SPREAD AT 240 BP. THE SPANISH BONUS BELOW 4%
THE MPS RALLY ALREADY FINISHED, FIAT AND CNH DISRUPT
The Stock Exchanges retreat in a morning without ideas.
In Milan, the FtseMib index falls by 0,62% to 19.231 with widespread declines and limited trading.
The landscape hasn't changed other European markets: London -0,09%, Paris -0,31%, Frankfurt -0,13%. Madrid -0,58%.
The most relevant notes concern currencies and the bond market.
In fact, the recovery of the dollar continues, rising to 1,352 in the exchange rate with the euro, from 1,358 at the end of yesterday evening.
On the government bond market, the most significant news, also on a psychological level, concerns Madrid. The yield on the Spanish ten-year bond is 3,98%: it is the first time since October 2010 that it has fallen below 4%.
The 4,07-year BTP traded at 4,12% also improved from 240% yesterday, the spread fell to 4 (-XNUMX basis points).
Continue to Piazza Affari, the braking by Fiat 3,02% need Cnh Industrial -2,99%. Positive Pirelli +0,39% after confirmation of the dissolution of the shareholders' agreement.
Below Finmeccanica -1,57%, Ansaldo Sts -0,77% and StM -1,4%.
The fever among the banks goes out for Banca Mps -2,27%, Intesa rose by 0,33%. Among the insurance companies, Generali -0,64%, Fondiaria-Sai -0,9%.
Modest changes for the other bluc chips: Enel falls by 0,92%, Telecom Italia -0,7%. Eni also falls -0,48%.
Positive Mediaset +1,63%.
