Limit the damage Ftse Eb which closed down by 0,25% a 20.781 points, buoyed by banking stocks in a week full of results and business plans. Among the best too Enel +1,25% after the bills and the promise of a 50% payout increase as early as 2015. The rest of Europe archives major drops: Frankfurt -1,28%, London -0,97%, Paris -1%, Madrid -0,91, XNUMX%.
The tensions between Ukraine and Russia with the G7 weigh heavily on the price lists which released a statement reiterating that the referendum scheduled for Sunday in Crimea for its return under the control of Moscow is illegal. Furthermore, the risk of a slowdown in the Chinese economy is worrying. Doubts about the health of the Chinese financial system are renewed after the shares and bonds of an electricity group listed in Shanghai were suspended and only a week after the first default involving a renewable energy group.
The Btp-bund spread closes at 182 basis points, up on the day of the awaited council of ministers on school and work. Today the Treasury placed all 7 billion euro of the new 1-year Treasury bonds with the average yield falling to an all-time low of 0,592% from 0,676% in February and requests reached 10,7 billion euro with a ratio of coverage of 1,53. Tomorrow a maxi auction of BTPs for a maximum of 7,75 billion euros is on the agenda with 4 different maturities from 3 to 30 years. Traders are expecting yields to fall. Auction also for Berlin which placed 2-year government bonds (Schatz) for 3,32 billion euros. The average yield rose to 0,15% from 0,11% and demand reached 8,5 billion euro against a maximum supply amount of 4 billion.
On Wall Street, the indices continue weak and mixed: the Dow Jones moved slightly below parity, the S&P500 lost 0,16% and the Nasdaq rose by 0,12%. WTI oil dropped 2,25% to 97,78 dollars a barrel and the euro-dollar exchange rate was 1,3909 (+0,39%).
Bpm banks shine in Piazza Affari +5,28% with investors rewarding the new industrial plan. Bpm has achieved the plan objectives in terms of redundancies in advance and therefore will now be able to hire about 390 employees over the new industrial plan to 2016. The capital increase should start on 5 May. He runs Ubi +4,7% with profit tripled beyond expectations and a dividend of 0,06 euro per share, up on the 0,05 euro of the previous year. Mps +1,36% after the accounts despite the loss higher than analysts' expectations. Outside the Ftse Mib rally of Erg +7,18%.
Down luxury with Tod’s which leaves 5,14% on the ground, Yoox -3,5% and Salvatore Ferragamo -2,8%. Campari -3,9% falls after the purchase of the Canadian Forty Creek and the slight drop in 2013 profit to 149,8 million.
