FIAT STARTS AGAIN. MONTE PASCHI VARIETY -5,3%
THE US RECOVERY SCARES THE LISTS. ABOUT THE BONDS
Loss of share i XNUMX-year T bonds (yields at 2,85%) the dollar rebounds. The Stock Exchanges faltered, only to then correct in the final stages, pending the Beige Book, the conclusions of tomorrow's ECB directorate and, above all, Friday's data on US employment.
In Milan the Ftse Mib index drops by 0,29% to 18.312.
They do worse other European lists. London -0,38%, Paris -0,57%, Frankfurt -0,9%. Madrid -0,67%.
It's better in the Usa: Dow Jones unchanged, S&P -0,02%, Nasdaq +0,14%.
on the government bond market a general rise in yields is underway: the 4,13-year BTP is trading at 4,08%, from 235% yesterday, but the spread with the Bund is unchanged at XNUMX.
In the afternoon, however, the usual ritual was repeated: every positive data on the US economy is seen as a step towards the dreaded tapering.
This time the fuse is triggered by the data on new homes. In October, 444 were sold, 15 more than estimated. The growth compared to the previous month is 25,4%.
As regards the job market, today it was announced that in November in the US the number of employed people in the private sector rose by 215 units, well above the 173 forecasts on average by economists.
Business Square reduces losses thanks to the final extension of Fiat +1,71%, second only to Diasorin +1,84%.
They advance Pirelli +0,91% and Finmeccanica +0,3%. Heavy drop for Prysmian -2,4%.
In Milan, the worst stock was Monte Paschi -5,29%, influenced by rumors according to which the MPS Foundation would like to sell its stake before the next shareholders' meeting on 27 December. In a note, the Foundation announced that "to date it has not initiated any sale of the ordinary shares" of the bank and specifies that "as of today" it holds shares equal to "33,5% of the ordinary and total capital" of the Sienese institute . The entity then reiterates that "after acknowledging the decision of the bank's board of directors to convene the shareholders' meeting with the proposal for a delegated capital increase with pre-emptive rights of up to 3 billion euros", to reserve itself "any determination in this regard, remaining determined to work for the safety of the institution, the safeguarding of its assets and, last but not least, the protection of its role in the territory".
The other institutes resumed in the final: Intesa +0,06%, Banco Popolare +0,37%, Unicredit +0,19%.
Generals -0,06%. Standard & Poor's reiterated that its decision to put the creditworthiness of the Lion on credit watch in view of a possible downward revision is attributable to the publication of the revision of the criteria on sovereign ratings. In the viewfinder the excessive exposure of the company to Italy.
Fondiaria-Sai -1,15%.
Telecom Italy closes at +0,07%. In view of the meeting called to resolve on the request for revocation of the board of directors in office advanced by the shareholder Findim, the proxy advisor ECGS (Expert Corporate Governance Service) recommends institutional investors to vote against the zeroing of the board. Remote reply from Marco Fossati: the Telecom Italia assembly of 20 December may not cause the current board to lapse, but the battle to push Telco out of the control of the Italian group will continue.
Heavy decline of Mediaset -2,8%: lowered the target price from 3,65 euro to 3,5 euro (neutral). Even that of the subsidiary Mediaset Espana (still neutral) drops to 8 euros.
