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Piazza Affari is positive: the auctions of Ctz and Btpei are good, the rebound of Mps continues

The Treasury placed Ctz for 4 billion with a yield down to 1,45%, Btpei also placed for 2,62 billion – Spread below 250 – Euro at 11-month high against the dollar – Montepaschi's recovery continues on the stock exchange, in first place among the increases in the Ftse Mib - The other banks also did well - Leap of A2A and Iren - Positive Fiat and Fiat Industrial.

Piazza Affari is positive: the auctions of Ctz and Btpei are good, the rebound of Mps continues

The index Ftse Eb gains 0,44%, to 17.805, while the other European markets fluctuate around parity. London gains 0,02%, Paris +0,03%, Frankfurt -0,01%Ctz auction confirmed the positive trend of sovereign debt. The Treasury has placed 4 billion euros of Zero Coupon Treasury Certificates maturing at the end of 2014 and yielding 1,45%, down from 1,88% last month and the lowest since March 2010. Also placed 2,62 XNUMX billion euro of Btp linked to inflation. 

Lo spread Bund Btp is 249 basis points (+1 basis point). The BTP yields 4,15%. The euro traded against the dollar at 1,344 from 1,346 at the close, on the highs of the last 11 months. Wti-type oil trades at 95,9 dollars a barrel, little moved and on the highs of the last 4 months. Gold falls for the fourth consecutive day and trades at 1657 dollars an ounce.

It continues in Piazza Affari the recovery of Monte Paschi, which is now worth 0,2716 euros (+4,54%). The chairman Alessandro Profumo says that the 4% limit on voting rights will be lifted and talks about the possibility that a long-term financial partner will enter the capital.

The other banks were positive, but with modest variations. Unicredit + 0,09% Understanding + 1,35% Ubi + 0,72% Mediobanca + 1,82% Banco Popolare + 1,46%. Bank Ifis rises by 3,5% after the advances on the 2012 financial statements. Good rise by Mediolanum, +3,28%, after Deutsche Bank raised its buy recommendation from the previous hold (the target price was raised to 5,5 euros from 3,8 euros). The same broker raised the target price of to 14 euros from 10,5 euros Azimuth. And the title rises by 0,71%. 

leap of A2A + 4,44%. Iren + 2%. Fiat Industrial up 1,48%: Bank of America Merrill Lynch raised its target price to 9,7 euros from 9,2 euros. Fiat it is up by 1,04% two days after the board of directors on the 2012 accounts.

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