Piazza Affari is unable to confirm the rebound and in the end of the session it slips again under par. After moving into positive territory at the end of the morning, the Ftse-Mib closed down by 0,23%, a decline which was however more contained than the other main European stock exchanges: Paris lost 0,86%, London 0,92% and Frankfurt 0,88%.
Germany has registered a surprise jump in industrial production: +3,3% against a forecast of 0,5%. Purchases on German public debt with the yield on the 0,20-year Bund falling below 124%. The Btp-Bund spread closed slightly higher at 1,42 basis points and a yield of 11%. Next 3 March, the Treasury will offer 7, 15 and 6-year BTPs at auction for a total amount between 7,5 and 15 billion. In particular, the ninth tranche of the three-year BTP expiring on 2018 October 1,5 will be offered for an amount between 2 and 15 billion, the first tranche of the seven-year BTP expiring on 2023 March 3,5 for 4-1 billion and the twelfth tranche of the BTP at fifteen years expiring 2032 March 1 for 1,5-XNUMX billion.
Markets eye to Thursday's appointment with Mario Draghi who could announce a strengthening of the securities repurchase plan to boost the economy. The new negative news from the Chinese economy weighed on the stock markets: in February, exports in the second largest economy in the world collapsed to their highest levels in almost six years, disappointing analysts' expectations. As a result, sales on oil and raw materials returned. WTI dropped 2,85% to 36,82 dollars a barrel and Brent 2,42% to 39,85 dollars a barrel. In a Goldman Sachs report, oil is expected to fluctuate between 20 and 40 dollars a barrel.
Gold, which reached a 13-month intraday high, closed slightly down by 0,18% at 1265,11. On Wall Street, the indices are also negative: the Dow Jones loses 0,36% and the S&P500 0,83%. On the foreign exchange market, the euro strengthens to 1,1041 dollars
Saipem collapses in Piazza Affari -14,77% at 0,3629 euros per share, which ended in a volatility auction, after yesterday evening JP Morgan and Goldman Sachs, members of the consortium guaranteeing the capital increase, announced the placement of 700 million shares. The banks in the consortium decided to sell the shares after the share price exceeded 0,362 euro, corresponding to the subscription price of the increase. Intesa is not among the sellers.
Among the worst of the Ftse-Mib also FCA -4,45%, Tenaris -3,64%, Eni -2,5%. Highlights among the blue chips Luxottica +3,17% in the wake of taking advantage of the news that Leonardo Del Vecchio, in recent days, bought company shares for almost 78 million euros Buzzi Unicem +3,14% and Ferrari +3,03 also did well .500% which has the Road Show underway for the presentation of the bond, which should amount to XNUMX million euro. Today the top management is in Paris, yesterday they were in London, tomorrow they will be in Milan.
