The Ftse Mib brakes slightly in the final but closes up by 0,7% a 21.085 points. Well today's auction of the Treasury that placed all 7 billion semi-annual bots at a record low yield of 0,236% against 0,309% in the June auction. Closing yesterday, on the Mts gray market, it traded at 0,257%. Demand was 1,75 times supply (12,2 billion euros). Tomorrow the Treasury will complete the series of month-end auctions by placing between 4,5 and 6 billion euros of 5- and 10-year BTPs and 1-1,5 billion euros of 5-year Ccteu.
The BTP differential closed at 152 basis points after having dropped to 150 points with a ten-year BTP yield at an all-time low of 2,64%. Historical lows also for the yield of the Bund which in the morning reached 1,119% in the wake of geopolitical tensions. Driven by fears of another default in the country, credit default swaps on Argentine debt jumped to a six-week high this morning, ahead of the meeting between the country's representatives and investors who have not accepted the previous debt restructuring.
The OECD announced that consumer prices rose by 2,1% on an annual basis in June, in line with the annual inflation rate at the end of May. However, the performances of the various countries in terms of energy and food product prices were heterogeneous: stable prices in the USA USA (2,1%), inflation slowed down in France (0,5% from 0,7. 0,3% in May), Italy (0,5% from 3,6%) and Japan (3,7% from 2,4%), Canada rose to 2,3% (from 1%), Germany (0,9% from 1,9%) and Great Britain (1,5% from 0,5%). In Euroland it was stable at 20%, while in the G2,9 area it dropped to 3% (from XNUMX%).
On the Eurozone front, it should be noted that the rate of business investment in the Eurozone fell in the first quarter to 19,3% from the 19,5% recorded in the fourth quarter of last year. In Europe, the main lists closed in positive territory: Paris +0,48%, Frankfurt +0,58%, London +0,29%.
Contrasted Wall Street: Dow Jones unchanged, S&P500 -0,16%, Nasdaq +0,11% after light and dark macro data. The confidence index measured by the Conference Board Consumer rose to 90,9 in July against 86,4 in June. The US home price index, S&P/Case-Shiller, rose 9,4% in May for the top 10 cities, while the expanded data for the top 20 cities was up 9,3% below analysts' expectations. WTI oil dropped 0,99% to 100,66 dollars a barrel. The euro/dollar exchange rate is up 0,22% at 1,3410 and gold is up 0,31% at 1.301,7 dollars an ounce.
In Piazza Affari at the bottom of the Ftse Mib there is luxury: Yoox -3,54%, Ferragamo -3,18%, Moncler -2,93%. Saipem also falls -2,82% after having revised the forecasts for 2014 for both profit and Ebit.
Most banks close in positive territory athe day after the publication of the ABI estimates for the three-year period 2014-2016. In evidence Ubi +2,98% best stock of the Ftse Mib. Unicredit +1,34%, Intesa +0,61%, Banco Popolare +0,83%. They have disappointed the accounts of Deutsche Bank which in the second quarter recorded a collapse in both net profit and revenues and disappointed analysts' expectations. UBS, on the other hand, ended the quarter with a profit higher than analysts' expectations.
Among the best stocks of the Ftse Mib Mediaset +1,48%. Vincent Bolloré, the first shareholder of Vivendi, would be interested in a share of Mediaset Premium. He also did well for Enel Green Power + 2,15% after Bofa's confirmation on the buy and the improvement in the target price to 2,35 euros, Atlantiaa + 1,85%, Enel + 1,56%.
Among the other stocks, a positive debut in AIM for Mailup which gains 22,24%%. Mondo Tv also performed well, +14,19%, on the day of the announcement of the purchase by the Chinese entrepreneur Yin Wei, reference shareholder of Capital Media, of 10% from the majority shareholder of the Italian company Orlando Corradi.
