It deflates Business Square in the final despite the success of thebot auction today which supported the price in positive territory for a good part of the session. The Ftse Mib closed down by 0,23% at 19.416 points while the Btp bund spread fell to 167 basis points. Today, the auction yield on one-year BOTs reached a new all-time low at 0,279% compared to the previous 0,387% in July.
The Treasury placed all the planned 7 billion with demand up from July and equal to 12,807 billion, 1,83 times the amount offered.
On the front ofinflation Istat confirmed the preliminary estimate of July: the national consumer price index for the whole community (Nic), gross of tobacco, decreased by 0,1% compared to the previous month and increased by 0,1, 2013% compared to July 0,3 (it was +XNUMX% in June).
Instead, it resists in positive territory Madrid (+0,47%) and London closes on parity. In decided red instead Paris (-1,36) and Frankfurt (-1%). In Berlin he disappointed greatly the German Zew index which monitors investor confidence in Germany. The index dropped to 8,6 points in August from 27,1 in July, marking the eighth consecutive month of declines since last December when it hit a 7-year high. Conversely, analysts' expectations were for a decline to 17.
“The decline in economic sentiment is probably linked to the current geopolitical tensions affecting the German economy – explains the Zew institute in the note – Given that the eurozone economy is not yet recovering, the signs are of German growth in 2014 below expectations”. In particular, it is the effect of the crisis in neighboring Ukraine which has cracked trade relations between Germany and Russia.
After the Zew came Moody's. The rating agency confirmed the triple A rating with a stable outlook but also warned that "the decline in the workforce and an increasingly aging population could have negative effects on the country's potential growth rate and on the sustainability of welfare systems".
THEeuro remains weak at 1,3359 (-0,19%), close to the lows of the year. Wall Street it opened down and at the close of Europe the indices kept the negative sign: Dow Jones -0,19%, S&P500 -0,23% and Nasdaq – 0,32%. Geopolitical tensions always weigh. L'gold it was up 0,5% to $1.317,10 an ounce. The Petroleum Wti loses 0,83% to 97,27 dollars a barrel. The IEA said US and European sanctions on Russia are unlikely to have much impact on Russian sector oil production.
In Piazza Affari, increases and decreases are transversal between the various sectors. It drives the declines and weighs down the la index bpm (-2,40%), which retraces after the positive sessions of the last few days in the wake of the possible return to the dividend. Among the worst titles too Intesa Sanpaolo which loses 1,4%. Down too Psymian (-1,49%), Eni (-1,25%) And Snam (-1,23%).
On the other hand, there is one of the best titles in the Ftse mib against the tide Ps, which benefits from the unblocking of the stalemate on the appointment of the president of the Foundation. Yesterday the general deputation after a river meeting nominated Marcello Clarich.
It flies among the smaller banks Popular of Etruria (+8,19%) in the aftermath of the decision to mandate the president Lorenzo Rosi for the transformation of the institute from a cooperative into a joint-stock company. “The goal – explained Rosi – is to open the bank's capital to international investment funds, without limiting itself to looking only at Italian cooperative banks”. The transformation should arrive by mid-October.
Also featured on the Ftse Mib Gtech (+ 3,04%), Ferragamo (+ 1,92%) and Cnh Industrial (+ 1,82%). Fiat salt by 1,65%. In a note today, the company communicated that, in response to some hypotheses in the press, Fiat "has no intention of either giving up the limit of 500 million euros to which the merger is subject or raising it". Fiat intends to complete the merger with Chrysler as approved. If the limit were exceeded and the company decided to convene a new extraordinary shareholders' meeting, explains the automotive group, the shareholders' meeting could simply approve a new merger plan, which would lead to the setting of a new withdrawal price based, according to the applicable, of the most recent share price and would reduce the company's outlays.
Generali -0,39%. The Lion does not benefit from Fitch's positive opinion on the sector. The rating agency improved the prospects of the insurance sector in Italy, taking them from negative to stable following the better-than-expected accounts released by our country's companies for the first half of this year.
Telecom Italy -0,72%. The sale of Telecom Argentina to Fintech has been postponed to September 13, the terms of the contract unchanged. A note from the telephone group reads that Telecom Italia and Fintech agreed, yesterday evening, "to extend to next September 2013st, the terms and conditions remaining unchanged, the validity of the sale contract signed on November XNUMXth, XNUMX, relating to the transfer of the entire controlling stake held, directly and indirectly, by Telecom Italia in Telecom Argentina”.
