THE BANKS BEHIND WALL STREET AGAIN
SOVEREIGN DEBT, LISBON BOTS SUFFER
They recover the European stock exchanges towing Wall Street, galvanized by the accounts of Alcoa, which opened the quarterly campaign.
Business Square closes the session with an increase of 0,89% on the Ftse Mib index to 20.885.
Paris is also on positive ground +0,40%, Frankfurt +0,36% and Madrid +0,65%. London retreats –0,30%.
Turbulence on the front of government bonds, under the pressure of the crisis on the Portuguese market, hit by the Banco Espirito Santo landslide. The German 1,22-year yield is trading at 15%, around the historic low. The yield on the Portuguese 3,78-year bond rose by 9 basis points to XNUMX% due to the default risk of a bond issued by the controlling holding company of Banco Espirito Santo, Portugal's leading bank, the stock lost XNUMX%.
Lo Btp Bund spread rises to 166, the ten-year Italian yields 2,87%.
La United States Stock Exchange he gets back on his feet after yesterday's slide and the previous day's drop. The Nasdaq rose by 0,5% in the aftermath of the biggest decline in the last two months. The Dow Jones is up 0,2%, the S&P500 up 0,3%.
The publication of the is expected in the evening Fed minutes. No less important is the speech that Mario Draghi will give in London.
In the business square Unicredit it closed up 1%. Intesa rose by 2,9% preceded by Monte Paschi +3%. The banking group has placed a new covered bond with a 10-year maturity of 1 billion euro.
Banca Popolare dell'Emilia Romagna -1,5%. The bank is close to selling a package of problem loans (residential mortgages) to Blackstone for a gross value of 170 million euros. Mediobanca restarts +2,3%. Banca Popolare di Milano +1,8%.
Boom of Azimuth +4,4%: Deutsche Bank raised its recommendation to Buy. Mediolanum is also up 2,2% in asset management. and FinecoBank + 1,5% again above 4 euros.
Also good Eni +0,8% also thanks to the promotion of Deutsche Bank.
Saipem gains 0,9%, Tenaris -0,7%. Enel is up 1,1%.
Telecom Italy gains 0,7%. Mediaset [MS.MI] +0,3%.
Among industrial stocks, Fiat +1,6%, StM +1,9%, CNH Industrial [CNHI.MI] -0,4%. In the luxury segment, Moncler falls -1,3% (new lows since listing).
They also retreat Ferragamo -1,2%, Tod's -0,2%, Yoox -1,8% (new low in the last 12 months). Atlantia also fell 2,2 -2% and two other motorway concessionaires, Astm -2% and Sias -1%, were also weak.
