In Europe the Draghi effect, in the USA the good data on employment give the lists a new session marked by increases. While Wall Street updates new intraday highs, the European markets close the eighth consecutive week with a plus sign, with the Ftse Mib leading the race and updating the highs of 2014. The Milan index closed with progress by 1,54% to 22.290 points and the spread fell to the lows of April 2011 at 140 with a yield of 2,776% on a day in which the BTPs for all maturities (2 years, 5 years and 10 years) reduced the previous all-time lows.
The debt of France and Spain is also doing well. Paris saw the 1,656-year yield fall to a record low, at 33%, with a spread of just XNUMX basis points on the German bund and the differential of the Spanish bonos is around 129 points, better than the British Gilts (129,9 points), with a ten-year bonos rate of 2,63%. Madrid has announced that it intends to repay 1,3 billion euros in advance, out of a total of over 40 billion received in 2012 in the form of European aid for the banking sector "because it can do it and to strengthen confidence in the economy". The Spanish index reacts with an increase of 1,7%. Paris climbs 0,71% to 4.581 points, setting a new record for 2014 and keeping close to the all-time highs of June 2008. London +0,66%. In the United Kingdom, the trade balance deficit rose in April to 8,92 billion pounds from 8,3 in March, with extra-EU exports slowing -1,5% and imports up 0,8% .
Frankfurt's Dax climbs 0,4% to 9.987,19 points after the Bundesbank raised its growth forecast for Germany to 1,9% in 2014. The previous estimate was for a 1,7% increase in GDP. On the other hand, the estimate for 2 and 2015% for 2016 remained unchanged. The president of the German central bank, hawk of the ECB, Jens Weidmann, commented today on the decision unanimously taken yesterday by the ECB: "If the inflation rate remains too low for too long, there is a risk of development that blocks the economy and penalizes us all. So we took action." "It was certainly not an easy decision." European banks accelerated the repayment of the 1,8 and 2011 Ltros in view of the new measures launched by Frankfurt yesterday. According to data released by the central bank next week (2012 June) 11 billion euros will be repaid by 10,5 banking and financial groups, the highest level seen since March.
Meanwhile, Greece filed a 0,9% drop in GDP, less serious than the preliminary estimate of -1,1%. The positive sentiment was also increased by the US data on employment which boosted Wall Street, in the aftermath of a record session, and encouraged increases on European markets. In May, 217 new jobs were created and the unemployment rate remained stable at 6,3%, confirming its lowest level since September 2008. Estimates were for 210 new jobs and an unemployment rate rising to 6,4. XNUMX%. However, the April figure was slightly revised downwards.
The euro travels at 1,364 dollars and WTI oil at 102,72 dollars per barrel (+0,2%).
In Piazza Affari the banks the increases are led by: Bpm +6,9%, Banco Popolare +5,4% and Bper +5,19%. Mediobanca +4,84%, Intesa Sanpaolo +4%. Sales instead on Banca Mps -1,95% on the eve of the five billion increase that starts on Monday. The stock slipped following the announcement of the price for the capital increase. Consob, which warns of the risk of price anomalies during the offer, announced in a note that it will closely monitor the performance of the shares Mps on the Stock Exchange during the capital increase with particular reference to "compliance with the measures regarding short selling" and "the obligation to deliver the securities during liquidation". Today the bank announced that it has signed the guarantee contract on the 5 billion capital increase. In the meantime, however, the information prospectus frightens the markets: "If - we read - as a result of the comprehensive assessment and, more specifically, as a result of the asset quality review, further adjustments to loans, even significant ones, may become necessary new capitalization interventions of the Issuer”. Telecom rises by 3,9% to 0,98 euros. The company is at a three-year high following the failure of Telefonica's appeal against the Brazilian antitrust which could speed up an offer for Tim Brasil at an attractive price for all shareholders. Atlantia +3,37% in the wake of hypotheses of interest from the Abu Dhabi fund for Adr. Outside the Ftse Mib Italcementi rises by 0,85%. The American fund First Eagle Investment Management has a stake in Italcementi equal to 9,814% in its portfolio compared to the 3,777% it held as of 20 May following the conversion of the shares of savings in Italcementi ordinary shares.
At the bottom of the Ftse Mib even today luxury affected by yesterday's Prada data and the results of the English group Asos: Moncler -2,61%, Tod's -1,22%, Ferragamo -0,74%. Among the worst also A2A-0,83%.
