US CONFIDENCE DOES NOT STOP THE STOCK +0,52%
THE BUND WORSENS, BUT THE BTP REDUCES THE SPREAD
The data on American consumer confidence let the operators down. But the European stock exchanges absorbed the news without drama, confirming the underlying solidity of the markets. TO Milan, after recording a drop of 0,5% following the news, the Ftse/Mib index closed with an acceleration of +0,52% at 17.081. The other lists are also positive: Paris rises by 0,37%, Frankfurt +0,18 and London +0,5%.
Another significant signal comes from sovereign debt front. It still drops, in fact, lo spread between BTPs and Bunds, now reduced to 280 basis points, the lowest since last August 17th. But the real news is that, this time, the gain does not depend on the drop in the yield of the Italian bond, indeed slightly up to 4,85%, but on the fall in the prices of the Bund, back above 2% (2,05 .9% +17bp) for the first time since last December XNUMXth.
THEinflation (+2,9% in February) in the meantime, it's picking up US bond yields to 2,32%, the maximum for eight months. The Wal Street indices were positive in the middle of the session: Dow Jones +0,04%, Nasdaq +0,09% and S&P +0,11%, which is resisting above the 1.400 mark (1404,2), in the best week in three months this part.
A support European price lists above all it was the excellent performance of the insurance sector: Axa and Allianz gain two percentage points while Generali gains i1 3,3%%.
In domestic key to report the ups and downs of Unipol +0,9% at the close, but first to earn more than 4% coinciding with the presentation to analysts of the integration plan with Fondiaria-Sai -3,9%. Premafin, which today will give an official response to Palladio and Sator, loses 5%.
Among the banks, still positive Understanding +0,39% driven by a flurry of buys from major international brokers. Up too unicredit, +0,4%. falls the Banco Popolare -1,57%, while Banca Popolare di Milano recovers in the final and closes at +0,1%%. Meanwhile, an agitated eve in Siena: thousands of employees of Mps Bank -1,1% marched through the streets of the center protesting against the plan to cut personnel costs which will be launched by the new top management. Just tomorrow, in fact, the Foundation should vote on the list with the name of the president (Alessandro Profumo), the managing director (Fabrizio Viola, now general manager) and four other members of the new board of directors. Finally, by the weekend, offers should arrive from some private equity funds on the 15,5% stake put up for sale by the Foundation: surprising names are not excluded.
Among the rising stocks stand out Impregile it +4,07% over 3 euros, more than ever in Pietro's sights Salts, Saipem +1,88%, steadily recovering and Ferragamo up 2.%% after the good quarterly data.
The operating accounts do not weigh on Rcs +0,36%, down by 1% coinciding with the first flashes on the 2011 results.
