Share

Stock exchanges: pause in New York, Europe slows down

The Wall Street wind cools the atmosphere of the Old Continent's stock markets – After a clear day, Milan closes flat – The positive trend of government bonds continues, however: spreads and yields of BTPs are decreasing – A Piazza Business is going well Intesa and Generali, Telecom Italia loses, Pirelli thuds – US quarterly at the start tonight

Stock exchanges: pause in New York, Europe slows down

PAUSE ON WALL STREET, EUROPE SLOWS DOWN
BRUSH PUNISHMENT FOR PIRELLI. FLY RCS

The wind of Wall Street for once it cools the atmosphere of the price lists of the Old Continent.

On the contrary, the positive trend of government bonds continues: il Btp to 10 years it is trading at a yield of 4,32%, with the spread narrowing to 309, 6 points lower than on Friday. Surprising performance given that, as Economy Minister Vittorio Grilli comments after his conversation with EU Commissioner Olli Rehn, "The unclear future does not help confidence".

In Milan the index FtseMib it lost most of its momentum and closed at -0,05% at 15.243. The London Stock Exchange rises by 0,42% and Paris + 0,11%, Frankfurt +0,03% almost unchanged, Madrid -0,15%.

THEeuro it is indicated at 1,302 against the dollar, from 1,299 at the previous close.

US Stock Exchange down a few hours after the start of the quarterly season. The Dow Jones index falls by 0,25%, S&P -0,10%, Nasdaq -0,07%.

Tonight Alcoa presents its results for the first three months of the year, analysts are expecting earnings per share of 8 cents, down from 6 cents in the first quarter of 2012. Shares of the aluminum producer climbed 0,1%.

On the Milanese price list, the rise of Enel , in parity, while that of Eni +1,2% and Saipem +0,8% continues.

A2A rises by 1.3%.

Between banks only Understanding +1,39% closes significantly higher. Unicredit drops by 0,42%, Banco Popolare -1,8%, Pop.Milano -1,91%. Mediobanca is down by 2,55%, MontePaschi -3,49%.

Stay positive with a decent upside Generali +1,14% supported by expectations of an acceleration in the disposal plan. Unipol gains 0,3%

In heavy decline Pirelli -6,33%, the company postponed the presentation of the industrial plan.

Partially recover in the final Telecom Italy which loses 1,7%. The subsidiary Telecom Italia Media rose by 3.% as a result of the indiscretions on the sale of the stake in Mtv.

In the industrial sector Finmeccanica down 2,16%, StM-0,69% Fiat -0,15%. Buzz decreases by 2,37%, Indesit -2,2%.

ASTM +1,03% will join theTakeover bid promoted by Salini on Impregilo -0,05%, maintaining only a 1,99% stake in the general contractor compared to the 29,9% it now holds through its subsidiary Igli.

This is what the group company communicates gavio, which ended 2012 with a profit of 377,7 million euro.

Astm underlines that the liquidity deriving from acceptance of the offer will be equal to approximately 450 million euros, higher than the total residual debt deriving from the acquisition of the equity investment in Igli/Impregilo, which at 31 December was equal to 328 million.

Among the small caps they run RCS Media Group +2,2% and Maire Tecnimont +7,6%.

Impressive the new low for Moleskine down by 5% to 1,90 euros.

comments