PIAZZA AFFARI +0,8% CELEBRATES THE MONTI EFFECT
BUT THE SOVEREIGN DEBT FEVER DOESN'T DROP
Final in crescendo in Piazza Affari simultaneously with the oath of the Monti government. The Ftse Mib index of the Milan Stock Exchange rose, after a day marked by very strong volatility, by 0,79% to 15.419 points. During the session, there were sharp increases in the morning, but also followed by a sharp decline to demonstrate the fragility of the overall picture at European level.
The yield of the BTP-10 fell by 12 basis points to 6,93%. The yield on French government bonds is also breathing (-2 basis points to 3,64%) but the Spanish bond rises to 6,31% (+5 basis points). The bund trades at 1,807% (+3 basis points). According to Reuters this morning the ECB intervened by buying government bonds from Spain and Italy. France has returned to solicit the convinced intervention of Frankfurt but Angela Merkel holds back and recalls that the treaties prevent the ECB from solving the financial problems of individual countries.
Monti dissolved his reservation at the Quirinale at 13,24 pm and took on the role of new Italian prime minister and interim economy minister in a caretaker government that "will focus on the initiative for economic growth and development" . Tomorrow the new executive will appear in the Senate and then in the Chamber for a vote of confidence. In Piazza Affari, the banks move in random order. Unicredit rises by 1,42%, Intesa Sanpaolo which sells both Corrado Passera and the vice president Elsa Fornero to the executive gains 0,66%. Banco Popolare di Milano plunges by 13,18%, following the sales of securities subscribed for a capital increase delivered tomorrow morning. Finally, Ubi Banca rose by 5,10%.
The best blue chip is Azimut +5,3%, while the bottom light, following the S&P relegation is Fondiaria Sai – 4,5%. Eni is up 1,40%, Enel up 0,76%. Campari still down -4,73% while among the small caps, after the downturns of recent days, Prelios rebounds +17%. Safilo flies +10,36% on the day of Armani's definitive farewell. Lastly, the harvest of Astaldi orders was promoted +7,4%. Finally, the Buffon effect on Zucchi +19,14%. Yesterday the national team and Juventus goalkeeper announced that he had risen to 19,8% of the textile company.
