Piazza Affari rebounds after a negative start to the week. In Milan, the FtseMib index rose by 0,41%, to 166375. A positive sign also for the other European stock exchanges: London rose by 0,19%, Paris +0,48%, Frankfurt +0,59%. The wait for the bond auction, the most difficult in February, set the tone for the morning. The Treasury has offered five- and ten-year BTPs, with the aim of rounding off February's recovery (the next appointment is for March 13).
2,5 billion 5-year BTPs were placed at a yield of 4,19%, down sharply from the 5,39% of the January auction. The 3,75-year bond also dropped by half a point: 10 billion 5,5-year BTPs were placed at a yield of 6,08%, from XNUMX% at the end of January.
E' a great success, given that the maximum amount foreseen has been reached. But the yield of the BTP 10 was higher than that of the secondary market (5,35%). It goes down anyway the spread with the Bund at 353,9, from 356,6 at the close yesterday evening.
S&P's decision to decree the selective default of Greece has not shaken the markets much. In the afternoon the doors of the Eurotower offices in Frankfurt will open: from 16 pm it will be possible to apply for access to the Ltro funds prepared by the ECB. After a sprint start the banks slow down. Unicredit reduced gain to a modest +0,47%, Intesa Sanpaolo drops by 0,61%. In balance Ubi (+0,06%), below Banco Popolare (-1,46%). Instead they hold MontePaschi (+ 0,93%) and PopMilan (+ 1,2%).
StM (+ 4,3%), affected by Nokia's problems, consoled itself with the announcement that the NovaThor platform produced by the St-Ericsson joint venture (50% StM) was chosen by Samsung for its new Galaxy mobile phone. Still down Finmeccanica (– 0,7%), while the subsidiary Ansaldo earn 1%.
Then continue the march Impregile it, up 2,65%. Gavio's move, which over the weekend rose to 29,9% of the construction giant, has not discouraged Salini, now at 20%, which could increase its share and reach the same stake. Two alternatives open up in view of the meeting: Salini could present his own independent list or find an agreement with Gavio.
Weak match, Fiat it recovered and is up 1,61%. In Paris Peugeot runs up 5,8%, following rumors about an agreement with the US giant GM, which will take 7% of the capital of the French company. “It is central that the European situation must be addressed. If the hypothetical deal between Peugeot and GM becomes a reality, I hope it will address the overcapacity issue. He has to do it." This is Sergio Marchionne's reaction on the front of alliances to a question at a press conference in Brussels. “We are moving – he added we can do things in all parts of the world”. Speaking of possible agreements with Suzuki and Mazda, Marchionne concluded: "There are so many opportunities to examine, including those".
Meanwhile, the rise in oil (this morning the WTI is stable at 108,3 dollars a barrel) pushes Landi renzo (+7,6%), world leader in gas systems for cars. Sales are back up Mediaset which drops by 2,58%. Backtrack by Premafin, suspended this time due to excessive reduction. Zizag pattern for Saras, after better results than expected. First it shoots up 10%, then corrects, with a hold due to excess downside (-0,1% with a theoretical value of 1,123 euros). Now it marks -3,2%. Aeffe + 6% on the wave of Mediobanca's promotion.
