The markets like it Operation Espirito Santo, or the intervention of the Lisbon authorities to save the healthy parts of the institution, parked in the Novo Banco while the toxic items will remain in the old institution transformed into a "bad bank" on the shoulders of junior members and bondholders.
In Milan the FtseMib index it advanced by 0,89% to 20.544 . Fixed income also benefits. The 2,963-year yield falls to 162%. The spread drops from 156 to XNUMX bp.
The Exchange of London 0,49% salt, Paris advances 0,75%, Frankfurt + 0,28%. Madrid + 0,55%.
At the center of trade the banking sector: the Stoxx credit index rises by 0,75%. In the business square Unicredit gains 0,6%, Intesa +0,7%. The institute created the Central International and Regulatory Affairs Department, entrusting its leadership to Stefano Lucchini, former director of Eni communications. Ubi +0,8%.
Instead, they are declining MontePaschi -1,1% and Banco Popolare -1,2%. Carige is also on positive ground +0,6% after the half-year accounts closed with a net improvement in loss compared to the same period of 2013.
In Paris, Bnp Paribas and SocGen rose by 1,5% and 1,2% respectively. In Spain BBVA and Santander both earn 0,9%.
In managed savings the sharp drop in Azimut – 2,6% should be underlined. On the contrary, a positive session for the insurance companies: the Generals +1,2%, rewarded by the judgment of various brokers including cu Kbw and Credit Suisse. Axa rises by 3,2%. In the automotive field, Fiat falls -0,4%. Positive Pirelli +0,8% and Brembo +3,6%, Finmeccanica +0,3%, StM unchanged, while Prysmian shows a drop of 2,5%.
They advance both Enel +0,2% than Eni +0,4%, Telecom Italia gains 0,5%. The worst stock is Yoox, down 3,8%. The downgrade of Natixis to 8,5 euros from 9,5 euros, with a neutral recommendation penalizes World Duty Free -3,66%.
Sales prevail over the entire luxury sector: Ferragamo -1,3%, Tod's -1,1%, Moncler +1,4% is positive. Note the leap of Banca Ifis +3,9% after the positive results of the second quarter. Among the minor titles, Bialetti's boom +12,3%
