Brilliant session for Piazza Affari +0,97% which updates the 2013 record to 18.551,57 points. The price list was dragged up by the performance of Telecom Italia, and by the general good trend of the banking sector. Today the Treasury placed the new BTP at 7 years. According to financial sources, an amount of 5 billion euros has been placed against a total demand that has reached 11 billion euros and will offer a yield of 3,761%. The spread stands at 255 points. Madrid +1,29%, Lisbon +1,12% also rose, while Paris -0,16%, Frankfurt -0,46%, London -0,44% fell. Britain's trade deficit in August came in at £9,6 billion, worse than market forecasts, and industrial production, also in August, fell by 1,1% compared to July and by 1,5% compared to the same month of 2012 (worse than market expectations).
From the USA came the news that Janet Yellen will be the new chairman of the Fed, an appointment that endorses expectations of a soft tapering. The news supported the return of investors to peripheral stock exchanges, while it did not particularly shake US stock markets: at the close of Europe, the Dow Jones lost 0,11% and the Nasdaq 0,8%. After Alcoa's quarterly above expectations, we are now looking at the numbers arriving from the other corporates and at the risk of default on October 17th. The Petroleum in November it lost 28 cents, 0,27%, to 103,21 dollars a barrel. Gold in December lost 16,70 dollars, 1,26% to 1.307,90 dollars an ounce.
In August, the OECD super-index started to rise again, an indicator of economic activity, reaching 100,6 from 100,5 in July. But it is not homogeneous among OECD member countries. In this context, the positive momentum continues for Italy with a figure of 100,7 in August from 100,5 in July. The euro area scores 100,6 points, compared to 100,4 in July, Germany does well, rising to 100,4 points compared to 100,3 in July. The data on German industrial production was also released today, rising by 1,4% in August compared to July and by 0,3% on an annual basis, beating market expectations on the monthly figure (0,9 percent). .
Telecom runs to Piazza Affari, restarting after the opening in the red caused by the downgrade of Moody's and closing at +6,24%, after the news of the entry into the capital of Blackrock and in the wake of the new rumors about a possible sale of Tim Brasil. Behind Telecom, Banco Popolare rises +4,59%, A2A +3,32%, Finmeccanica +2,99%, Intesa Sanpaolo +2,41%. Overall the banking sector did well with Unicredit +0,57%, Ubi unchanged, Bpm +2%, Mps +1,45% which confirms the positive intonation after the release of the restructuring plan. For the International Monetary Fund (first chapter Global Financial Stability Report) some banks in the stressed economies of the euro area risk having to deal with potential losses due to their exposure to the corporate sector. For Italy, the bill could amount to 125 billion in gross losses caused by exposure to companies, 53 billion more than the provisions made by banks, more than 104 in Spain, more than 20 in Portugal.
At the bottom of the ESF Mib took a profit on Wdf -2,98%, Stm -1,49%, Saipem -1,21%, Tenaris -0,95%, Pirelli -0,80%.
