Lo Btp-bund spread returns below 320 basis points and Piazza Affari recovers from the banks gaining the plus sign. The Ftse Mib closes at +0,21%. The other main European markets are also positive, weighed down in the afternoon by a weak start on Wall Street. Frankfurt rose by 0,21%, London by 0,16% and Paris by 0,11%. US price lists were conditioned by data on sales of new homes in the US which disappointed expectations: 313.000 units were sold, slightly below the January figure (318.000 correct) and below expectations by 325.000 units. At the close of the European lists, Wall Street was traveling in mixed conditions: the Dow Jones rose 0,22%, the Nasdaq fell 0,24%. Apple collapses by 9% by opening a small mystery that can apparently be explained by the error of one of the trading platforms. The euro closes against the dollar, rising slightly to 1,3260, while WTI oil regains 107,2 dollars a barrel.
While in Rome the labor reform is approved by the CDM after a river meeting of 5 hours, the tension on the EU's peripheral debt is once again making stock markets nervous. The Btp-bund spread fluctuated: it rose up to 334 basis points before returning to 318 and a yield of around 5%. The tensions invest above all Spain under fears of a default risk defined by the chief economist of Citigroup as "never so high".- The spread between the Bono and the bund flew to 366 points with a yield of 5,53% while the Stock Exchange of Madrid yields 0,86%. AND the ECB launches a crackdown on debt risk: in the governing council of 21 March it established that the national central banks of the euro area will no longer have to accept, as guarantee of their liquidity, bonds issued by the banks guaranteed by the states that receive a bailout. The tightening also affects the banks of countries that have an insufficient rating based on the minimum requirements of the ECB.
FONDAZIONE MPS, THE SELECTION OF COUNTERPARTIES PROCEEDS SPEEDLESS
PREMAFIN, TODAY DALLOCCHIO REPORT ON IMPAIRMENT
A Piazza Affari with the slowdown in the spread the banks recovered, mostly closing in positive territory: Unicredit +1,07%, Intesa +1,16%. Mediolanum rebounds +4,37%, after yesterday's sales on the accounts.
In red instead Mps -2,05% worst stock on the list on fears of a stalemate between the Foundation and the funds: even Equinox after Clessidra pulls the handbrake. The problems that widen the distance between funds and the Foundation revolve around the price, with the Foundation deeming the offers inadequate, and the housekeeper. According to the Reuters agency, the formal offer of the Optimum fund for 5% of the bank will arrive today. “The process of selecting possible counterparties to which to transfer stakes held in Banca Monte dei Paschi is proceeding expeditiously. Therefore, the interest and the objective of the Foundation to complete the transfer program proposed to the market at the time remain firm”, the Foundation announced today in a note released regarding the rumors about the separation of positions between funds and Body.
ENEL GREEN POWER RISES ON THE PLAN
Enel Green Power rose by 4,03%. who today presented the 2012-2016 strategic plan: the target for the EBITDA is around 1,7 billion in 2012, around 2,2 billion in 2014 and around 2,6 billion by 2016; payout confirmed at 30% and investments planned for 6,1 billion. Also highlighted are Buzzi Unicem +4,45%, Ferragamo +3,84% and Diasorin +2,97%.
A2A, DIVIDEND AT 0,013 EURO
A2A (-1,83%) closed 2011 with a loss of 420 million but will still distribute a dividend of €0,013 per share. On the face of Edf's takeover bid on Edison, on which the Consob verdict on the price is awaited, general manager Ravanelli said he was very confident "that the operation can be closed well because it is interesting and brings benefits both to A2A and Edison shareholders". And he added: “We know that Consob has made a request for additional information, but I would like to clarify that there is no plan B also because, he concluded, a price review, set by Edf at 0,84 euros per share, would same as the sale of 30% of Italian Edison to the French, would be unreasonable”. Among the worst stocks on the Ftse Mib followed by Snam -0,98%, Eni -0,78% and Tod's -0,66%. Premafin rises by 0,33%. Today Maurizio Dallocchio will present the results of the impairment test on the Fonsai shares to the top management of the holding. Meanwhile, Arpe and Meneguzzo have postponed the deadline of their offer, with the possibility of withdrawing, until 30 April.
