The Treasury has placed 8,5 billion 12-month BOTs at a rate of 1,34% (against 1,053% in the previous auction), the highest since March. The demand was 1,36 times the amount offered, down from the previous ratio of 1,49. Three billion 101-day flexible bots were also assigned at a rate of 0,509%.
He calms down or, at least, does not shoulder the political framework. Business Square takes note of it: the Ftse Mib index rises by 0,81% to 17.472 points. Italy, according to the Confindustria Study Centre, is on its way out of the recession at the end of 2013 after eight quarters of negative sign of the economy, but the recovery will be slow, and "crucial" to consolidate it is political stability.
The GDP will mark -1,6% at the end of 2013 compared to the forecast of -1,9% at the end of June, and +0,7% in 2014 compared to the previous +0,5%. The third quarter should have a "zero" trend, compared to the -0,1% estimated in June, while the first positive sign will come in the last three months when +0,3% is expected (from +0,2%).
After yesterday's strong rises, they are marking time London e Paris, down 0,1%, Frankfurt salt of 0,36%.
Mediaset is the best stock in the blue-chip basket, up 3,17%. The director general of Rai, Luigi Gubitosi, indicated an improvement in the group's results thanks to cost cutting on the one hand and the improvement of advertising in September on the other, with an increase in market share. Promising forecasts for the media sector: Mediobanca Securities prefers L'Espresso + 0,83%. Rcs Media Group + 1,26%.
In negative ground Telecom Italy, which loses 1,16%. It also drops stm -1,68%, after the disappointing presentation of Apple's new iPhones. It bounces Monte Paschi Bank (+1,70%) after the crash on the eve.
The other banks also rose thanks to the JP Morgan report: Understanding +0,75%, the US bank raised its recommendation to "neutral" from "underweight", the same broker led Unicredit (+2,5%) to "overweight" from "neutral". Banco Popolare +2,17%, Ubi Banca +1,58%, Banca Popolare di Milano +2,68%
Brilliant the trend of managed savings: Azimut +0,67%, Mediolanum +1,2% and Banca Generali +2,05%. In the second quarter of 2013, fundraising amounted to 20,6 billion euro, after the 20,2 billion of the first three months. Funding thus confirms the good performance of the sector which already in the first quarter of the year had returned to levels not seen since the first three months of 2010, when it was 22,9 billion out of assets at 992,7 billion .
Generali rose by 0,4%, Fondiaria Sai by 0,87%. Among industrial Finmeccanica stands out (2,23%), with Fiat up (+0,73%). Conversely, a new decline for Fiat Industrial, -0,22%. Luxury also did well: yet another historic record for Cucinelli (+3,3%), Tod's +0,6%, Yoox +1,6%.
