SPREAD TO 296 PUSHES BANKS UP
MPS IN ORBIT, FIAT +1,3% THANKS TO BRAZIL
La Milan Stock Exchange +1,1% (FTSE/Mib index at 16051), driven by the rise in banks, is the most positive in Europe, followed by Paris which rises by 0,68%. Followed by London +0,11% and Frankfurt +0,28%.
La run of bank bondsi is the faithful reflection of the improvement underway on government bonds: il yield of the 10-year BTP is down again this morning at 4,38% with lo spread at 296, from 303 at last night's close.
The euro is strengthening: against the dollar it is trading at 1,307 from 1,305 at the previous close, and against the Swiss franc it is trading at 1,211, the highest in the last three months. Credit Suisse has informed customers that it will apply a negative rate on deposits in Swiss francs.
Shines Unicredit, which rises by 2,57%, Intesa advances by 1,8%. It explodes MontePaschi +7,56%, Ubi +3,54%, Pop.Milan +2,93%.
In Europe, the best sector is the insurance sector (Stoxx index up 0,4%). Generals +1,2%, Fondiaria-Sai +1,5%. However, the decline of Unipol -0,8% continues.
In managed savings both Azimut +1,4% and Mediolanum +1,87% advanced.
I positive data on car sales in Brazil (market share up to 24%) push Fiat up 1,3%, despite the continued fall in sales in Europe.
Finmeccanica salt by 1,94%.
Between the utility, it's A2A's day, up 1,63%. Enel Green Power rises by 0,92%, Enel +1,16%.
Eni earn 0,33%, Telecom Italy + 1,64%.
To note the leap of Rcs + 7,3%.
After a rough start, Maire Tecnimont instead it earns 3,3%. Before the opening, it became known that the Court of Milan, called to rule on the legal battle between Maire Tecnimont and Endesa Chile, ruled in favor of the Enel subsidiary, recognizing Endesa Chile's right to collect guarantees for 58 million. But then came the positive news: the group announced a new order in Mexico worth 191 million dollars for a polyethylene plant.
