There is no guarantee that the new international aid package granted to Greece will achieve the desired results. Word of German Chancellor Angela Merkel ahead of Parliament's verdict on the green light for the bailout program worth 130 billion euros. Merkel herself added that Berlin's contribution to the new ESM permanent state-saving fund would be 11 billion and would be paid next year. Merkel's words, combined with disappointment with the G20, conditioned the session: Piazza Affari lost 1,09% to 16308, Paris dropped by 0,74%, Frankfurt by only 0,22%.
Wall Street is also feeling the negative effects of the G20 outcome: S&P 500 falls 0,5%, Dow Jones -0,5%, worse Nasdaq -0,7%. Yet there is at least two positive news on the macro front: home sales in January in the US rose by 2%, double the 1% expected by the consensus of economists.
In the meantime, the oil price is slowing down after the rally of the last few weeks. WTI is trading at 108,6 dollars a barrel, Brent at 124,24 dollars, both down by 1%. But the rise in crude oil in the last 5 months is close to 45%.
The Btp-Bund spread is little changed with fluctuations to 359 points after the 12,25 billion BOT auction which saw the yield on the half-yearly fall to its lowest level since September 2010 at 1,202%. The yield on the 10-year BTP moved little to 5,47%, while there was a more marked effect on the yield on the two-year bond which fell to 2,67%, the lowest since April.
Among the banking stand out the massive losses of Ubi (-5,9%), held back by Deutsche Bank's sell recommendation. And of Ps, which drops 5,89%. It also falls Banco Popolare (–6,3%). Down too bpm (-2,74%), Unicredit (-3,78%) And Intesa Sanpaolo (-2,89%). The end of the ban on short selling of financial securities, decided on Friday by Consob, in line with what has been done by the other European authorities, weighs on the sector.
On the front of the "war of policies", the halt due to excess volatility of Premafin in Piazza Affari continues, which however appears unchanged, canceling the strong theoretical increase (+15%) recorded in the morning. Uphill too Fonsai (+1,24%) unlike Milan Insurance (-0,65%) And unipol, which yields 0,85%.
The market likes the agreement on Impregile it (+1,5%) announced over the weekend with which Atlantia sold its 33% of Igli to the Gavio group. The holding company that controls 29,9% of Impregilo. Gavio becomes the sole shareholder of Igli and the first shareholder of Impregilo, closely followed by the Roman entrepreneur Salini who in recent months has raked up 20% of the construction group on the Stock Exchange. Growing Sias +1,3% the motorway company of the Gavio group which, among other things, sold its stake in the South American motorway holding to the Benettons for 560 million.
