Piazza Affari slows down, together with Madrid (-0,38%) bringing up the rear among the European lists, in a conditional session at the beginning ofOECD alarm on the loss of speed of the global recovery which could herald a new season of low growth. In Milan the Ftse/Mib index (-0,32%) drops to 20.387. London advanced by 0,21%, Paris +0,22%, Frankfurt unchanged.
European markets await updates on Spain's sovereign ratings from Moody's (outlook stable, rating Baa3), and Ireland and Austria by Fitch (stable outlook on the respective ratings, BBB+ and AAA).
Lo spread between 194-year BTPs and their equivalent German Bunds, it opened down to 196 points, against the 3,63 points of yesterday's closing. The yield is at 189%. The Bonos/Bund differential scores 3,58 points, for a rate of XNUMX%.
With the markets closed tonight, the quantities of the Bots to be auctioned next week will be announced as part of the month-end placements. Yesterday the Treasury announced that it will offer investors 2-2,5 billion Ctz December 2015 and 0,5-1 billion Btpei September 2018
In Milan it stands out Telecom Italy (+0,87%). According to rumors, during CEO Patuano's visit, the Brazilian government would have spoken out against Tim Brazil's stew, pronouncing itself in favor of a merger with Gvt. But analysts point out that the solution doesn't match Telefonica's strategies.
Blackrock has become the second shareholder of Intesa Sanpaolo (-0,54%) with a share of more than 5%. The US giant of investment funds, which already owns about 10% of Telecom Italia, holds 5,004% of the Bank, overtaking Fondazione Cariplo, which owns 4,946%. The first shareholder remains Compagnia Sanpaolo with 9,713%.
Mount Paschi + 0,11% Unicredit -0,68% Banco Popolare -0,42%. Back off Tenaris (-0,81%) after the 2013 accounts in line with the consensus. But forecasts for 2014 influenced the stock: the results will be affected by the decision of the US Department of Commerce which did not approve restrictive anti-dumping measures against South Korea (the negative impact is 100-150 million dollars according to Mediobanca Securities) and the continuous delays in projects in Brazil.
Among industrial stocks, it goes up StM (+ 0,74%), Finmeccanica -0,91% Fiat -0,33%. Among the oil producers, Eni drops by 0,29%, Saipem + 0,41%. Enel-0,7%. Down Cleansing (-0,92%) after the leap on the eve (+12,3%): the market is skeptical about the success of Luigi Zunino's attempt.
