REGINA BUSINESS PLACE, TELECOM RUNS
THE SPREAD GOES DOWN, THE BANKS GO UP
Business Square leads the rises in Europe with the FtseMib index gaining 1,01% to 15396.
Similar situation in Europe. London +0,4%, Paris +0,58%, Frankfurt +0,21%. Madrid rises by 0,64%.
The good data on inflation in China contributes to the upward push, which reduces the risk that the authorities of Beijing end the stimulus to the economy prematurely.
THEeuro it climbed the dollar for the fifth consecutive day and moved to 1,302 from 1,301 yesterday evening. Good recovery of the single currency also on the Swiss franc to 1,2186 from 1,2164 yesterday evening, the cross has returned to the levels of 10 days ago.
On the market for government bonds the Bund Btp spread drops to 303 basis points (-3). The Italian 4,32-year yields 1% (-1,25) and the German one 2% (-XNUMX).
Between the banks, Unicredit rose by 1,82%, Intesa +2,92%, Ubi Banca +0,74%. Mediobanca rebounds and rises by 3,47%. Only MontePaschi goes down -0,24%.
Positive Generali + 1,3%.
Telecom Italy it opened with a gain of 3,4%: at the start of the session it was unable to get the price. According to rumors from Il Messaggero, the Chinese group Hutschinson Whampoa, which controls the telecommunications operator 3Italia in Italy, aims to acquire a 29,9% stake in Telecom Italia and would be ready to pay the shares up to 1,2 euros per one, compared to yesterday's closing price of 0,574 euro.o At the request of Consob, the company confined itself to reiterating what was already specified on 5 April. “Preliminary non-binding contacts are underway between the company and the Hutchison Whampoa group, aimed at verifying the feasibility of an integration process. The issue, Telecom repeats, "will be examined in the board meeting convened for next Thursday 11 April, at the end of which a press release will be disseminated to the market".
Finmeccanica rises by 0,61% and StM gains 0,8%.
In decline Fiat – 0,2% while the meeting is in progress. The landslide continues Pirelli -1,43%.
Raises for Enel +1,32% ed Eni + 0,91%.
It bounces Moleskine + 2,8 %
