Good demand and slightly rising rates for i Semi-annual BoTs awarded today by the Treasury. In detail, compared to the 7,5 billion euros offered and assigned, the requests came close to 12,5 billion. As expected, the yield rose slightly, standing at 0,504%, up from 0,455% at the auction last February.
This morning the yield on ten-year BTP reaches new lows since September 2005. The ten-year rate went to 3,31%, from 3,34% at the last closing, the spread narrowed to 175 basis points from 177 at yesterday's closing despite the positive performance also of the Bunds.
Around 12 in Milan the index FTSE Mib it is almost unchanged: -0,09%, at 21.090. The other European Stock Exchanges also reflect the weakness felt by Wall Street yesterday evening: Paris -0,21%, Frankfurt -0,24%, Madrid +0,16%. London -0,49%
In the early afternoon he is expected in Use the data defined on GDP for the fourth quarter of 2013, for which economists forecast an average growth of 2,7%.
The profit warning launched by the fashion brand weighs heavily in Europe Hennes & Mauritz (H&M) whose title loses more than 4%. Alcatel-Lucent climbs 5% after announcing an agreement with China Mobile. Meanwhile, Chinese investors make their official entry into corporate Italy. The People Bank of China announced the ownership of a share of the 2,071% of Enel -0,3% and 2,102% of Eni +0,3%.
Sale Mount Paschi (+0,9%). The Foundation announced that it had sold another 19% stake in its possession between 24 and 3 March. Here is Equita sim's comment: "While the sales on the market, on the one hand, have eliminated the hypothesis of the sale of part of the share in the Foundation to a strategic partner, on the other, they increase the speculative appeal of the stock given that post - capital increase the shareholding structure is decidedly more fragmented”.
Unicredit marks a decline of 1%. Understanding +0,3%. Council meetings on 2013 results and the business plan are meeting today, which will be presented tomorrow. Banco Popolare reverses course and rises by 1%, the bank will announce today the price of the 1,5 billion euro capital increase which will start on 31 March next. Pop Emilia, on the other hand, was weak (approximately -1%). The European sector loses 0,1% while the Italian sector index advances by 0,2%.
At Piazza Affari he accelerates Mediolanum, up 3,8%. Equita reiterated the buy, raising the target price to 7,7 from 7,5 euros. Azimuth rises by 0,8%. Mediaset also earns + 0,5%. After yesterday's promotion of Kepler Cheuvreux, Nomura's analysts also raised the target price on the stock to 4 euros from 3,5 euros, while maintaining a Neutral rating.
Sales are back on luxury: Yoox -1,7%%, Tod's -1,6%, Moncler -0,4%. In contrast, Ferragamo +0,9%. Among industrial, StM-0,1%, Fiat +0,3%. Cnh Industrial +0,1%, truck sales recover in February in Europe. Telecom Italia +0,4%. Among the mid caps, Diasorin stands out with an increase of 2,9%. Equita stresses that a proposal was presented to the House yesterday in the US to postpone any cuts in the reimbursement prices for laboratories.
The company that generates 24% of turnover in the US "is less exposed than other diagnostic operators to any cuts in reimbursement prices given the high percentage of specialty tests in its menu (less subject to price pressure)" .
Molmed + 3,4%. In an interview with Reuters, the CEO and founder, Claudio Bordignon, announces that the results of the Phase 3 development of a drug for the treatment of cancer are about to be presented. Kinexia leaps by more than 10% after the announcement of a 2013% increase in 200 group net profit.
