20 billion are needed according to the Spanish press. The government in Madrid can appeal to the ECB already grappling with sending 18 billion to the four main Greek banks, on their knees after the "bank run" of current account holders.
THEeuro it is up against the dollar at 1,259, after falling yesterday to a two-year low of 1,253.
Ill Petroleum : Wti at 91 dollars a barrel (+0,4%) and Brent at 106,9 dollars (+0,3%). Among the titles of the sector Eni -0,13% Tenaris unchanged.
Bright Fiat +0,59%. on the wave of the global axis with Mazda.
The greatest advantages of holding BTPs are for financial securities, banks (European Stoxx +0,8%) and insurance companies (+1,2%). In Milan Generali it climbed 1,98% and rebounded from the low in the last 26 years hit two days ago. Among the banks Unicredit + 1,43% Understanding + 1,46% Ubi + 1,59% Banking Popular of Emilia + 1,23%.
The stocks of the insurance hub are on the rise: Fondiaria-Sai + 2,1% Milano Insurance flies up 11%, Unipol + 1,6%. Premafin finally, it is suspended due to excessive increases with an indicative quotation of 0,259 euros, a thrilling increase, but at +145%).
Good upside for Lottomatica +2,8% after Mediobanca raised the target price to 19,1 euro.
Positive utilities with Enel up 0,76%%, Atlantia + 1,28% A2A + 0,18%. Iren salt by 5%.
In decline l'Espresso -4,9% after being sentenced to pay 225 million euros for old problems with the tax authorities.
From the Uasa comes the news that Morgan Stanley, the main bank that oversaw the placement on the stock exchange of Facebook, During a conference call with brokers held last night, he said he will adjust the prices of trading that took place last Friday, the day of the social network's Nasdaq debut, to make sure that no one pays more than $43 a share.
