Milan slows down, in line with the other European lists, but remains the only Stock Exchange on positive ground. Merit of the bankers and the fireworks around the operation between the coop company and Fonsai. Unipol, two days before the BoD, is suspended due to excessive increases, with a theoretical price of 0,372 euro and a variation of +17%. Also suspended Premafin +12% and Fondiaria-Leaves + 18%.
The Ftse Mib index marks +0,16%, at 16416, Paris loses 0,27%, also below Frankfurt (-0,44%) and London (-0,19%).
The ten-year BTP held up well, with a yield of 5,57%, slightly down on yesterday. The spread with the Bund is 370 points. The Athens Stock Exchange (+0,71%) is an exception, confirming that investors, despite the general strike, take for granted the success of the negotiations with the troika and for the sovereign debt haircut. Is provided today an auction of 625 million Greek six-month bonds.
Promotion by Morgan Stanley pushes stocks higher Intesa Sanpaolo (+ 1,44%). Unicredit rises by 2,31%. Up too Pop Milan (+1,14%), while all the other banks report contained declines in the wake of the market disappointment for the accounts of ubs (-1,4%), which closed the fourth quarter of 2011 with profits falling by 76% mainly due to trading losses.
In Europe, the sectors with the greatest decline are the automotive (Stoxx -1,1%) and tech (-0,6%). Fiat (-0,6%) limits damage, worse Fiat Industrial (-0,9%) And Pirelli (-0,93%). Finmeccanica down 1,55%, Prysmian by 1,42%. It also moves in growth telecom italy, with a gain of 1,52%.
