Milan, like Madrid, moved into positive territory after the opening of Wall Street. Piazza Affari closes at +0,43%, at 13.594 points, together with Madrid, +0,46%. London +1,01%, Paris +1,84%, Frankfurt +1,62%. Since the opening, US stocks have taken the upward path, the S&P500 gains 0,54%, the Dow Jones 0,61%, the Nasdaq 1,15%.
The markets are betting on the USA. This afternoon the hearing in front of Ben Bernanke's chambers resumes. Even more important, at 20 pm (Italian time) the Beige Book will be released, ie the most complete report on the 12 districts into which the US economy is divided. New shipyard openings grew by 6,9% in June to 760.000 units, the highest level since October 2008.
The euro is slightly down on the dollar, at 1,226, from 1,229 at last night's close.
Tensions on bonds also fell. The yield on the ten-year BTP is flat at 6%, the spread with Germany he scores 480 basis points (+2 bps since yesterday's closing) also because the success of the German Schatz auction (2 years), with yields below zero, pushed the Bund future to its highest level since the beginning of June at 145,3 points.
With regard to the two years, it should be noted that the spread between Italy and Spain has risen to 135 basis points, the maximum in the last two years. To Italy's advantage, of course, while at the end of 2011 it was 200 basis points ahead of Madrid. Securities yield 3,5% (Italy) and 4,8% (Spain).
In Piazza Affari the banks are opposed: Unicredit -0,93% Intesa Sanpaolo + 2% Mount Paschi -2,78% Banco Popolare -0,33%.
Another schizophrenic session for Fondiaria and Unipol, under capital increase. The first loses 47% to 2,59 euros, the second loses 2,2% to 3,03 euros.
The worst blue chip is Snam, down by 4,76%, following the placement of 178 million shares, equal to 5,3% of the capital, by Eni, up 1,7%. The shares were sold for €3,43 with total proceeds of €612 million.
Stm gains 6,53% after the positive data from Asml and St-Ericsson is the star of the session. Utilities are down: Terna -1,07%, Enel -1,27%. Mediaset rises by 4,64% after the rumors about a review of the industrial plan which provides for an increase in savings to 400 million euros from 250 million euros.
Of the 15 expressions of interest received for TI Medium, a third concerns the entire company, a third aims at infrastructure alone and the others aim at the television activities of the La7 network. Two trade union sources said so at the end of a conference call held between workers' representatives and some managers of the company and of the parent company Telecom Italia.
Finmeccanica rises by 1,66%: in an interview with the Wall Street Journal, the president of the holding Giuseppe Orsi says he is looking for alliances with European subjects in the defense and aerospace sectors.
