Mediaset and Telecom fly to the stock exchange, Btp auction ok: the spread drops

Good demand for the six billion BTPs placed this morning: rates up slightly for the five-year (3,38%), stable for the ten-year (4,46%) – Spreads down – The IMU agreement gives Piazza a boost Business: Mediaset flies, Telecom and Gtech are doing well – Business confidence is growing – The silence of arms in Syria causes gold and oil to drop.

Success for auctions on BTPs. The Treasury sold 3,5 billion of the new five-year BTP maturing in December 2018, reaching the maximum amount set. Rates are up to 3,38% from 3,22% in July. Also placed 2,5 billion of the ten-year BTP in March 2024, the maximum amount set, with stable yields at 4,46% recorded last month. The most encouraging aspect is the influx of demand: the 1,53-year bid to cover rises to 1,35 times from XNUMX at the end of July.

Meanwhile the BTP-Bund spread drops to 251 points. The gap between Spanish and German bonds is equal to 263 points.

In Milan the FtseMib index it rises by 0,91%, to 16697. London gains 0,73%, Paris and Frankfurt +0,4%. Madrid +0,31%.

The agreement on the Imu gives sprint to Piazza Affari, the stock market leader on a positive day thanks to the fact that the military attack on Syria does not seem imminent. Again the title Mediaset (+4,2%) proves to be a faithful indicator of the Italian political temperature. Celebrate too Gtech (+2,3%): the tax drain on games will be only 25 million euros (against the feared 100).

Meanwhile, the confidence of manufacturing companies continues to grow, recording another record in August since December 2011.

The Syria effect is being felt on energy prices. After two days of rising, the Petroleum this morning it marks a drop of 1,2% with Brent at 115 dollars a barrel and Wti at 108,7 dollars. Reverse also ofgold, which has five consecutive sessions of gains behind it: the metal is trading at 1.407 dollars an ounce, down 0,7%.

The sector is in great turmoil tlc (Stoxx +3,7%). To unleash the markets is the British Vodafone (+9%) after the agreement in America for the sale of its 45% of Verizon Wireless to partner Verizon Communications for $130 billion. The fever of Me&A in the sector favors Telecom Italy (+2,97%). France's Orange gains 2,6%.

The lower tension on BTP rates favors banks and utilities. In credit it still stands out Ubi (+ 2,31%). Unicredit + 1,44% Understanding + 2,40% MontePaschi +1,45%. Little move Generali (+0,54%), more brilliant Fondiaria-Sai (+ 1,03%).

Operators reward the very positive accounts of Brunello Cucinelli (+4,03%). It also rises, on the day of reckoning, Ferragamo (+ 4,49%). Yoox + 5,73%.

Among industrial stocks, Fiat 0,69% salt, Pirelli + 2,23% Finmeccanica + 0,48% StM + 1,53%.