EUROS AND OIL RISE, MPS SPREAD. MARKET PLACE BRAKS WAITING FOR MOODY'S
Oil and the euro rise, price lists fall. This morning the Milan Stock Exchange fell by 0,73%, the Ftse Mib index at 22001, in line with the other markets: London -0,71%, Paris -0,68%, Frankfurt -0,82%. With the market closed, Moody's pronouncement on the Italian sovereign rating is expected.
In May, prices in Italy fell by 0,1% on the previous month and rose by 0,5% on the same period of the previous year. Public debt increased by 26,2 billion in April, reaching a new high at 2.146,4 billion. This was announced by the Bank of Italy. The value of the portfolio of Italian government bonds held by non-resident investors rose to 655,9 billion euro in March from 652,108 billion in February.
The prices of Monte dei Paschi suddenly skyrocket and the stock ends up in an auction of upward volatility before returning to trading up by more than 6% to 1,876 euros. A sudden movement that in the trading rooms they explain once again by attributing it to the shortage of securities on the market, while a highly dilutive five billion capital increase is underway.
The other banks retreat: Banco Popolare -1,8%. Intesa Sanpaolo -1,3%. Unicredit loses 0,8%. Volatile session for Carige following the publication of the details of the 800 million euro capital increase which will start next Monday. As for Monte dei Paschi, this is also a very dilutive capital increase with more shares than the existing ones. Icbpi has started hedging Banca Carige with a buy and a target price of 56 cents before ex-dividend.
The Stoxx index of European oil companies, the only one on the rise, rose by 1,2%. Eni salt of 1,1%, Saipem +1,5%. In evidence Finmeccanica +1,4% on the wave of rumors of a possible exit from the American Drs. Consob has given the go-ahead for the publication of the prospectus relating to the opvs of Fincantieri: Fincanteri's IPO will start on Monday morning valued at between 0,78 and 1 euro per share. The company aims to earn between 969 million and 1.242 million euros.
Fiat -0,7% and Pirelli -1,1% down. In positive ground Stm +0,5%. Heavy thud by Mediaset -2,8%.
