Thanks to the tow of the banks, the European banks recover. The Ftse Mib index rose by around 1,4% to 16.888, slightly above 1% Frankfurt ahead of Paris and Madrid +0,8%, London limits the increase to 0,1%. Tech and Automotive also performed well, both with progress exceeding one percentage point.
Euro down slightly against the dollar at 1,1168. On the bond market front, government bond yields showed little change. 0,08-year German Bund -XNUMX%. They go down new all-time lows for BTPs. In today's auction, the rate on 5-year bonds stood at 0,19% (-7bps), updating the all-time low marked in the July auction. The same fate also happened for the ten-year bond: the yield dropped by 9 basis points to 1,14%. The CcTeu are also at lows with a gross yield of 0,32% (-6 basis points on the previous auction).
Il earthquake that hit last week Amateur, Accumoli and Arquata del Tronto will not have material consequences on the credit profile of the securities backed by residential mortgages. A Moody's report dedicated to 'residential mortgage backed' (RMBS) bonds writes it.
A historic slap: the European Commission contests ad Apple Lossless Audio CODEC (ALAC), undue tax benefits for 13 billion euros granted by Ireland. The violation of European rules on state aid, it is accused, "has allowed Apple to pay less taxes than other companies." Now the ball passes to the Irish Revenue.
Increases of more than 2% for the financial sector. On shields Unicredit +2,8%: for once, the stock is not driven by the sale of assets but by the news that the bank is preparing to sell 20 billion in non-performing loans (non-performing loans) supported by state guarantees. Mps grows by 2%. Yesterday the board examined the possibility of proposing to the holders of subordinated bonds (above all institutional, but perhaps also retail) the conversion of loans into new shares Ps. If the plan goes through, the increase will consequently drop by 1,5-2 billion to around 3 billion. The other banks also rose. Pop. Emilia +3%, Intesa +2,2%, B. Popolare +2%. Generals +2,7%.
The quotations of the crude in London, they were up on the suspension of production in the Gulf of Mexico due to an approaching tropical storm and on speculation that the meeting of producing countries in Algeria next month will act to push prices higher. Shortly after 12 noon, Brent futures in London gained 0,79% to 49,65 dollars, while the US derivative was up 0,83% to 47,37.
Eni +1,5%. Norway's petroleum safety authority (PSA) has asked for plans on how to prevent future power shortages at the Goliat platform in the Barents Sea. Production has stopped since Friday. Saipem +1,5% is working on the launch of the bond that will serve to repay the 1,6 billion bridge loan obtained by the banks downstream of the spin-off from Eni. Yesterday the company started the tour of meetings with institutional investors. Tenaris +1%.
In the rest of the list:
- Salt fca +2%, in an interview with Bloomberg TV, Sergio Marchionne explains that the company does not aim at simply selling Magneti Marelli to Samsung but at opening a technological alliance with the Koreans for self-driving cars.
- Enel +1,2%. Launch of the first energy exchange park between electric cars and the grid, operating in Denmark, thanks to the collaboration between Nissan, Enel and the Californian company Nuvve. V2G allows full integration of electric cars into the national electricity grid.
- Telecom Italy +2,4%, Vivendi does not write down the investment on which it has a theoretical loss of 1,3 billion. The French group has announced that the summons presented by Mediaset +2% to the Court of Milan to obtain the execution of the Premium agreement have not been notified.
– Advance Rcs +1,2% awaiting the decision of the Lazio Regional Administrative Court on the appeal by Imh, Pirelli and Della Valle against the Consob decision not to suspend the Cairo takeover bid.
- Diasorin it rises by 2,7% and reaches 58,40 euros. The Italian diagnostic group has an agreement signed with Beckman Coulter Diagnostics to supply Liaison XL tests for hepatitis A, B and C, as well as HIV testing in the United States.
