THE FED ALSO PUSHES THE RESCUE IN THE BUSINESS SQUARE
FIAT PUT IN FIFTH, BANKS WELL AND SPREADS
Kidney stroke of Toro. A strong current of purchases has invested the price lists today, Piazza Affari included. After the declines of the past few days the FtseMib index rises by 1,48% to 15.772, the London Stock Exchange gains 0,73%, Paris +1,18%, Frankfurt +1,56%.
In Europe and in Milan, earnings are spread across all sectors. What are the reasons for rally? The reassurances of Fed vice president Janet Yellen that the US central bank will continue on the path of a super-expansionary monetary policy have pushed Wall Street and Asian stock markets higher and are fueling the recovery of European stock markets.
In Piazza Affari, in the morning, the idea of the technical government found credence, after the (alleged) openings by the 5-star Movement, which were later denied.
Government bond prices improve: the 10-year BTP is trading at a yield of 4,77% with a BTP/Bund spread at 333, eleven basis points less than yesterday.
THEeuro it is up slightly against the dollar to 1,304 from 1,302 at last night's close.
After five consecutive sessions of decline, the Brent-type oil this morning it rose to 110,4 dollars a barrel (+0,3%). The WTI also rose by 0,3% to 90,4 dollars.
In Europe they excel the automotive sectors (Stoxx index +1,8%), banks (+ 1,3%) and insurance (+1,2%), among the most affected in recent days.
Also on the Milan price list the increase is distributed across all sectors.
Fiat salt by 3,27%, Pirelli + 2,49% Finmeccanica +2%, StM +1,22%. Corrects Prysmian which slips by 0,48% after announcing a convertible loan of 300 million euros.
It bounces Mediaset +3,01% after the recent falls.
Still down sharply Telecom Italy Media -10,83%. Cairo Communication rose by 3,9%.
Telecom Italy + 2,2%.
Enel salt of 1,23%, Eni it advances by 1,1%.
Between the banks after a sharp drop in the start (up to 5%) , Banco Popolare scores -1,39% : yesterday evening the Veronese bank announced a profit warning warning that the 2012 accounts will be worse than market expectations.
Unicredit + 1,72% Understanding salt by 2%, MontePaschi +1,75%, they rebound Mediobanca +2,7%, e Pop.Milan +0,69%. The march continues Bper + 2,23%.
In the insurance sector, Generali rises by 2,85%, Unipol +2,7%.
