THE BTP DOWN TO 4,11% BUT SPAIN IS LEAVING
RECORD ACCOUNTS AND BUY BACK MAKE ENI FLY
Il Italian treasure fill up. A total of 6 billion securities were placed this morning, the maximum amount foreseen. The 4,50-year yield fell from 4,11% to 1,38% while the coverage ratio rose from 1,53 to 2,89. The five-year bond also did well, issued at a rate of 3,38% from the previous 1,43% with a bid-to-cover that went from 1,65 to XNUMX.
Lo spread it's flat at 243 basis points. Under the pressure of political fibrillation, the gap with Spain is increasing: the differential between Spanish and German ten-year bonds is 232 basis points with the Bonos rate at 4,04%.
Il Petroleum +0,91% is good for Piazza Affari. The better-than-expected accounts and the announcement of the buyback by Eni +3,31% drive the Ftse Mib index upwards to 19431.
London gains 0,48%, Paris 0,54%, Frankfurt 0,36% and pushes to new records, Madrid +0,78%.
There is optimism on the markets in view of tonight's press conference by Ben Bernanke (19 pm Italian time), at the end of the meeting of the monetary policy committee.
Positive ones banks. Unicredit +2,29% after HSBC's decision to raise the rating to overweight, target €6,52. The other banks also rose: MontePaschi +0,5%, Intesa +1,7%, B. Popolare +0,97%.
Positive ones insurance: Generals +0,18%, Fondiaria-Sai +1,67%.
Fiat +1,03%, while in Frankfurt Volkswagen leaps forward by 4,5% after the quarterly above expectations. While awaiting the Lingotto board of directors, Chrysler's results are awaited.
Meanwhile, Brazil is stingy, for Telecom Italia -0,35% after the results of Tim Participacoes which closed the third quarter with a drop in net profit of 15,6% to 315 million reais due to the worsening of financial results. Gross debt rose by 36,8% to 4,781 billion.
Luxottica +.238%, favored by the good quarterly.
In the field luxury the leap of Yoox stands out +4,3%, Citigroup has raised its judgment to buy from neutral, the target price is set at 30 euros.
Numerous reports were released in the morning. Autogrill +1%, Citigroup raised the target price to 7,9 euros from 6,25 euros, confirming the buy opinion.
World Duty Free +1,2%, Citigroup has started hedging with a buy opinion and a target price of 9,30 euro.
Contrasting opinions on managed savings Deutsche Bank cuts Azimut -0,37%, to hold from buy and promotes Mediolanum +0,31%.
Grades improve Saipem +0,18%, Deutsche Bank raised the target price to 20 euros from 19 euros, confirming the neutral opinion.
