Closing sharply higher for Business Square which today detaches the other European Stock Exchanges, albeit positive, and archives the fifth consecutive rise (+5% in five sessions). The Ftse Mib closed at +1,33%, led by the banking sector: Unicredit +3,55%, and Intesa +1,74%, which also benefit from the opinion of JpMorgan. Banco Popolare +3,4% and Ubi +3,3%. Mps +3,7% rebounds after sales following the announcement of the 2,5 billion capital increase.
Bpm jumps more than 7%, better than the Ftse Mib. Piazza Meda also benefits from the declarations of Andrea Bonomi who, on the sidelines of the Abi executive committee, hoped to be able to transform the institute from a cooperative to a joint stock company.
Political tensions are easing on the list after the postponement of the vote in the Senate Council for Silvio Berlusconi's dismissal from the office of senator. Pd and Pdl they seem to be looking now for a deal to keep the Government alive looking for a deal to keep the Government alive. Mediaset also stands out +3,2%, also driven by the good indications on the trend of television advertising anticipated by general director of Rai Gubitosi in an interview with Il Sole 24 Ore. The news gives wings to the entire publishing sector: L'Espresso gains over 11%, Rcs 7%, Cairo almost 3%. The Btp bund spread travels at 253 basis points while the Bonos bund differential remains below 250 basis points, albeit also slightly up. "If we make wrong choices, these could be worth, for example, between now and the end of the year 1 billion, 1 and a half billion euros more in terms of the cost of interest rates," said Prime Minister Letta. Today, the Italian Treasury placed 11,5 billion euro of bonds, of which 8,5 billion in annual BOTs, with results in line with expectations in terms of yield at 1,34% from 1,053% at the bond auction. last August. But expectations for tomorrow's three-year Btp auction are for a rate hike to 2,8%.
Le other European squares the session ended less tonic: Frankfurt +0,58%, Paris +0,06%, Madrid and London +0,07%, here the unemployment rate dropped to 7,7% in July.
At the closure of Europe the Dow Jones went up 0,38% while the Nasdaq it dropped 0,48%. On Wall Street there is disappointment with yesterday's presentation of the new iPhone models. Verizon has launched a record $49 billion bond issue. On the macro front, US wholesale inventories grew by 0,1% in July compared to the previous month, below the expectations of analysts who expected a rise of 0,3%. On the foreign exchange market, the euro is up against the dollar at 1,33102 while it is weak against the yen at 133,03. Oil is up 0,29% to 107,7 dollars a barrel.
Telecom (+1,16%) it closed higher on rumors about a possible Telefonica offer to other Telco shareholders. At the bottom of the list, Stm dropped 1,5% on rumors according to which it might no longer be the supplier of some chips for the new iPhones.
