PIAZZA AFFARI PUNISHES THE MEDIOBANCA PLAN
GREEK CLOUDS ON THE SPREAD
Le European stock exchanges are attempting the road to recovery on the wave of Tokyo's rebound +1,7% at the close, waiting to join the trend of the US Stock Exchanges: futures on Wall Street signal a positive start.
in Milan theFtseMib index rises by 0,82 to 15.676%, London +1,21%, Paris +1,16%, Frankfurt +0,64%, Madrid +05,1%.
A little oxygen for thegold traded at 1.297 dollars an ounce +0,9%, after yesterday it lost 4,9%.
The negative note concerns the tensions on the front of debt securities.
Lo BTP/Bund spread it returned to 282 in the morning due to the growing tensions in Greece where the stability of the government is at risk.
It calms down there storm Bernanke, reopens the Greek front.
Il Monetary Fund he threatened to interrupt loans to Athens if the European Union does not resume the disbursement of funds, blocked pending Greece fulfilling the clauses of the agreement which provide for layoffs from the public sector. Meanwhile, tensions are growing in Athens. The differential between the Greek 80-year bond and the German bund widens by 950 basis points to 11,24 for a XNUMX-year yield in Athens that soars to XNUMX%, the highest since the end of April.
Simultaneously, the Athens Stock Exchange it drops 3%, eliminating the positive performance since the beginning of 2013. From the highs of May, the Greek stock market has lost 27% on fears that the country will not receive the new tranches of international aid.
In Piazza Affari it is under fire Mediobanca -3,87%, who presented the new industrial plan: expected sales of investments for around 2 billion in the next three years, including a 3% stake in Generali.
Among the banks, levy of Pop Bank. Emilia +4,9%, which collapsed yesterday by 8% on the wave of rumors of an inspection by the Bank of Italy.
Among other institutes Unicredit + 0,21% Mount Paschi + 1,1% Understanding + 0,24%.
The Eurogroup yesterday approved the mechanism whereby theESM (the European fund saves states) will be able to directly recapitalize banks that have capital problems.
The agreement, however, was reached by limiting the intervention to a ceiling of 60 billion euros. The mechanism will not start before the Single European Supervision and the approval of the mechanism for resolving banks in crisis (autumn 2014).
Among the industrialists Finmeccanica -1% Fiat +1,14%, negative StM -0,28%.
Up too luxury stocks. Ferragamo +0,7%, Luxottica +0,19%, Tod's -1,19% down. Eni climbs +1,16% after the agreement on the discount on Russian gas prices. Saipem +1,12%.
Enel + 1,6% Telecom Italy + 3,54%. Terna +1,34%, Morgan Stanley confirmed the overweight opinion and raised the target price to 3,5 euro from 3,1 euro.
Finally Mediaset + 2,12%.
