Equity lists are slowing down after a four-day rise. While waiting for the agreements on the banks to take shape, starting with Monte Paschi, the securities of the sector are subject to high volatility. Also for this the Ftse Mib index it closed with a drop of just over 1,1% at 18.559 points, the worst performance among the European Stock Exchanges. Slightly down Frankfurt and Madrid. Paris +0,3%. London is also on positive ground. The profit taking on the pound prevailed on the day of Theresa May's inauguration as prime minister of Great Britain: the currency changed hands for 1,3187 dollars (from 1,3241 dollars). The Euro-Sterling is equal to 0,8415 (from 0,8356).
The percentage of shareholders of Deutsche Boerse in favor of the merger with the London Stock Exchange it exceeded the 50% threshold in the afternoon.
In addition to the banks, the figure on inflation weighs on Milan, down by 0,4% last June compared to the previous year. The Btp/Bund spread has risen to around 134 points, despite the Italian 1,12-year bond remaining close to the recent low of XNUMX%, the lowest level since March last year.
The Italian Treasury placed this morning 7,5 billion Btp at 3, 7, 15 and 20 years, with yields falling to record lows on all maturities except for the three-year (-0,04%). The Italian 1,12-year bond remains close to the recent low of 4,038%, the lowest level since March last year. Germany sold XNUMX billion euros of the new one XNUMX-year Bund, the first offered at zero coupon. The stock posted a negative return of 0,05%.
Profit-taking rained down on bank shares, after the excellent performance on the eve. Banco Popolare and Ubi lost more than 6%.
It also slows down Unicredit -3,5% after a session characterized by volatility: during the day the share fluctuated from a minimum of 2,0120 euros to a maximum of 2,21 euros. The market expects Mustier's next move to come from Turkey. After the sale of the shares in Fineco and Bank Pekao, it may soon be Yapi Kredi's turn. Bene Mediobanca +0,79%.
Above all, she was the center of attention Monte Paschi +5,39% on the hypothesis that the Sienese bank will soon be able to get rid of 10 billion net non-performing loans, as requested by the European Central Bank, which however has given three years to complete the operation. After a maxi-securitisation, Rocca Salimbeni will most likely have to proceed with a capital increase which should be guaranteed by the state.
Plus sign for too Banca Carige +4,08%, with a leap of 27% in the last four days (against 24% of Mps).
The American Stock Exchange is on parity. The S&P500 index gains 0,1% to 2.154 points. Dow Jones unchanged.
There are no relevant macroeconomic data, pending tomorrow's publication of the JP Morgan Quarterly -0,5%. According to the Bloomberg consensus, the largest US bank will report earnings per share (EPS) of $2016 in the second quarter of 1,43, down 4% from the second quarter of 2015.
Il dollar it weakened on the euro to 1,108, from 1,105 at the close.
Il Brent oil it lost 1,4% to 47,7 dollars, after crude stocks surprisingly increased by 2,2 million barrels.
On the corporate front the most interesting ideas concern pharma: Juno Therapeutics Gains 24% as the Food and Drug Administration lifts a stop to the clinical development of an anticancer drug. Amgen rises by 0,2% pending the green light for the low-cost drug for the treatment of rheumatoid arthritis.
Returning to Piazza Affari, beyond the banks, the thud of Telecom Italia -5,27% to 0,6590 euros (yesterday it gained 4,5%). Moody's confirmed the BA1 rating with a negative outlook.
It stands out among the oil companies Saipem +2,4%. Exchanges pushed the quotation to levels not seen since April at 0,4370 euros, despite the sharp slowdown in Brent (-4,5% to 46,30 dollars) following disappointing data on US inventories. For the oil industry services company it is the fifth hike in a row.
. The RCS challenge is hotter and hotter. The takeover bid launched by Cairos, which until yesterday had received formal subscriptions for 9,5%, received the subscription of the Antares funds (3,5% of the capital) in the afternoon, while the bid by the consortium Imh rose in meanwhile, with purchases on the market made during the day, at 26,42% (from 24,25% yesterday evening), thus getting ever closer to the minimum threshold for accepting the promoted offer, ie 30%.
