European stock exchanges take off, excited by the prospect of the Greek pax. TO Milano the FtseMIb index travels up by 2,16% and returns above 23 thousand points. But the Milan stock exchange is the least euphoric: they do even better Paris (+ 2,98%), Frankfurt (+ 3,12%) and Madrid (+2,93%). It goes into orbit Athens (+7%), while the banking sector rises by as much as 15%.
The debt market is no less effervescent. The spread between the ten-year Italian benchmark and the same German maturity, it has now fallen to 134 basis points from 154 at Friday's closing. The yield on Italian 2,30-year bonds fell from 2,17% to 135%. The Spanish Bonos perform worse than Italy, even if only slightly, whose differential with the Bunds is 160 points: even for Madrid bonds, however, there is a collapse in the spread with Germany compared to the 8 basis points of last Friday. The yield on the Bund rose by 0,83 basis points, to XNUMX%.
All this takes place even before the signing of an agreement between Greece and the creditors, but this time hopes should not be disappointed. At 11, after a meeting lasting less than half an hour, the ECB has granted new loans emergency to Greek banks, averting the risk of a lockout.
Meanwhile, the meeting between Alexis Tsipras and the President of the European Council Donald Tusk. Those with the president of the European Central Bank will follow, Mario Draghi, the director of the International Monetary Fund, Christine Lagarde, the President of the European Commission, Jean-Claude Juncker, and the president of the Eurogroup, Jeroen Dijsselbloem. The European Commissioner for the Economy, Pierre Moscovici, said he was "convinced" that today there will be a solution: "I believe - he added - that everyone's political will to keep the euro is irreversible".
Great euphoria for the banks, starting with the Popolari also due to the sale of Icpbi. Banca Popolare dell'Emilia Romagna is up 6%. Banco Popolare earns 3,8%. Where's Banca salt of 3,4% e Banca Popolare di Milano 1%. Unicredit +2,8% and Understanding + 3,7%. Mount Paschi it advances by 1,2%.
InWit debuted on Piazza Affari with a 9% increase. Among the relevant shareholders is the Harvard University fund which, according to what has been learned, holds 2,6% of the capital. The Threadneedle fund, also a shareholder of Ei Towers, is present with about 3%.
Telecom Italy +0,3%: Vivendi's Board of Directors will examine this week entry into the former Italian incumbent of telecommunications.
StM +7,5%: Barclays has raised the rating to equalweight from the previous underweight. The target price was raised to 7,80 euros from 5,90 euros.
Also good Saipem (+4,3%): Deutsche Bank issued a buy from the previous sell. For Banca Akros, the company is in a good position to obtain contracts for both the Turkish Stream and the doubling of the North Stream.
The utilities are also advancing: A2A + 2,8% Enel + 2% Snam + 2%Iren + 3,7%.
