The suspense about popular reform has conditioned Business Square however up by one percentage point (Ftse Mib index at 19.674). The decree on theInvestment Compact to which the cancellation of the per capita vote in the Populars is connected. However, the theme was added in the late morning.
However, the industry bulletin is positive: Banco Popolare + 1,7% People of Emilia + 2,4% Valtellinese credit even +5,9%. It's an exception Pop. Milan (-1,2%).
The other banks are positive: Ps + 2,3% Understanding + 0,7% Unicredit +1%. The scene of the Old Continent is always dominated by the expectation of Qe. All the price lists are in positive territory: Paris + 0,93% Madrid +1,26%. Flat Frankfurt (+0,03%). London is also advancing (+0,62%), outside the Eurozone.
After a declining opening, the Italian secondary it turned positive, in line with a large part of the periphery: the market takes the launch of quantitative easing for granted, but the doubts of operators focus on the methods, timing and amount of the programme. Around half past 12, the yield differential between the Italian and German benchmarks on the 10-year segment is indicated at 125 basis points from 129 at the start. The 10-year rate yields 1,64%, not far from the historic low of 1,63%.
This morning there Spain it placed 5,05 billion in 6 and 12-month government bonds, recording declining yields. The euro is down to 1,159 against the dollar (1,160 last night's close). The Swiss franc remains close to parity with the euro (1,01) while on the Zurich Stock Exchange the Swiss Market index marks an increase of 0,6%.
Little moved the Brent. Eni is unchanged, Saipem drops by 1,2%. Bounce of Tenaris (+1,8%). In the Italian list, among the industrial titles, they are advancing fca (+ 1,8%), Finmeccanica (+ 0,9%) and StM (+ 1,2%).
Pirelli e Cnh Industrial they earn 1,3%, Buzzi salt by 2%. Bucking Luxottica, which fell 1,5% after announcing its fourth quarter 2014 results yesterday evening. Yoox salt by 3,4%.
Mediaset gains 3% after the indiscretion according to which it would have raised the prices of commercials. Among the utilities, A2A earns 2%.
