After a start in deep red, the Stock Exchanges recovered positions thanks to the signals sent by Angela Merkel to the German Parliament before the start of the Eurogroup: the agreement, said the Chancellor, is still possible, as long as the Tsipras government undertakes to enforce the commitments made on February 20th.
Frau Merkel's calm tones (not shared, according to the Financial Times website, by Finance Minister Wolfgang Schaeuble) partially curbed the losses: in Milan, the Ftse Mib index reduced the drop to 0,36% at 22.146. Paris- 0,68%, Frankfurt .0,5%, Madrid -0,56%. London is down by 0,26%.
The Athens Stock Exchange is down by 2,5%, in the last five sessions it has lost 17%.
The ten-year BTP strengthens to 2,27% (-3 basis points), the Bund trades at a 0,76% yield, it is at its lowest level in the last 15 days.
Meanwhile, the euro appreciates against the dollar to 1,14.
Saipem -7% is the preferred target of the sales: the rumors about a worsening of the debt and the postponement of entry into the capital of the CDP weigh.
Marks a slight upside Telecom Italy +0,1%. “We welcome all the new shareholders and people who invest in the company,” said the chairman Giuseppe Recchi referring to Vincent Bolloré, the main shareholder of Vivendi.
Enel + 0,1% Eni is down 0,1%.
Among the banks in decline Understanding -0,6% ed Unicredit [CRDI.MI] -0,4%. The Populars also retreat: Bper -0,8% despite Nomura's new Buy recommendation.
Sharp decline of Mount Paschi -2,7%.
In managed savings second day of reduction for Azimuth -1%.
Fiat Chrysler e StM both drop by 2%. Also Finmeccanica -2%,How Autogrill.
