No Bernanke effect in Milan. If a London, Frankfurt and New York the words of the Fed governor who shed light on the meaning of an upcoming "tapering", galvanized the markets, also thanks to the signs of recovery from Japan, the disputes in Rome and the cut by S&P weighed down the Piazza Affari index which in the afternoon took the downward path to close unchanged. The spread has returned to 290.
The XNUMX-year yield was also affected by the not brilliant outcome of today's auction in which the Treasury sold 3,385 billion three-year BTPs, just under the 3,5 maximum set, with rates slightly down to 2,33% from 2,38 % of the previous auction and 1,461 billion of the second tranche of the thirty-year BTP expiring in 2044, just below the maximum pre-set amount of 1,5 billion, with an average rate slightly up on the previous auction (+0,20 percentage points).
The other European Stock Exchanges rose sharply (with the exception of Portugal penalized by the government crisis): London +0,59%, Frankfurt +1,1%, Paris +0,74%. Wall Street travels to new highs: the S&P rose to 1.670 points (+1%) surpassing the record close of May 21st (1.669,16 points) and at the end of Europe it was traveling at 1.669, and the Dow Jones is trading at 43 points (+15.430%). NASDAQ +0,92%. Unexpectedly rising unemployment claims had no impact. On the other hand, for stock markets a not too vigorous job market means moving the Fed's exit strategy further forward. The dollar falls with the euro strengthening to 1,42 (+1,3043%), rebounding gold at 0,50 dollars an ounce (+1.278%), while WTI oil fell by 2,4% to 2,57 dollars a barrel. In Milan, all eyes are on RCS (-04,85%) after the auction on unexercised rights ended early and a yellow yellow opened on who is the buyer of 1,4%-10% of the capital.
In Piazza Affari, Bpm shines +3,24% in the wake of expectations for a transformation into a Spa after the new exhortations of the governor of Bank of Italy Ignazio Visco. Mediaset +2,35% in the wake of a possible opening to a foreign shareholder, Eni +1,2%, Tod's +1,2%, Saipem +0,9%. Mediobanca is up +0,76%, benefiting from the positive opinion of analysts while the other banks are weak At the bottom of the Ftse Mib Enel Green Power -2,29%, A2A -1,64%, Ubi -1,58%, Pirelli - 1,23%, Ansaldo sts -1,20%. Bad Rcs (-1,4%).
