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Stock exchanges: Milan negative, waiting for the auctions of Bots, Ctzs and Btps. But Edison and Impregilo shine

Piazza Affari is Europe's black sheep – Tensions over the government bond auctions expected in the next few days – Heavy losses for FonSai after the announcement of the recapitalization – The decision by the Impregilo board of directors to sell the stake to the Gavio group has rekindled the interest of the market: the action flies – Edison profits after the agreement with the French

Stock exchanges: Milan negative, waiting for the auctions of Bots, Ctzs and Btps. But Edison and Impregilo shine

Under the sword of Damocles of sovereign debt, the Milan Stock Exchange she is the only one in red in the first post-Christmas session. The index Ftse Eb it slipped below the 15 mark to 14.983 with a drop of 0,60%. Paris marks an increase of 0,62%, preceded by Dax of Frankfurt +0,78% and from London Ftse + 1,02%.

But the spotlight is all on the Bots. The BTP-Bund spread it opened again above the 500 threshold. Before the close of the markets, on Friday the 23rd, the differential had closed at 502 points with a yield of 6,98%. Starting today, the Italian ten-year bond immediately shot up to 514 points, with a rate of 7,07%, and rose to over 518 points before retracing to 513 points. This week Italy has plans auctions for 20 billion government bonds: tomorrow Boots for 9 billion e ctz for 1,5-2,5 billion, Thursday BTP for 9 billion. In this climate of constant uncertainty, overnight deposits at the ECB they rose to an all-time high of 411,8 billion.

Immediate impact on credit securities: Understanding loses 2,14%, UniCredit (on the day of grouping into new securities) 3,4%. Ubi is down by 1,71%, Bper by 2,38%. It's an exception Mps Bank +1,16. Up too Generali to +0,52%.

Heavy drop for Fondiaria Sai -6,09% after the announcement of the forthcoming recapitalization up to 750 million decided by the board of directors on 23 December. On the contrary, the board's decision to sell the share in Impregile it (+4,11%) to the group gavio has sparked the attention of the market that smells of battle around the construction company.

The great peace Edison -1,68% is good for A2A +1,29% ed Iren +1,08%. But thanks to the agreement, Edison's debt will drop by 1,1 billion, followed by EdiPower. Tb Group +11,64% celebrates in Piazza Affari and marks the best performance of the price list after the announcement of the entry of Italian Investment Fund sgr in the capital. The investment agreement provides for the Fund to enter the capital of the company (active in clinical engineering services) with a 13,17% stake and an investment of around 20 million, through a reserved capital increase of 10 million (new shares subscribed at 1,8 euro per share, of which 1,7 euro as share premium) and reserved convertible bond loan for a total amount of around 10 million euro

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