Stock markets mixed mid-session after a strong start supported by incoming news out of Spain. The director of the international IMF Christine Lagarde he said Spanish banks would need less aid than the 100 billion euros planned. Meanwhile, reports the Financial Times, Madrid is negotiating with the European authorities the new package of structural reforms to activate it spread shield. The expectation is that next week the EU can approve a financial rescue plan for Spain, which Rajoy has so far been reluctant to ask amid fears about the conditions imposed. From the Greece instead we learn that the Troika, which will leave Athens at this time, will have to return in a week before issuing its report on the country.
Milan rises by 0,67%, Frankfurt by 0,20%, Paris fluctuates around parity while London loses 0,18%. The Asian Stock Exchanges closed just in positive territory: Hong Kong +0,7% and Shanghai +0,09%. The Btp-bund spread is slightly up to 342 basis points and a yield of 5% while the Bono bund spread is down compared to the opening at 417 points. The euro is on the rise again above 1,30 euro.
In Piazza Affari the banks go up: Mps +2,64%, Mediolanum +1,92%, Mediobanca +1,86%, Banco Popolare +1,66%. Telecom Italia also performed well +1,66%. At the bottom of the Ftse Mib instead Tenaris -1,06%, Stm -0,98%, Ansaldo -0,69%, Azimut -0,38%.
Runs Rcs (+5,84% to 1,618 after reaching an intraday high of 1,693) on the day of the meeting of the Syndicate Agreement who will take stock of the need to recapitalize the group. Atlantia +1,05% on rumors of a possible merger between the Benetton holdings. Next 25 September the Impregilo board of directors (+0,38%) should examine the agreement with the Salini group
