Looking forward to the announcement Fed of this evening, the fear for i returns to the markets emerging countries. Interventions by Indian and Turkish central banks initially helped to calm the waters, but currency tensions re-emerged. As the Turkish lira recovers, the ruble fell to new all-time lows in the afternoon.
This is how sales on stock exchanges return: Wall Street it opened lower, increasing the negative sentiment on the main European lists which, after a positive start to the session, all closed down. Milano 0,57%, Paris -0,68%, Frankfurt -0,73% and London -0,37%. In contrast, Madrid, +0,21%.
Lo BTP-Bund spread, after having reacted well to today's 8-monthly BOT auction (0,59 billion euro with an average yield of 0,827% from 204% in December) falling to 220 basis points, it is back above 3,87 points (yield at 1,3660% ). The euro-dollar trades at XNUMX.
In Piazza Affari, the collapse of Fiat (-4,11%) in a field day for the group. The Lingotto presented the 2013 accounts, who disappointed expectations and announced that they will not distribute the dividend. In addition, he unveiled the new name of the group resulting from the takeover of Chrysler: FCA, Fiat Chrysler Automobiles. The registered office will be in the Netherlands, the tax office in the UK and the stock will be listed in New York and Milan.
The decline in weight also weighs Mediaset (-3,74%). In the morning the president Fedele Confalonieri raised the alarm on the situation of the sector in relation to online competition. “If copyright is not respected, we all jump – he said during a conference on copyright protection -. I regret the piracy of the Neapolitan guappi, because now we have gentlemen who pay nothing, employ very few people and make fun of us. We risk closing everyone if there is no protection”.
Benefits taken up Yoox (-3,05%) after yesterday's rally, as well as on the luxury of Ferragamo (-2,9%). Run instead Luxottica (+1,45%) after the record results released yesterday. Saipem gains 3,49% on order expectations for the South Stream pipeline. At the bottom of the Ftse Mib too Buzzi Unicem -2,86%.
Highlight instead Pirelli, which jumped by 7,21%. The Financial Times has relaunched the hypothesis of an interest by the private equity fund of Goldman Sachs. The offer, with an important premium compared to the current values, according to the newspaper, would have been rejected by the board of the Italian group.
Telecom slows down and closes at +0,6% after a leap of over 3% thanks to the news of the early repayment of the outstanding hybrid subordinated securities for 750 million euro.
Contrasted banks. Stop the sales Ps (+0,12%), they rebound bpm (+ 1,28%) and Mediobanca (+2,05%). Well Ubi (+2,99%) which today launched an issue of 10-year fixed-rate benchmark covered bonds for one billion euro as part of the group's covered bond programme. In about two hours, orders were received from over 170 institutional investors, for a total of over 4 billion.
Still sales up Banco Popolare (-1,69%) And Banca Carige (-2,42%). Among the minor titles new run for Bastogi, with a final growth of 19%, which brings the increase of the last seven sessions to 87%.
