Piazza Affari lengthens its pace. The Ftse Mib index is up by 2,33%, exceeding the threshold of 16.000 points.
The spread between the BTP and the Bund falls below the 350-point threshold. The differential between the Italian and German 349,2-year bonds is around 5,067 points with the yield on the BTP at 10%. The spread between the Spanish bond and the 413-year German bund fell to 514 basis points. In two days the differential, which scored 100 points on Wednesday, lost more than XNUMX points.
The bankers run.
Intesa Sanpaolo +4,49% represents second Chevreux the best way to play the probable rally of Italian banks: the French broker has raised the target price to 1,65 euro from 1,50 euro, the judgment remains outperform. Unicredit advances by 5% following the anti-spread plan. The bank has 40,9 billion Italian government bonds in its portfolio, equal to 0,9 times the tangible assets and equal to 2,2 times the market capitalization.
Eyes also on Ps +6,76% and Where's Banca + 4,23%.
Generali is up 2,8%. Purchases also on Azimut +2,8% and on Mediolanum +2%.
Sprints by Mediaset in Piazza Affari, which takes the lead in the basket that makes up the Ftse Mib index (+2,3% to 16.145 points). The Alfa stock, frozen due to excess volatility, was immediately readmitted and shows an increase of 8,56% to 1,78 euros.
Fiat earn 2%. In the automotive sector, the leap of A dog, released yesterday from the Cac 40 blue chips basket, the four-wheeled house has been replaced by Solvay.
It stands out among non-financial companies stm + 2,5%.
Finmeccanica is up 1,5%. Last night the rival Eurocopter, the world's largest helicopter maker, said a strong recovery in demand is underway in the United States, thanks to the recovery, revenues for the current year should close at record levels. Finmeccanica controls Agusta Westland.
This morning Mediobanca released the list of stocks to bet on in a scenario of narrowing the spread in the aftermath of the ECB's announcement purchase of unlimited government bonds. In the top eleven is Finmeccanica together with Atlantia, Beni Stabili, Enel, Eni, Italcementi, Lottomatica, Luxottica, Prysmian, Telecom Italia and Mediaset.
Ansaldo Sts it is up 1,3% after the news of large investments by China in the subway segment.
Eni gains 1,5% the day after the closure of the investigation by the Antitrust which requires the company to auction 5 billion cubic meters of gas transport capacity. The price of oil showed little change, Brent-type crude futures rose by 0,1% to 113,6 dollars a barrel.
Also highlighted are some utilities. Janl salt of 2% ed A2A 1,8%.
Atlantia earns 1,6%. The company today launched a new seven-and-a-half-year (March 2020) bond benchmark.
La Athens Stock Exchange opens today up, registering +0,75%. After long years of delays, privatizations are opening up in Greece. In fact, the Council of Ministers decided to abolish the minimum quota that the Greek state had to hold for each listed company. Thus it will be possible to start the procedures for the privatization of nine large state-owned companies, such as the oil company (Elpe), the electricity production company (Deh), the football betting company (Opap ), that for horse betting (Odie), for the companies for the waters of Athens and Thessaloniki (Eydap and Eyath), the Postal Company (Elta), the companies that control the ports of Piraeus and Thessaloniki (Olp and Olth) and 10 other minor ports.
