Business Square, after a promising start with theFtse Mib index having come close to 15.200 points, it has lost momentum and at this moment the main basket is up 0,66% to 15.126 points.
This morning the analysts of Moody's they confirmed the triple A on Austria. In particular, the US rating agency took into consideration, in reiterating its judgment, "the strong economic strength, supported by a skilled workforce and by the competitiveness of exports". On the other hand, tension remains high on the bond market where the spread BTP-Bund it continues to hover around 500 basis points (500,1) and the yield on the Italian 6,93-year bond stands at 334,4%. The Spain-Germany differential is at 112,8 basis points and that of France at XNUMX.
The yield on the Italian 6,92-year bond stands at 7%, once again revising the critical threshold of XNUMX%. Another crisis front has opened up in Europe: S&P has cut Hungary's rating to “junk” and the ECB has signaled the risk that the independence of the Magyar central bank will be undermined.
Vola FonSai which now rises by 3,43% (after peaks of more than 6%) on the day of the Board called to deliberate on an increase that could be up to 800 million euros. Fonsai savings increases by 4,51%, Milano Assicurazioni by 6,14%, Milano Assicurazioni savings by +1,98% and the family holding company Premafin by +1,41%. Expectations for today's board of directors moved the headlines Fondiaria Sai. For the insurance group, which in turn controls Milan Insurance, a radical change of shareholders is not excluded with the progressive exit of the Ligresti and the necessary search for new balances. According to analysts of Equity, "the amount of the increase suggests the need for further significant write-downs of assets and strengthening of reserves which will be decided in the 2011 budget". The capital increase – according to Intermonte analysts – “will lead to a very significant dilution of the current shareholders. After the capital increase, we expect Fonsai to return to a situation of capital rebalancing and we expect a total change in the reference shareholding". However "we maintain a cautious view until the capital strengthening operation is defined and who will play the role of future reference shareholder for the group".
Petr Kellner continues to sell Generali shares and reaches 1,13% of the capital. After the packages sold in recent days, the financier reports, through the internal dealing made to the Consob, two other transactions for a total value of approximately 178.736 euros. On 20 December Kellner sold approximately 0,06% of the capital of the Lion at a price between 11,20 and 11,21 euros
After a rebounding start, the race for bankers dies down. Well bought bankers with Ps (+ 0,77%), Intesa San Paolo unchanged, Banco Popolare -0,19%. Ubi loses 1,8% Unicredit it is down by 2,24%. bpmultimately reduces earnings to 0,16%. In great evidence A2A (+1,73%) in view of a positive closure of the Edison operation. The energy stocks are well bought: Snam Rg (+0,91%), Terna (+1,17%), Eni (+1,41%) and Enel (+0,92%).
Fiat almost unchanged at +0,16%. On the other hand, Fiat Industrial (+0,84%) stood out after the announcement of a new production site of the subsidiary CNH in China, in the province of Harbin.
