Draghi's optimism and American confidence lift the price lists, which close in positive territory. The Ftse Mib rose by 0,42%, Frankfurt by 0,16%, Paris by 0,47% and London by 0,36%.
“There are numerous reasons to be positive about where we are going in Europe. We expect the economy to improve next year”, said Mario Draghi in Berlin at the day of the Bdi, the German Confindustria.
The markets file without feeling too many jolts the gloomy verdict of S&P, which in a report notes that the recession in Italy and Spain is "intensifying". The agency also revises the eurozone growth estimates for 2012 downwards, to -0,8%, and unchanged in 2013. On the other hand, Confcommercio's forecasts are no longer optimistic: in 2012 per capita consumption of Italians should present "the worst negative change in the history of the Republic" with a drop of over 3%.
Wall Street opens positive and benefits from the round of macroeconomic data. At the end of the European lists, the Dow Jones rose by 0,27% and the Nasdaq by 0,32%. In particular, the S&P/ Case-Shiller index highlighted the third consecutive increase in home prices in the main 20 American cities and American consumer confidence beat analysts' expectations, rising in September to the highest level since February. settling at 70,3 points, from 61,3 in August.
Draghi's optimism is conditional on governments carrying out reforms. All eyes are on Spain ahead of Thursday's unveiling of a new structural reform package. Brussels is also awaiting the results of the stress tests on Iberian banks expected on Friday. Then the negotiations continue for the possible European aid package that Rajoy is reluctant to ask.
Today Madrid placed 3 and 6-month government bonds for a total of 3,98 billion euros (4 billion the maximum target) recording an increase in rates: to 1,203% from 0,946% on the 3-month bond and to 2,213% from 2,026% over the six months. During the day, the Italian treasury also placed bonds for almost 4 billion but with falling rates. This is Ctz 2014 with a yield of 2,532% from 3,064% in the August 28 sta. Today's good result bodes well for tomorrow's 6-month Bot auction.
The Btp-Bund spread closed at 351 points just above the opening after having risen to above 360. The Bono-Bund closed at 416 points from 412. The euro recovered against the dollar to 1,2943 while WTI oil recovered by 0,84, 92,7% at XNUMX dollars a barrel.
Banks rise in Piazza Affari: Banco Popolare +3,23%, Ubi Banca +3,15%, Bpm +2,73%, Intesa Sanpaolo +2,64%. Among the best of the Ftse Mib also Tenaris +2,78%. At the bottom of the Fiat -2,30% list, which was affected by the sales that affected all automotive buying in the wake of Goldman Sachs' cut in profit estimates on the three major German car manufacturers. Enel loses 1,86%, Pirelli -1,69%, Stm -1,59%, Salvatore Ferragamo –1,37%.
Consob communications show that, as of 17 September, after the capital increase, Matteo Arpe's Sator holds 3,036% of Fondiaria Sai, Palladio Finanziaria holds 2,012%, Finsoe holds 41,93%, 4,9% through UGF, 32,8% through Premafin and 4,17% through Finadin.
