Vladimir Putin's speech in the Duma, in which the Russian president denied having hostile intentions towards Ukraine, favored a bullish afternoon in Western stock exchanges. Paris leads the race +1,06% ahead of London +0,87% and Frankfurt +0,7%%. Madrid +0,8%.
Piazza Affari closes another session with a positive sign thanks to the banks driven by the Fitch report which writes that the clean-up of the financial statements carried out by the Italian banks in view of the Asset quality review has improved the overall state of health of the sector. The 3-year Btp/Bund spread fell by 178 basis points to 3,35 basis points for a yield of 172%. However, Spain did better with a spread of 3,30 basis points and a yield of XNUMX%.
Wall Street is up: the Dow Jones rises by 0,6%, to 16.28401 points, the Nasdaq increases by 0,92%, to 4.286,51, while the S&P 500 grows by 0,17%, to 1.862,17, XNUMX.
Investors are eyeing the good macroeconomic data that has arrived in the United States: consumer prices have grown in line with expectations while building permits, an index of the future trend of real estate activity, have grown to their highest level since October. Great expectations for the forward guidance that will emerge from the Federal Reserve meeting, the first chaired by Janet Yellen, which begins today and ends tomorrow.
At a gallop Microsoft Approximately +4%: according to a source close to the organization of the event, CEO Satya Nadella should present an iPad version of the Office software on March 27th. The Dow Jones rose by 0,23%, to 16.28401 points, the Nasdaq advanced by 0,16%, to 4.286,51, while the S&P 500 grew by 0,17%, to 1.862,17.
At Piazza Affari the spotlights are all for Intesa Sanpaolo +4%. Fitch believes that the 2013 results will confirm its capital strength and ability to generate income greater than that of its Italian competitors. Unicredit up 0,8%, according to Fitch the group will be able to significantly reduce loan provisions. Well too MontePaschi +2,2%, promoted by Citigroup to Neutral from Sell.
In decline Ubi -0,9%: Kepler Cheuvreux lowered the recommendation to Reduce da Hold, while raising the target price to 5,5 euros from 4,6 euros. Azimuth runs up 2,7%: Goldman Sachs raised the target price to 30,7 euros from 28 euros, confirmed the Conviction Buy opinion. Enel +0%. Weak other utilities: A2A retreats 1,3%, That lose 1%. positive Eni + 1%.
Fiat –0,87% placed 7-year bonds on the debt market for 1 billion euro against total demand that exceeded 4,5 billion at a yield of 4,75% against initial guidance in the area by 5%.
Telecom Italy it recorded an increase of 0,8% while awaiting the list of names that will be proposed for the next board of directors. Meanwhile Blackrock has reduced its share below 5% of the capital. Tomorrow the board of directors of Telco, the holding that holds 22,4% of Telecom Italia, will meet to draw up the list of names to be proposed for the board of the tlc company: in pole position as president the name of Giuseppe Recchi, now president of Eni , and confirmation from the current CEO.
