La European Commission he reiterated that from the EU summit meetings tomorrow and on Friday in Brussels “decisions are not expected concerning the financial and economic situation of Greece and Spain“. While awaiting the outcome of the summit, Stock market and spreads nonetheless reacted positively to the improvement on the Spanish front, with Moody's decision to spare Madrid the rating cut leaving it in the investment grade club and the intensification of rumors according to which Germany would be willing to approve a credit line credit for Spain, which the country has no intention of using, so that the heavy austerity rules linked to a real bailout plan would not be triggered but which could be activated instead Draghi's OMT mechanism.
Lo Btp-bund spread it drops to 313 points from 329 at the opening with a yield down to 4,76%. The Bono-bund spread drops to 382 points from the opening above 400.
Milan rises by 1,56% above 16.233 points, Frankfurt +0,25%, Paris +0,76% and London +0,69%.
On the third day of the offer, the Btp Italia reached requests for a record 10,17 billion euros (5,1 billion today only). Subscription closes tomorrow.
Greece too, according to Prime Minister Georgios Samaras, appears to be close to an agreement with international lenders that would unblock aid to the country on the brink of bankruptcy. “I am confident that we are doing everything necessary to arrive (to an agreement) and to arrive early, so that we can start a recovery,” Samaras said. The situation is dramatic: today Finance Minister Yannis Stournaras, speaking in Parliament, said that without aid from international creditors, the country risks dying of "asphyxiation".
A Wall Street the indices open lower weighed down by the disappointing quarterly results of Intel and IBM. Thanks also to the brilliant data on US construction activity, which surprisingly jumped in September to the highest levels of the last four years (+15% new construction sites), at the end of Europe the Dow Jones and the Nasdaq were in conflict close to parity. euor against the dollar rises to 1,3131.
A Business Square it was a day of widespread increases on the entire price list. A2A shines in particular on rumors of a debt-cutting business plan: +7,63%, best stock on the list. The banks are also doing well with Mediobanca standing out on the Ftse Mib at +5,38% and Mps at +4,71%. Today, the monthly report by the ABI highlighted that the burden of non-performing loans at the realizable value of the banks rose to 65,7 billion, 20,7% more than in August 2011, while loans to households and businesses at an all-time low. "There is no demand for credit for investments" noted the Abi chief economist, Gianfranco Torriero, "but only for restructuring".
Well Fiat too +3,63% thanks to the positive assessments of some analysts thanks to the markets of Brazil and the USA in view of the results of the third quarter. Stm rises by +3,61%.
Thump of Impregile it -4,09% worst index of the basket with downward suspension. According to the analysts of Banca Akros (rating reduced on the stock to accumulated hold) the price of the sale of 23% of Ecorodovias was disappointing. Following the sale, the CEO of Salini spoke of a possible extraordinary dividend. At the bottom of the Ftse Mib also Azimut - 0,57%, Terna -0,41%.
