Waiting for the president's decisions Giorgio Napolitano Piazza Affari closes on parity and lo Btp-bund spread it falls back slightly to 348 points. After a bullish morning driven by the banks, the Milan stock market gave way to fears about the country's political situation exacerbated by the Cypriot events and wiped out the gains. The Ftse Mib thus closed at -0,1% while the others European squares closed the session in positive territory: Frankfurt closed slightly up at +0,08%, Paris at +0,53%, London +0,38%, Madrid +0,25%.
During the day the Ftse Eb however, he had taken the road of increases in conjunction with the declarations of the chief economist of the OECD Padoan, the release of the February ECB data on deposits, which reassured against an escape of account holders from European and Italian banks, and the words of the minister of the Economy. Vittorio Grilli reassured that the 3% limit in the ratio between deficit and GDP is insurmountable and the government announces monitoring actions during the year to ensure that Italy respects the parameters of the European Stability Pact. The margin of 0,5 points will be used to liquidate 20 billion of past credits to companies supplying the public administration. Another 20 billion will arrive in 2014 but the impact on the public finances will be limited to the public debt, without increasing the deficit.
A Wall Street the S&P index marked the new all-time high since 2007 in the intraday above 1.565 points. However, some disappointing macro data arrived in the United States on weekly jobless claims that grew more than expected and on fourth-quarter final GDP that increased less than expected (revised to +0,4% from +0,1% against estimates by +0,5%).
In Piazza Affari, the banking sector closed positive overall: Bper +3,77%, Ubi +3,38%, Unicredit +1,34% Banco Popolare +0,56%, Intesa +0,71%. Mps unchanged while Bpm drops 0,91%. Among the best of the Ftse Mib Tod's +1,92% and Enel Green Power +1,25%. At the bottom of the Prysmian index -3,08%, Buzzi Unicem -2,68% after the 2012 accounts closed in the red (earnings profit), Mediaset -2,39% Finmeccanica -1,88%, Stm -1,81%.Another farewell from Piazza Affari is on the horizon: If the takeover bid on Impregile it will go through Salini will consider removing the stock from Piazza Affari to list it in London, said Pietro Salini in an interview with Bloomberg.
