The Stock Exchanges resume their share pending the G7 in Dresden, partly dedicated to solving the Greek intrigue. In Milan the Ftse Mib index advances of the 0,99% at an altitude of 23.588. Madrid also rebounds +0,60% after the electoral shock. Paris +0,43%, flat Frankfurt +0,08%. London +0,52%.
The euro traded at 1,092 against the dollar recovered positions. Crude also rebounds: Brent +1,1% to 64,4 dollars. Slight increase by Eni +0,4%, little moves by Saipem and Tenaris. Saras, on the other hand, is up 1,6% thanks to the increase in refining margins.
THE BOT AUCTION IS GOOD, BUT BTPS SUFFER FROM GREECE SICKNESS
Stir the waters of fixed income under the pressure of the Greek default risk: this morning the ECB decided not to raise the ceiling on ELA (emergency aid) for Greek banks. Thus the race for the German Bunds is accentuated, the spread between Btp and Bund at 141. The 1,96-year yield is 6%. This morning the Treasury placed 6 billion 0,04-month BOTs at an unchanged rate of XNUMX%.
ROAR OF GENERALI, GOOD UNDERSTANDING AND FIAT CHRYSLER
At the center of the attention of Piazza Affari the outcome of the Generali Investor Day (+ 1,63%), underway in London: among other announcements, the forecast of the distribution of 5 billion in dividends by 2018. Among the banks, it stands out Understanding (+1,35%). Stocks (+4%) and rights (+1,5%) increased by Mount Paschi. The luxury stocks are still positive, supported by the news that the China to lower tariffs on imports of clothing and footwear: Tod's +1,3%, Moncler +0,9%.
Again double-digit growth in fundraising (+15,8%): since the beginning of the year, the positive balance is 71,2 billion, more than half of the whole of 2014 (133,7 billion). Azimut's shopping continues +0,19%: Price Advice purchased in Australia, assets under management thus rise to 700 million Australian dollars. Salt too Fiat Chrysler +1,11%, the performance of Peugeot +3% shines in the automotive sector. This morning HSBC reiterated the Buy recommendation, raising the target price to 24 euros from 20 euros. Analysts are even more bullish on the stock's prospects after attending the Investor Meeting held in China last week. Finmeccanica +1.74%: the Treasury holding is interested in buying Avio.
