BANKS AND THE COUPON EFFECT: MILAN IS THE WEAKEST
OIL OILS HOLD ON, FINMECCANICA STILL RISES
Bad start to the week Business Square, conditioned by the decline in the banking sector and by negative data on the economic situation in the Eurozone.
At the end of the day the Ftse Mib index it loses 1,33% to 21694. However, the figure is influenced by 0,3% by the detachment of the coupons of various blue chips including Enel 0,3% and A2A +1,3%.
Little moved the spread, the yield of the 10-year BTP drops to 2,793%.
Lesser the losses on other European Stock Exchanges: London -0,36%, Paris -0,57%, Frankfurt -0,66%. Madrid loses 0,36%.
Weak too Wall Street despite the encouraging data on home sales and the positive adjustment of the PMI. After hitting a new all-time high on Friday, Wall Street's S&P500 index dropped slightly (-0,1%) in the middle of the session. The Dow Jones and Nasdaq also fell 0,1%.
The Markit PMI index of US manufacturing rose to 57,5 in June from 56,4 in May, a four-year high, economists had expected a drop to 56.
In the USA new home sales rose to 4,89 million in May (annualized figure), 4,9% more than in April, economists had expected 4,74 million homes sold.
Meanwhile the euro weakens to 1,358 from 1,360 yesterday. The BTP strengthens and its yield drops by four basis points to 2,90%.
Il Wti-type oil it retreats after two consecutive days of increases and trades at 106,5 dollars a barrel (-0,4%).
Eni it rose by 0,6%, in line with the Stoxx index of oil companies. Saipem is down 1,4%. In the USA. Chevorn gains 0,5%, Conoco Phillips +1%, Occidental Petroleum +1,1%. Exxon gains 0,3%.
Bad day for the credit sector.
On the starting day of the capital increase Popular Emilia lose 2%. The membership fee loses 10% at 0,605 euros.
Meanwhile MontePaschi, on the first day of exercise of the rights, decreased by 1,3%.
Understanding -0,8%, Unicredit -1%. Popolare Milano -0,5%, Banco Popolare -2,6%, Ubi Banca -0,6%.
Finmeccanica it is on the third consecutive day of gains, the stock rises by 2,9% and reaches levels it hasn't seen since March. Equita raised its recommendation to Buy from Hold this morning.
Ansaldo Sts +0,9%: the Alstom agreement between the French state and GE makes a sale (or an alliance) more probable for the railway signaling company. Telecom Italia drops by 1,1%.
In sharp decline Mediaset -2% waiting for news on the TV rights front..
