It's a party on world price lists. They run European stock exchanges and on the rise it is also Wall Street. Fireworks for Piazza Affari which kicks into gear after Monti's words at the press conference: +6,59%, the best performance of 2012 and the twelfth since 1998, the year of privatization of the Stock Exchange. The flying banks are the protagonists: Unicredit +14,26%, Intesa +11,58%, Banco Popolare +11,31, Bper +10,45%, Bpm +9,55%.
In addition to the Italian proposal to create an intervention mechanism to calm the spread, without the countries benefiting from the aid having to submit to the strict constraints of EU control for this reason, the thesis of a supervisory body for the banking sector in the euro area and, at the same time, of allowing the banks to be recapitalised directly from the fund ESM bailout, without burdening the countries' debt. Also celebrating is the Btp-bund spread which drops to 423 from yesterday's close at 468, (but today it dropped to 409 points), and a yield of 5,81%. Bono-bund spread plummets to 474 after closing yesterday at 542.
Madrid leaps by 5,66%, Frankfurt rises by 4,33%, Paris by 4,75%, London remains behind with +1,42%. On Wall Street, the Dow Jones rose by 1,76% and the Nasdaq by 2,45%. US stocks look to Europe and cash in on the disappointment of Rim's quarterly results, which closed a net loss of 518 million dollars lower than analysts' estimates and the postponement of the new Blackberry. Then there is the data on consumer confidence from the University of Michigan which dropped to 73,2 points at the end of June from 79,3 in May, below analysts' expectations.
The euro rises against the dollar to 1,2676 with the highest increase against the dollar in the last six months. Oil jumped 5,88% to 82,26 dollars a barrel.
At Piazza Affari only Ansaldo Sts closes negative at -1,15%. The "worst" stocks of the Ftse Mib close with an increase of at least 2% such as Impregilo, Lotttomatica +2,49% and Luxottica +2,64%
All eyes on the Fondiaria Sai insurance hub where the Unipol operation is once again at risk after the intervention of the judicial custodian of the 20% of Premafin in the hands of the Trusts who asked to convene a new meeting to allow the shareholders to judge the options in the field. Which could eventually lead to the revocation of the resolution on the €400m capital increase reserved for Unipol. The board of directors of the holding which met today (with rumors of resignations en bloc of the directors but today there were only two exits, Samanta Librio and Geronimo la Russa) postponed the work to Monday to allow the examination of the documentation sent both by the custodian and by Sator and Palladio, who formulated a new proposal, but also Paolo Ligresti's request received Thursday evening from Limbo Invest (it owns 10,34% of Premafin) to convene a meeting to dismiss the directors in office and the appointment of a new board of directors.
