MERKEL AND BERNANKE SUPPORT STOCK EXCHANGES. ON THE SCUDI, ENI, GOOD FOR MEDIASET AND TIMEDIA
Stock exchanges regain tone in the afternoon. The Ftse/Mib index rebounds +0,81%, also supported by the surprise improvement in the index of consumer confidence of the Bel Paese: 96,8, much better than the forecasts of 93,5. The Paris index also rose +0,71% and the London Footsie +0,91%. The Dax of Frankfurt leads the race: +1,31% driven by the improvement of the Ifo, the confidence index, from across the Rhine.
But the real push to Taurus is confirmed by Angela Merkel to the turning point in German politics, which already emerged over the weekend. The German chancellor has given Germany's consent to combine the 200 billion in funds on which the ESF temporary rescue fund has already pledged, with the 500 billion of its permanent successor, the ESM state-saving fund which should become operational this summer.
The novelty has given new life to sovereign debt issues. The improvement of the ten-year BTP strengthens: the yield drops to 5,01% from 5,07% on Friday evening. Spread with the Bund down below 310 basis points.
The yields of the American 1,7-year bond also fell slightly, losing 2,27 basis points and yielding XNUMX%. US government bonds reduced losses after statements by Fed chairman, Ben Bernanke, who spoke of weakness in the labor market and the economy, triggering expectations of further easing of monetary policy.
Wall Street opened higher with the S&P index rising 0,4%, the Dow Jones gaining 0,4%, the Nasdaq gaining 0,7%. In Europe, car stocks are running, with the sector index up by 1,7 followed by chemical stocks (+1,6%) and the oil&gas sector (+1,3%). In the meantime, the banks reduce losses: Intesa -1,9%, Pop. Milan -0,7%, Unicredit and Monte Paschi bucking the trend at +0,1% and +0,3% on the hypothesis, for the second, of the sale of 60% of Biverbanca. Among the insurance companies, Generali gains 0,08%.
Enel Green Power remains positive, up 0,35%. After the new business plan presented on Friday, the French broker Natixis has raised the recommendation to buy. On the other hand, Enel is down -0,1%, A2A is worse -0,86%. Among industrialists, Finmeccanica drops -1,47%; Fiat, on the other hand, did well +1,33%. Impregilo gains 2,9%, after Salini announced that it had increased its stake to 25,3% of the capital. Mediaset also rose, hit today by the sensational oversight of the non-renewal of the .com web domain: +1,03%, Berenberg has raised the judgment to buy from hold.
Eni takes off +1,69%, after the announcement of the new discoveries in Mozambique. Even better Saipem +2,66%: the group announced that it had been awarded new contracts for 300 million dollars in the field of offshore and land drilling.
Fly Telecom Italia Media +3% on the wave of rumors about the possible sale of 25% to Urbano Cairo.
