The Ftse Mib closes up 0,39% and updates the highs from mid-2011 by scoring 20.838 points. Overall the session also ended in positive territory other European Stock Exchanges: Frankfurt +0,01%, Paris +0,59%, London +0,19%.
The indexes slowed down after that the president of the Fed, Mario Draghi, in the press conference after the decision on rates (which remained unchanged at 0,25%), asked for time to adjust the tools to support the economy. In the afternoon, the performance of the banks also weighed on Piazza Affari.
Mps has deflated -1,7% after yesterday's rally in the wake of rumors of a sale of shares by the Foundation to hedge funds. The Foundation today denied any sale o transaction specifying that the entity's stake in the bank as at 5 March was equal to 31,48%.
Sales with suspensions for excess discount for Bpm –3,6% e Banco Popolare -2,9%, as well as the Bper -2% after the managing director Luigi Odorici opened the possibility of strengthening the assets. Draghi said that in stress-testing European banks, "the worst thing would be to pretend the problems don't exist. THE zombie banks they don't lend money”, explaining why the stress tests that the ECB will carry out before assuming supervision will have to be rigorous.
As for the state of the economy and inflation, the European Central Bank it remains “ready to consider all available tools and to take other actions if necessary” in response to low inflation and subdued credit dynamics. The ECB also revised upwards economic growth forecasts this year in the euro area (+1,2% in 2014, +1,5% in 2015 and for the first time they have elaborated an estimate on 2016: plus 1,8%) and predicted that in 2014 the inflation marks +1%, +2015% on 1,3. In the end, for the first time it elaborated an estimate for 2016: plus 1,5 percent. A gradual recovery which for operators removes the possibility of new monetary stimulus measures. The euro-dollar exchange rate jumped 0,83% to 1,3847.
Lo Btp-bund spread it closed at 180 points after falling to 175 basis points. The Madrid auction did well: the Spanish Treasury placed 5,004 billion euros in 3, 5 and 10-year bonds, at the lowest interest rates since January 2006. In particular, 10-year bonds obtained a rate of 3,80 2,8%, against a XNUMX times higher demand.
A Wall Street the indices continue to rise after the good data on jobs. The claims for unemployment benefits in the United States last week came in better than expected and fell by 26.000 units to 323.000. Slightly lower than expected however factory orders dropped by 0,7% in January to the seasonally adjusted share of $483 billion against forecasts of a reduction of 0,5%. In the intraday, the S&P500 touched a new high at 1.881,87.
The US data is expected tomorrow unemployment. Wti oil drops 0,33% to 101,12 dollars a barrel while gold rises by 0,44% to 1.347,4 dollars an ounce. In Piazza Affari, among the biggest increases in the Ftse Mib Yoox +5,4% after the accounts for 2013 with a profit up by 23,9%. Between banks Ubi +3% moved against the trend. Understanding +1,4%. UniCredit +1,5%. Atlantia +2,5%, Buzzi Unicem +2,12% and Cnh Industrial +1,9% also performed well. Fiat +1,12%, with the news that emerged from the Geneva Motor Show.
At the bottom of the Ftse Mib are cooperative banks but also Telecom Italia -2% on the day of the board of directors called to approve the 2013 financial statements. Sale Moncler +3,6% after the confirmation that the share will enter the FtseMib, the main index of the Milan Stock Exchange, in place of Ansaldo Sts -24% from next March 1th.
Again outside the Ftse Mib, Brembo leaps by more than 10% on the growth of profit and dividend.
