THE BONOS (AND TOKYO) RELAUNCH PIAZZA AFFARI
GENERALI TOPS, MEDIOBANCA AND BPM FLY
From Tokyo to Madrid, the Bull goes wild.
In Milan the index FtseMib rises by 1,35% to 15.419.
The main stock exchanges in the euro area rise but with less extensive variations compared to Business Square: Paris +0,8% and Frankfurt 0,35%. Madrid gains 1,36%. Outside the eurozone, London and Zurich lose 0,1% and 0,48%.
The Tokyo Stock Exchange +2,2% exploded after the announcement of the aggressive monetary policy moves announced by the Central Bank: the index Nikkei closes at high after recovering a loss close to 2%. Among the main measures is the expansion of the purchase of government bonds, including long-term ones, and other riskier financial assets at an annual rate of approximately 50.000 billion yen (about 420 billion euros).
La Spain placed 4,3 billion euros of bonds with various maturities, 300 million euros more than the target of the issue.
In detail, Madrid placed 3,057 billion securities in 2016, 0,59 billion in 2018 and 0,66 billion in 2021. I returns are on the rise overall. The 2016 Bono was placed at 3,019% from 2,632% in the previous auction. 2018 to 3,598% from 3,557% of the March 21 issue. 2021 to 4,47% from 5,517% in November.
Slight improvement of BTP: the yield falls to 4,50%, the spread shrinks to 322 (-7 basis points).
The markets are awaiting today's decisions Governing Council of the ECB (13:45 pm).
while waiting theeuro is down to 1,279 from 1,285 vs dollar, recovers some positions against the franc to 1,2151 and climbs strongly against the yen to 121,96 (+2%). The Bank of Japan kicked off a series of monetary stimulus measures this morning.
Halls in Piazza Affari Generali +2,39% after placing 12% of with institutional investors General Bank (-5,5%, 13,85 euros) at a price of 13,55 euros per share.
Telecom Italy +2,71%, according to rumors relaunched by Repubblica, the hypothesis of a merger with 3, the Italian subsidiary of the Chinese group H3G, is gaining ground. At least this seems to be the will of Franco Bernabé (already in favor of the Sawiris proposal) while Telco shareholders don't seem so eager to lose control without cashing in any money.
Among the utilities: Enel + 2,14% A2A + 3,83% Eni + 1,37%.
Banks also go up, with the exception of MontePaschi, down 1,2%, to 0,17, close to the lows. From today, short selling is possible again. Unicredit salt by 2,59%, Understanding + 2,12% Mediobanca + 5,61%. Pop. Milan + 4,79%.
Fiat 0,59% salt, Finmeccanica + 1,66% stm -0,9%.
Ansaldo Sts it advanced by 0,52% after announcing that it had been awarded a 120 million euro contract in Morocco. Indesit falls -2,5%, victim of the downgrading of Goldman Sachs which lowered the rating to sell from neutral.
Moleskine -3% to 2,20 euros, away from the 2,30 euros of the placement on the Stock Exchange which took place yesterday.
