Back under power it Italian spread. On Wednesday morning, the yield differential between ten-year BTPs and bunds with the same maturity rose to 246 basis points, 11 more than at the previous close. The new width of the spread corresponds to a yield on 10-year BTPs which is in turn rising above 3,4%.
S&P cuts Italy outlook to "stable"
It was the American rating agency that caused the Italian spread to heat up again Standard & Poor's, which on Tuesday evening communicated a negative revision of theoutlook on our country. Under the new political and economic conditions, S&P he no longer classifies the prospects for Italy as "positive" but as "stable". The US agency's decision is linked to resignation of Prime Minister Mario Draghi and the calling of early general elections for 25 September. According to S&P, in this scenario the approval of the reforms that Italy needs is to be considered at risk.
Piazza Affari is positive in the wake of Unicredit
For the moment, Standard & Poor's pessimism does not depress Business Square, which – after closing Tuesday's session with a red of 1,04%, the worst drop among the main European lists – by mid-morning on Wednesday was in positive territory of 0,7%. The performance of Unicredit above all dragged the Milanese price list, up sharply (+6,6%) after the publication of the quarterly.
