For the second time in three months Mario Draghi takes the field with the rate cut to avoid the spin of the European economic crisis. And the Stock Exchanges are thankful like the government bonds of the European periphery.
Piazza Affari closes the day with a rise of 2,82%, the Ftse Mib index at 21418. The other European Stock Exchanges also rose: Madrid +1,96%, Paris +1,65%, Frankfurt +1,02% leads the race. Does not participate in the euphoria London +0,06%.
The euro fell below 1,30, to its lowest level in 14 months. The spread also fell sharply: the Btp/bund gap fell to 138 basis points. The ten-year yield it settled at 2,35%. Up too Wall Street on the wave of positive macro data: the Dow JJoes rises to a new high at 17.161 points, the S&P 500 at 2010 bp, the Nasdaq earn 0,52%. Frankfurt's decisions favored the bacterium sector, which explains the better performance of Piazza Affari compared to other markets.
Intesa Sanpaolo achieved an increase of 5,58%. The CEO Charles Messina he reiterated that the institute will in any case sell the shares of Telecom Italy even if Vivendi arrives.
Follows closely Unicredit +5,09%. Significant increases also for Bper +4,99%, Ubi Banca +4,71%, Monte Paschi +4,65%, Mediobanca +4,64% and Bpm +4,120%.
Fiat advances among the industrialists, after the official communication to the amount of withdrawals, below the threshold of 500 million. During the day, the group reopened the bond maturing in July 2022 for 500 million.
Utilities are on the rise Enel +2,6%. Competition is growing in Slovakia for the purchase of the subsidiary Slovenske Elektrame.
Good upside for Atlantia +3% after the data on the increase in traffic on the network due to the holiday exodus (+1,6%). In luxury it stands out Moncler +1,08%: HSBC has raised the recommendation from neutral to overwieight (orix target from 14 to 15 euros).
