Closes the financial week on a high note. In Milan the index FtseMib (+0,83%) advances to 22175. The other price lists are positive: Paris +0,8%, Frankfurt +0,7% as well as Madrid. London advances by 0,6%.
The yield of XNUMX-year BTP Italian falls again and reaches a new historic low on the secondary market, breaching the 3,19% threshold downwards, the level reached in September 2005 which represented the previous historic low. The spread with the same maturity of the Bund stood at 161 basis points, from 166 at yesterday's close, the lowest since June 2011.
According to the German newspaper Frankfurter Allgemeine Zeitung, the ECB would have modeled a bond purchase plan (Quantitative Easing) for 1.000 billion euros over the course of a year. This program would have a positive impact on inflation of +0,2-0,8 percentage points.
Mark the pace Wall Street after employment data: Dow Jones -0,07% and S&P500 -0,13% after hitting a new high of 1.900. Bad Nasdaq, -1,37%. The US economy, excluding agriculture, generated 192.000 new jobs last month, down slightly from 197.000 in February, a figure revised from 175.000 in the first survey
Good news too Emerging. The Bovespa , the main index of the Brazilian Stock Exchange, rallied by 15% in two weeks, a gain which strengthens to +20% when measured in euros. Thanks to the rally, the value of the Brazilian stock exchange eliminated the heavy losses accumulated during the first months of 2014, even achieving a gain of around 4,5%.
M&A fever is also exploding in Europe. The whole cement sector is in turmoil. Italcementi accelerates up 7%. Buzzi also gains 4,39%, on the indiscretion of a merger between the French Lafarge and the Swiss Holcim which would lead to the birth of the world number one cement company. Astaldi +4% and Cementir +3% are also advancing.
Telecom Italy +3.05% From the communication to Consob on the relevant holdings, it emerges that Norges Bank, the Norwegian central bank, has acquired 2,04% of the capital. The operation dates back to April 2.
Understanding gains 1,41% and reaches new highs since April 2010. Mediobanca +1,21%. It puts itself in great light Ubi, + 4.66%.
Mount Paschi -0,39%. The Monte dei Paschi Foundation will nominate the proposed candidate for the office of president of Banca Mps and the two shareholder partners, Fintech and BTG Pactual will nominate the candidate for managing director. This is one of the qualifying points of the shareholders' agreement signed by the Palazzo Sansedoni institution with the two buyers of 6,5% of the capital. The president of the institute Alessandro Profumo praised the recent work of the Foundation. That he has made a choice of stability ”and added regarding the pact with the new South American shareholders, is” a sign of the bank's accompanying will ”.
Unicredit +0,81%. Several non-binding offers arrived yesterday for the majority of the subsidiary UniCredit Credit Management Bank, a leading bank in Italy in the credit management sector. With the transaction, the bank would sell impaired loans for approximately 4,4 billion euro.
Interested parties include the consortiums of Fortress and Prelios, Cerberus and Jupiter and finally the one set up by Goldman Sachs, Deutsche Bank and Tpg. Among those interested there should also be Blackstone, Apollo, Lone Star and York Capital.
Banca Popolare Milano +1,3% despite the exit of the French shareholder. In fact, Credit Mutuel sold its entire shareholding in the institute on the market, a decision that derives "from the revision of the Italian law of 17 December 2012", which prevents the receipt of the dividend for shares exceeding 1%.
Back the Banco Popolare, -2,56%. Asset management companies are up: Mediolanum +2%, Azimut +2,7%. Among the industrialists, the 4,15% jump of Pirelli stands out. Finmeccanica rises by 1,1%, Fiat 1,16%.
