PIAFFA BUSINESS CANCEL ALL 2012 LOSSES
THE FLIGHT OF MEDIASET, SUPER BANKS CONTINUES
Danke, Frau Merkel. The words of the German chancellor in his first public statement after the holidays have accelerated the upward thrust of the price lists, starting from Milan and Madrid. Speaking in Ottawa in a joint press conference with Canadian premier Stephen Harper, frau Merkel said to be "in line" with the anti-crisis strategy of the president of the European Central Bank Mario Draghi, urging European partners to move quickly towards greater fiscal integration and reiterated that all European leaders "feel committed to doing everything possible to maintain the single currency".
In the wake of these statements in Milan, the Ftse Mib index rises by 1,4% and cancel year-to-date losses. Frankfurt, London and Paris are up by 0,3%, Madrid by 1,6%. The euro is unchanged against the dollar at 1,235.
Little mossor the Bund Btp spread: 424 basis points on the 10-year maturity and 321 basis points on the 2-year maturity.
But there is no shortage of news on the government bond market, the signs of an exit from the emergency can be seen in the 21 basis point drop in the yield on the Portuguese government bond at 4,38%, lowest since March 2011.
La Finland leaves the group of countries considered ultra-safe, those for which it is necessary to pay in order to have the privilege of lending one's money, the yield on the Finnish two-year bond is no longer negative.
Il Brent crude fell below $114 a barrel after the United States said it was considering using oil reserves to cool prices, and the Israeli president openly opposed a lone Israeli attack on Iran. Buoyed by fears that conflict over Iran's controversial nuclear program could lead to war, the price has risen by more than a third in less than two months.
In Milan the recovery of the banks continues. Unicredit +2,2%. During the week, the bank in Piazza Cordusio placed a 750 million bond Intesa +3,3%, Ubi Banca +2,8%, Mediobanca +3,6%. Monte Paschi +7,3% after the words of Alessandro Profumo: "With the increase in profitability we will return to paying dividends". For the president of the institute, the Foundation will have to reduce its quota. New leap forward by Mediaset + 4,5%. Since mid-June, the stock has gained 36%, in the last sessions it has risen with very strong volumes.
Industrial companies are on the rise. Finmeccanica +5,2%, Fiat +2,7%, Fiat Industrial +2,5%. Pirelli rose by 2,2% and the parent company Camfin by 3,6%. Prelios rebounds after three bearish sessions. Tensions remain high between the Tronchetti Provera family and the Malacalza family, the two subjects who share control of the group.
Rest salt by 3,7%.
