They disappoint the quarterly results of the Chinese GDP, which slowed down beyond expectations. Beijing's numbers weigh on trading on the Stock Exchange: by mid-morning Milan was in the red by more than one point, the worst in Europe. Followed by Paris (-0,65%), Frankfurt (-0,51%) and London (-0,24%).
VITA, AFTER AGREEMENT, UNICREDIT ALSO PLAYS THE GERMAN CARD
WALLSTREET FLIES, KOREAN MISSILE NO. AND ASIA HAS A FESTA
In via XX Settembre, headquarters of the Ministry of the Treasury, they breathe a sigh of relief: yesterday's Btp auction closed the fiery quarter of government bond auctions. The Ctz auction at the end of the month remains (12,3%), but by now Italy has collected 45% of the 450 billion needed for debt financing in 2012. But the glass half full does not dispel the fears that emerged in a day from the final in pink.
The lifesaver came from the USA. The robust rise of the US markets has infected the European lists, already conditioned by the tension on government bonds. In Piazza Affari, the FtseMib index finished up by 1,2%, London rose by 1,3%, Paris +0,99%, Frankfurt +1%. On Wall Street, the ride of the indices closed with a robust rise: the Dow Jones rose by 1,41%, S&P +1,38%, Nasdaq +1,30%.
The favorable ending does not erase the negative notes. On the sovereign debt front, first of all. Yesterday morning the Treasury placed 2,88 billion of 3-year bonds, slightly less than the maximum expected amount of 3 billion despite the sharp increase in yields that shot upwards: the bonds were allotted at 3,89% from 2,7 .XNUMX% of the previous mid-March auction. The reopening reserved for specialists in theBot offer with expiration 2013 placed in auction yesterday. The deal experienced strong demand today. The security, reopened and placed for 800 million euros, has recorded requests for 4,704 billion euros.
Meanwhile, to summarize the maintenance of the dam of public finance, sul government bond market, the ten-year BTP showed an improvement with a yield down to 5,37% and a spread with the Bund down to 359 points (-14 points).
Italy's swing failed to impress Wall Street, thrilled by Fed al comments Beige Book, the most sensitive thermometer in the US economy. The growth, we read, continues at a "moderate" rate in all 12 regions in which the analysis is broken down. The patient improves but is not out of danger. So much so that the Fed Vice Chair Janet Yellen, went so far as to underline that the era of expansionary monetary policy is not over, rates will remain exceptionally low until 2014. Hence a session marked by the Bull, as demonstrated by the leap forward in the transport index +2,2 .7,2%, considered one of the most reliable bullish signals. Or, even more, the boom of Hewlett-Packard +XNUMX% after the publication of the Gartner analysis which shows the strong growth of the PC sector in which the company remains the leader.
Celebrate Asia too, starting with the Korean price list +1%. Contributing to the euphoria, in Seoul as in Tokyo +1,32% and Hong Kong +1,61 was a welcome flop: the in-flight explosion of North Korea's long-range missile, a failure that helps to dispel fears about the next moves of the new dictator of Pyongyang. The news helped contain the negative impact of the decline in China's GDP growth rate: only 8,1% in March, the most modest increase since the beginning of 2009. In return, lending resumed in March to run at the fastest pace since January 2011.
In Milan the index FtseMib it fluctuated for a long time, with a negative peak of 1,7%, successive ascents and new descents, before finding its way to the final rise. Banks have been on a roller coaster ride all day. At the end of the session, Unicredit recorded an increase of 0,6%, Intesa +1,9%, MontePaschi closed down by 1,4%, Ubi +0,5%, Mediobanca +1,1%. Note the surge of Banca Popolare di Milano +8,5% on the rumors that in the next industrial plan the management intends to set the objective of reducing personnel by 1.500 units.
After the arrival of Tommaso Cucchiani at the top of Intesa Sampaolo another "German" manager rises to the top of the credit system. Giuseppe Vita, president of Allianz Italy, was designated to succeed a Dieter Rampl to the presidency of Unicredit. In recent days, Vita, who among other things is part of the supervisory board of Axel Springer, was designated as an independent member of the new RCS board.
Eni closed up 0,1% on a negative day for the global oil sector, dragged down by Shell -1% after the discovery of an oil slick near one of its platforms in the Gulf of Mexico. Positive Tenaris+3,3% e Saipem + 2,7%.
Among the worst blue chips on the Milanese list we find Telecom Italia, unchanged, and Enel -0,8%. Shares of renewables are skyrocketing after the decrees on incentives: Enel Green Power is up 5,1%. On the eve of the Consob summit with Edf managers on the subject of the takeover bid price on Edison, A2A loses 0,9%. A breath of fresh air for industrial stocks: StM rebounds by 4,7% while awaiting the industrial plan, which will be presented on April 23rd, of the subsidiary St-Ericsson.
Bene Pirelli + 3,5% Fiat + 1,6% Fiat Industrial + 3,9% Exor + 3,5%.
Among mid cap, the increase of Interpump +5,4% and Landi Renzo +4,6% should be underlined. The editorials were negative: L'Espresso -2,2%, RCS -4,9% after the surge (+36%) in the last ten sessions.
The landing in Piazza Affari of the first freshman of 2012 is ready: Consob has in fact given the OK to the publication of the Cucinelli prospectus. The public sale offer will start on Monday 16 April. 20 million shares corresponding to 30% of the capital will be placed. 10% will be reserved for the retail public.
