STILL RUNS MPS, AHEAD ALSO BPM AND CARIGE
BUT THE ZEW INDEX IS HOLDING BACK THE RACE OF THE EU EXCHANGES
The strong and unexpected decline of the Zew, the German confidence index, which has slipped to its lowest since January 2013, is starting to weigh on European stock markets.
In Milan the Ftse Mib index turns negative around noon at an altitude of 21.941.
The other European Stock Exchanges, still in positive territory, I reduced ninth earnings: in positive territory: Frankfurt rose by 0,18%, Paris by 0,12%, London by 0,16% and Madrid +0,3%.
The euro trading at 1,356 from 1,357 at the close.
Lo spread between BTPs and Bunds it is stable at 155 basis points, for a domestic 2,93-year yield of XNUMX%.
Il Spanish treasure this morning, with yields at historic lows, it placed six-month bonds for 910 million euro and 12-month bonds for 4,1 billion euro. The rate on semi-annual bills fell to an all-time low of 0,144% from 0,362% at the auction last May, while the rate on annual bills fell from 0,598% to 0,384%. Demand was also good, equal to 5,1 times the offer for six-month bonds and twice the offer for twelve-month bonds.
The start of the placement of Fineco does well in the initial phase to Unicredit now unchanged. Curbs the effect of the Barclays promotion to Overweight from Equal Weight, target price at 7,5 euros from 6.
Intesa drops 0,9%, Banco Popolare +1,46% pending the sale of Bad Bank, Pop. Emilia +1,4%.
In great evidence Banca Popolare di Milano + 1,56%.
Banca Carige is up 4,7%. The option right is trading at €0,2311, up 6,4%.
He runs himself Monte Paschi Bank, again suspended due to an excess increase, now +18,9%). The rights to the capital increase rise by 8%.
Generals +0,8% after Morgan Stanley raised its recommendation to Equal Weight from Underweight, bringing the target price to 17,25 euros from 16 euros. UnipolSai +0,2%.
Still weak Telecom Italy -1% after yesterday's heavy drop.
Enel rises by 0,9%, Eni slips down by 0,7%, Saipem -1%.
The industrialists moved little: Fiat +0,6% after the release of data on car registrations in Europe in May: the brands of the group reported a drop of 2,9% in an overall market that rose by 4,3%.
Pirelli +1,3% recoverable after the detachment of the coupon. StM +0,5%, Finmeccanica -1%.
Salini Impregilo falls -1,8% after the OK to the offer of ordinary shares intended to expand the free float and strengthen the capital structure: the free float will rise to 40% through a capital increase of up to 10% of the current capital of Salini Impregilo and a secondary placement up to 100 million ordinary shares.
