Piazza Affari takes off after the success of the Spanish auction. The index Ftse Eb +0,68% rises to 15801. In the rest of Europe the Stock Exchanges are more cautious: Paris rises by 0,18%, Frankfurt -0,02%, London rises by 0,36%. Better Madrid, +0,44%. The euro is stable at 1,310 against the dollar.
In the meantime, after the initial tensions, fever on government bonds is declining. The 4,48-year yield falls to 4,51% (from XNUMX% in early trading) and the spread it returns to 296 (unchanged compared to yesterday).
La Spain this morning it placed government bonds for a total of 3 billion euro with rates decreasing compared to previous auctions. Three-year bonds were placed at 2,76% (from 2,87%), while 5-year bonds achieved a yield of 3,73% (from 3,79%).
The condemnation of Marco Tronchetti Provera does not cause damage. On the contrary. He shines among the Milanese blue chips Pirelli, up 3,65% thanks to the promotion of JP Morgan which raised the rating to "overweight" from "neutral". Meanwhile, the ride continues Fondiaria-Sai, up 3% after yesterday's gain (+4,6%) following news of the arrest of former shareholders and former managing directors. Generals +0,57%.
bank up Ps (+0,41%) while the "historic" meeting is underway in which the 4% ceiling for all shareholders is abolished. Positive results from Intesa (+0,86%) and Unicredit (+0,77%). On the other hand, great ferment in the sector of Popular: Ubi +3,77%, Banco Popolare +3,09%, Pop.Emilia +4,2%, Pop.Milan +0,69%.
The leap of Tod’s, + 2,44%. Among the industrial titles it defends itself stm (+0,2%), despite Intel's profit warning and the disappointing results of Ericsson (-4%) and SAP (-2%). Nokia also lost hits (-1,5%) which released quarterly results with lower-than-expected sales.
Fiat salt of 1,47%, Finmeccanica + 0,55%. Saipem earns 1,6%. Still declining Telecom Italy, - 1,65%. Diasorin rises by 1,87%.
