On a day devoid of particular insights and macro data, the disappointing data on Japanese GDP for the second quarter weighed down the lists. Wall Street opens in red and when Europe closes it moves weakly around parity. After a morning in red, the Ftse Eb it regained its share in the afternoon in the wake of the Bot auction and the drop in the spread and closed at +0,4, the best European market. Frankfurt rises by 0,25% while Paris drops by 0,12% and London by 0,14%.
Today the Treasury filled up on 1-year BOTs by selling all 7,5 billion bonds and registering a demand of 1,49 times the amount offered. The yield was down slightly to 1,053% from the previous 1,078. After the auction, the Btp-bund spread reached 246 points, updating the lows for over two years and then closed at 244 points with a yield of 4,16%.
THEeuro trading stable at 1,33 against the dollar while WTI oil dropped 0,65% to 105,27 dollars. Gold climbs 2% to $1.340 an ounce.
The rumors in the German press about do not create particular shocks a report from the Bundesbank that Greece will need more loans to survive. In Athens, meanwhile, in the second quarter of this year, the Greek economy contracted by 4,6%, thus bringing the consecutive quarters of decline to 20, while the Greek privatization agency, Taiped, announced that it had signed a agreement for the sale of the public stake of 33% in the national sports betting company Opap, one of the most profitable in the country, to the Greek-Czech consortium, Emma Delta, for 652 million. This is the first major privatization in the country already envisaged in the vast program of public disposals which is part of the international aid plan received by Athens.
The markets now look to the data expected during the week from the USA: retail sales, industrial production, on new homes under construction and consumer and producer prices.
A Business Square they shine Fiat +3% ed Exor +2,2%. Well too Gtech (+ 2,7%) and Bper (+2,9%) and luxury with Tod’s which rises by 2,5% still in the wake of the accounts for the semester. A2A closes up 1,8% supported by rumors about a possible interim dividend. Telecom Italia +0,68% after the European Union gave Agcom 3 months to reformulate its proposal on the prices of the 2013 tariffs for the last mile.
Accomplice it spread, the banking sector was positive overall: Banco Popolare +1,98%, Bpm +1,46%, Ubi +2,54%, Unicredit +1,74% while Intesa slipped by 0,33%. mps+1,46%. Today the General Deputation of the MPS Foundation, the bank's reference shareholder, failed to appoint the president and deputation administrator: the decision was postponed to 20 August.
On the day of the takeover bid Camfin +0,06% at 0,799 euros, a value in line with the Lauro 61 offer. The subscription period will end on 13 September. Maire Tecnimont leaps 18,9% after being suspended for excessive bullishness. Mediobanca has started hedging the stock with an outperform rating and target price of €1,54 also thanks to the new management team.
