BAGS, THE GREECE EFFECT IS OFF
BTP ABOVE 6%, BONOS ABOVE 7%
After starting up, the markets mark time: Business Square, which today discounts the dividend payment of six blue chips with a negative impact on the FtseMib of 1,2% now marks -0,72% at 13.294. The London Stock Exchange is now up 0,47%, Paris +0,44%, Frankfurt is up 0,93%. Madrid is down by 1,1%.
The Athens Stock Exchange jumped off +6,5% driven by credit instruments. But, as had already happened after the agreement with Spain, the relief from the outcome of the Greek vote was short-lived. Not even the time for a ball game: everywhere it weighs the weakness of the banks. Several securities of the sub-fund ended up in a volatility auction.
The improvement of the BTP did not last long: at the opening the yield had dropped slightly to 5,88%, the spread to 430. But during the trading the gap rose to 460 basis points, bringing the yield on the 6-year BTP back above XNUMX%.
Similarly, this morning's positive signals on the shortest part of the curve were quickly cancelled: the spread on the BTP at 2 years it had closed at 360 basis points, but has now widened again to 444.
It stays tighter the situation of the Spanish Bonos whose spread vis-à-vis us jumped over 100 points for the first time. The Spanish 7,05-year yield soars to XNUMX%, a new all-time high.
Bund future (142,4) reacts strongly from important support area between 141/140 points, after a few sessions of realizations. The euro is back below 1,27 dollars at 1,2661 after hitting a one-month high of $1,2747 on the back of the Greek election result.
In Piazza Affari, financial stocks, which started off with strong increases, went negative in the wake of the worsening of the index: Unicredit rises by 0,62%, just before it rose by more than 3%, Banco Popolare + 1,29% Ubi -0,24% and MontePaschi -1,42%. Understanding, which released its dividend today, is now 1,09% higher.
Generali + 0,42% Mediobanca drops by 0,71%.
Among industrialists: Finmeccanica rises by 3,81% (the Warren Buffett effect continues), Pirelli salt by 1,09%. They shine Prysmian +2,21% and StM +2,96%. Fiat -0,16%. In reverse Exor, which today detaches the dividend, rises by 0,37%. Among the titles that detach the coupon A2A falls by 2,36% . Enel -1,03%.
Parmalat + 0,6% Telecom Italy salt of 0,1%.
THEIsvap with a letter dated June 15, he gave 15 days to FonSai to put an end to the serious irregularities highlighted by the board of statutory auditors following the complaint of the Amber Capital fund and to remove its effects, "in particular by identifying and pursuing any liability in carrying out the disputed operations". In the event of non-compliance, the possibility of appointing a commissioner is raised pursuant to article 229 of the Private Insurance Code. Fondiaria-Sai has already called for tomorrow 19 June a board meeting to evaluate the "serious irregularities" found by Isvap on some transactions with related parties, also for compensation to members of the Ligresti family, in the course of past years-
