BTPs AND INDUSTRY SUPPORT PIAZZA AFFARI
THE FINMECCANICA LANDSLIDE CONTINUES -4,1%
Great day for the Tesoro successfully concluding four placements in one sitting. The Btp Bund spread drops to 272 basis points (-15 basis points) with the yield of the Btp at 4,40% (-10) and that of the Bund at 1,58% (+5%).
Meanwhile, three days before the G 20 summit, the march of the euro continues, rising against the dollar to 1,347 from 1,345 at the end. The single European currency also crushes the yen to 126,10.
In this frame, despite the fear of Finmeccanica, the Milan Stock Exchange +0,41% closed in positive territory with the Ftse Mib index at 16.712 points).
Meanwhile a Wall Street the S&P500 index (+0,15%) reaches 1.523 points, the highest since 2007 November 0,45. The Nasdaq rises by XNUMX%.
The decline continued Finmeccanica -4,1% even if short selling is prohibited on the stock. The Indian government has declared that if the allegations of corruption that led to the imprisonment of President Giuseppe Orsi are proven, AgustaWestland will be included in the "black list" and the agreement for the purchase of 12 helicopters will be cancelled. Meanwhile, it has already suspended the payment. Last night Fitch announced that it had put the rating under review in view of a downgrade.
In reverse, oil and industrial stocks they kicked the ball.
Fiat and Fiat Industrial they closed up 1,3% while Exor, which yesterday announced the conversion of its preference shares into ordinary shares, gained 3%.
Buzzi Unicem +3%, the title of the cement company benefited from a promotion by Goldman Sachs, from sell to neutral.
Prysmian +2,1%: Credit Suisse started hedging yesterday with Outperform rating and target at 19 euros. Oil companies are moving in Milan, in particular Eni +1,5%. Saipem +0,6%: this afternoon the company presented the quarterly data. Tenaris +1,5%. WTI crude trades at 97,7 dollars a barrel (+0,2%), on the highs of the last week also following the drop in weekly oil inventories.
Mediaset gained i1 2,5%.
Telecom Italy + 1%.
Enel Green Power +1,2%, little move by Enel.
Fight the banks. Banca Popolare di Milano it reversed course and lost 3,6% from +7% at the start of the session. Yesterday evening the bank communicated that the works for the transformation into a limited company have been started.
Banco Popolare + 0,8% Mediobanca + 1%. Entente and Unicredit -0,3%. Monte Paschi -1,2%.
Strongly up on expectations of an upcoming entry (March) into the blue chip basket, Fondiaria Sai +6%. Unipol +5%.
Lottomatica Sale of 2,7%. The company communicated the preliminary results for 2012: turnover up 3,4% year on year and Ebitda up 6%. Net debt amounted to 2,546 billion eu, down on 2011 and better than analysts' forecasts. Deutsche Bank raised its target to 18,5 euros from 16,6 euros, confirming the Hold opinion.
