After successful outcome of the Btp auctions three and ten years old today the Btp-bund spread confirms its drop below 290 points with bunds falling to a two-week low. The European Stock Exchanges closed positive even if slowed by the highs of the day, in line with the performance of Wall Street weighed down by contrasting macro data and by Citigroup which gives ground after the result of the stress test.
Milan closes at +0,31%, London at -0,18%, Frankfurt at +1,19% and Paris at +0,40% . At the end of the European lists, the Dow Jones marks +0,13% and the Nasdaq +0,29%. The euro is trading at 1,3037 against the dollar. However, Wall Street remains at record levels while gold retreats to the lows of January at 1646 dollars an ounce. On the currency front, Norway took the markets by surprise by cutting interest rates by a quarter of a percentage point to 1,5%.
Filed the final go-ahead for aid to Greece arrived in the middle of the day, the slowdown of the G20 countries arrives: in the fourth quarter of 2011 the GDP rose by 0,7%, against 0,9% in the previous three months. In 2011, GDP increased by 2,8% against 5% in 2010. Emerging countries continue to drive growth, while the United States recorded an increase of 2011% in the last three months of 0,7. However, the European Union and the Eurozone are doing worse, registering a -0,3%.
FERRAGAMO ON SHIELDS
BPER FALLS ON ACCOUNTS
Mediolanum +4,66% and Salvatore Ferragamo run in Piazza Affari, who scores an increase of 3,34% on the eve of the board meeting on tomorrow's accounts after +52% since the beginning of the year. Also in evidence, Stm +3,07%, Fiat +2,51, and Azimut +2,33%. Profits taken on Tod's -2,29% and Diasorin -1,52%.
Weak banks. Closes positively Intesa Sanpaolo +0,40%, which records the brilliant result of the investee Banca Fideuram with profit normalized to 275 million euro. Above par too Unicredit which rises by 0,20%. CEO Federico Ghizzoni stated that banks are still suffering from liquidity problems despite the extraordinary measures of the ECB and the impact of Basel 3 has been "underestimated" by entrepreneurs. According to Ghizzoni, liquidity is not scarce but not abundant despite the injections from the ECB, and since the interbank market is not yet functioning it is difficult to find long-term credit funding”. Meanwhile, the match over the new president seems to be closing between Tantazzi, Cribiore and Galateri. Will the choice come before the board meeting on March 27? "We are not working in view of a board meeting, we'll see ..." said Ghizzoni.
Good Mps +1,87% on which the maneuvers on the package of shares in the hands of the are intensified Foundation after the release of the creditor banks. Salvatore Mancuso of the Equinox fund said that the timing for the binding offer has not yet been decided while he reiterated that he wants to have a say in the matter over the housekeeper in the event of an investment. It loses ground at the bottom of the list Bper -2,53%, after the 2011 accounts which recorded a 27% decrease in profit and the new plan which envisages employee departures for 450 units. Also in red bpm -0,39%. The prosecutor's dossier on the 2009 convertible is expanding: in addition to fraud, the crime of obstructing supervision is also hypothesized.
PREMAFIN, TOWARDS SHIFT OF THE BOD
BALZA CAD IT ON 2011 PROFIT
The next board of Premafin (-0,66%) should be postponed from the March 16 date to allow Maurizio Dallocchio to proceed with more time with the impairment test on the share of Fonsai (+4,28%) held by the holding company. Meanwhile, the vice-president of the insurance company is holding back on exchanges: "It is premature to talk about it", stated Antonio Talarico with reference to tomorrow's board meeting agenda.
In rallies Cad it +23,79% following the release of the 2011 accounts which recorded a significant increase in Ebitda and Ebit and a net profit of 1,9 million against a loss of 0,6 million in 2010. The board of directors decided to propose a dividend of €0,24 per share.
