RUMORS ABOUT TIM BRASIL, TELECOM +5% FLY. SPREAD AT 200. THE BENETTON GROUP RUNS
Telecom Italia picks up the baton from Fiat as star of Piazza Affari. The Milan Stock Exchange +0,06% reduces the rise at the end of the morning, the Ftse Mib index at 18967 points. Paris +0,47% and London +0,26% are doing better, Frankfurt -0,39% is negative. Madrid +0,15%. Historic day also for the sovereign debt market. The spread between the Bund and the BTP fell to 200 basis points, down by two basis points compared to yesterday, we are at the lowest level since mid-2011. The BTP trades at 3,94% (-2 basis points).
According to the preliminary estimate released today by Istat, the average annual rate fell to 1,2% from the +3% recorded in 2012. In the month of December alone, inflation marked an increase of 0,2% on a monthly basis while it remained stable at 0,7% year-on-year. The recovery of the Spanish Bono is even more marked. Madrid's 3,89-year yield is 7% (-XNUMX basis points).
It's the day of Telecom Italy +4,94% following rumors about the short-term arrival of an offer for activities in Brazil from a consortium of local entities promoted and participated by Telefonica, reference shareholder of Telecom Italia and also owner of one of the operators primaries of Brazil. The company's denial does not find much credit, specifying that it "is not aware of any offer for Tim Brasil" and reiterates "once again, its strategic nature".
Fiat -0,29% remains in negative ground, on the wave of December car sales data. Among other industrialists, Ansaldo Sts + 1,96% stm + 1,22% Finmeccanica +1,65%. The decline in the yield of the BTP helps the banks. Unicredit + 1,21% Understanding +1,57%. Soar the Banco Popolare +2,07%. The Benetton galaxy deserves particular note: World Duty Free + 3,76% Rest +2,78% ed Atlantia +0,85%, on the wave of the generous increase in tariffs.
