After various oscillations, Piazza Affari has taken the road of the ascent. The Ftse Mib index rose by 0,95% to 14.951. The other Stock Exchanges are also recovering, starting with the Parisian CAC +082%, thanks to the rebound of the big banks. After the euphoria of recent days, investors are waiting to understand in detail the measures announced in recent days. Meanwhile, words of encouragement from the president of the EU Commission, José Manuel Barroso: in his speech on the State of the Union to the European Parliament he underlined the urgency of launching the permanent stability mechanism.
"Once the July 21 agreement is ratified - said Barroso - the EFSF fund will be able to support the recapitalization of banks". This statement reversed the nervousness that had prevailed mid-morning. Also today, the European Commission will open the debate on the possibility of applying a tax on financial transactions, the so-called Tobin Tax. A proposal that promises to rise in the face of the no of the United States, the United Kingdom and the Netherlands.
The euro is stable against the dollar at 1,3611. The bond market was little moved. The yield of the Italian BTP rises by 2 basis points to 5,5%, while the German one falls by 4 basis points to 1,9%. The spread widens to 368 basis points from 363 yesterday. Second day of recovery for gold after the recent declines: the bullion rises by 0,3% to 1655 dollars an ounce. Oil is down after yesterday's leap: -1% to 83,6 dollars for Wti, -0,6% to 106,5 dollars for Brent.
In Piazza Affari the banks turn upwards. Intesa rises by 0,95% (it was down by 2%). Unicredit earns 1,42%%, Ubi 2,53%. After a positive start and a drop of 2%, Banca Popolare di Milano scores -0,25%, after the marathon of the board of directors who fired the new draft of dual governance. Among the insurance companies: Generali +0,25%, Fondiaria Sai +4,3%. Swinging among industrialists was Fiat, from +1,1% to -0,8%, then up again by 1,3% and Pirelli from -0,9% to 2,39%. In great dust Lottomatica +3,05% and Buzzi +3,52%. .
