BTPs BEAT ALL RECORDS, STOCK MARKETS RISE
ATLANTIA AND TELECOM IN HIGHLIGHT TOGETHER WITH BANKS
Purses forward with caution, the day after the decisions of the ECB.
In the meantime, however, all BTPs are breaking down previous all-time lows : the yield on the 2-year BTP is below 0,5% for the first time in history; the 5-year period marks a record at 1,39%, the 2,81-year period (another historic record) yields XNUMX%.
Lo XNUMX-year Btp/Bund spread (today 143 basis points) falls to the lowest level since May 2011.
La Spain today it is at 132.
Equity markets climb as we wait for US employment data which will be announced this afternoon: expectations are for an increase in employment in May of 218.000 units, from 288.000 in April.
Le European stock exchanges are starting to close the rise for the eighth consecutive week.
The exception is Deutsche Bank -3,6% after the rights to the capital increase were placed on the market.
In Milan, the FtseMib index rose by 0,71% to 22.106. The indices of Paris +0,35% and Frankfurt +0,28% also gained share. London advances by 0,31%. The best price list is Madrid +0,87%.
The strong demand for investments in euros arriving from all over the world prevents the drop in the single currency hoped for by Mario Draghi: the euro trades at around 1,360, slightly up on the previous day.
In great evidence Telecom Italia +3,32% at the highest level since June 2011. The CEO of Intesa Carlo Messina reiterated this morning that the exit from Ti is envisaged in the industrial plan: speculative expectations are growing in view of probable changes in the shareholding structure.
Atlantia is doing even better +4,06%: the time for the agreement on Alitalia is approaching with repercussions on Adr..
Meanwhile, with the exception of Monte Paschi -2,39%, the Italian banks are celebratingThe sales before the capital increase starting on Monday weigh on the Siena institute: shareholders will be offered an option of 5214 new shares for every 5 held at the price of 1 euro. Unicredit rises by 1,2%, Intesa +1,75%, Mediobanca +1,96%.
Pop.Milano +3,68%, at its highest level since 2011. The other Popolari also did well: Banco Popolare +3,06%. Ubi rises by 2,31%.
Insurance companies show slight decreases: UnipolSai -0,08%, Generali -0,3%. Industrial stocks show limited changes: Fiat -0,3%, Finmeccanica +0,7%, StM +0,4%. Prysmian shines with an increase of 1,6%.
After that, the luxury stocks are down the Prada disappointment (-5,9% in Hong Kong): Moncler loses 1,7%, Ferragamo -0,6%, Tod's -1%.
Slight recovery of Yoox +0,6% after yesterday's collapse (-6%).
