OECD: ITALY IS IMPROVING. BUSINESS PLACE STILL ON THE RISE
MPS TILT THE INDEX. INTESA FILL UP WITH BOND
Piazza Affari advances, the brightest among the price lists of the Old Continent.
The FtseMib index rises by 0,30% to 22.540 (but the non-survey of Monte Paschi weighs on the figure), London falls by 0,54%. Paris and Frankfurt +0,16% are up slightly. Madrid almost unchanged +0,02%.
La industrial production in Italy in April it grew by 0,7% on the previous month, better than expected (+0,4%).
The Italian GDP has registered a decrease of 0,1% on a quarterly basis and of 0,5% on a trend basis in the first quarter of the year. The leading indicator of the OECD, which anticipates the economic trend, signals the recovery trend in Italy, the only country with the plus sign.
On the market for government bonds, the BTP consolidates after the gains of the last few sessions: the yield is at 2,73%, from 2,70% yesterday, the spread is at 135 (+3 basis points).
Il exchange euro Dollar is indicated at 1,358, little moved.
Stay on the roller coaster, on the second day of the capital increase, Monte Paschi di Siena. The title continues to be priceless, due to the excessive distance between the proposals. Yesterday, the stock priced only at the close, finishing up 20% at 1,848 euros compared to Friday's adjusted reference price of 1,54 euros. Rights lost 6,93% to 21,5 euros. The teric price on Reuters terminals this morning was 2,216 euros.
The FTSE, the company that calculates the Mib 40 index of Borsa Italiana announces that from today it will recalculate the index taking into account the capital increase of the bank of Siena. The index will be recalculated starting from the situation in place at yesterday's opening by applying an intraday variation that incorporates the new calculation method.
As regards the other banks, after a declining start, they show moderate increases: Unicredit +0,7%, UBI +1,1%.
Understanding +0,38%. The institute placed 7 billion euro of 1-year senior bonds on the debt market. Demand reached 3,4 billion. The rate is 98 points over the midswap.
Banca Carige rebounded by 5,6% to 0,4185 euro, yesterday it closed with a loss of 2,6% to 0,41 euro, moving against the stock market trend (+0,8%). The Foundation sold 10,86% of the capital to a group of institutional investors with proceeds of around 91,2 million euro. His stake thus fell to 19%.
Positive Mediolanum + 1,2%.
Continue the march of Mediaset + 1,32%.
He still suffers Italcementi – 2,7% on the second day of the capital increase.
Enel advances +1,36%. A2A brakes -0,22%. Saipem resists +0,1% despite the news that Bulgaria has decided to block work on the South Stream gas pipeline.
Eni +0,26%. The six-legged dog has secured a search area in South African waters. Down for Fiat -0,38%, Avanzano StM +1,05% and Finmeccanica +0,45%. Atlantia climbs +0,99% and reaches the new highs since January 2008 at 21,50 euros.
This morning Goldman Sachs he reiterated the buy by raising the target price to 24 euros.
leap of Aeffe +7%: the stock benefits from the Mediobanca report which raised the rating to Outperform from Neutral and set a target price at 1,90 euro.
Finally, Tiscali -3%, after the new postponement of the approval of the 2013 budget.
