CTZ AT HISTORIC LOWS IN RENZI'S FIRST AUCTION. EQUITA PROMOTES BPM. BUT THE BAG IS LOW
Well the first auction of government bonds with the new Renzi government. The Treasury sold all 2,5 billion euros of CTZ December 2015 with rates falling below 1% to an all-time low of 0,822% from 1,031% previously. One billion Btp indexed to inflation in the Eurozone was also assigned, with the rate falling to 1,20% from 1,39%.
The Bund Btp spread drops to 193 points, the Italian ten-year bond yields 3,61%. Spain placed 3- and 9-month bonds with declining rates. Weak Piazza Affari after the heavy data on the trend of consumption. The Ftse Mib index drops by 0,36% to 20403.
Retail sales fell by 2,6% in December compared to the same month in 2013, having risen by 0,2% in November. The figure is much lower than expected, the consensus estimated an increase of 0,2%. Europe does not follow the rises of Wall Street and Tokyo: Frankfurt also falls by 0,45%, Paris loses 0,44%, London -0,54%. Madrid advances by 0,22%.
Among the banks, it stands out Pop.Milano +2,97%% thanks to the buyout of Equita which is betting on a season of mergers among the Popolari of which Piazza Meda could be the aggregating pole in Lombardy. positive MontePaschi +0,17% thanks to the promotion of HSBC to Neutral from Underweight. The Bigs go down: Understanding drops by 0,81%, Unicredit -0,17%. Insurance is down: Generali -0,79% UnipolSai -1,19%.
Negative market reaction to the results of Moncler which falls by 4%. They retreat Eni -0,17% ed Enel -0,42%. Also declining Telecom Italy -0,46%. Finmeccanica -1,17%: AgustaWestland was awarded orders for a total value of approximately 260 million euro for helicopters.
They go down Fiat -0,07% and StM -0,3%. Tenaris retreats by 0,65%. After the publication of the results, Goldman Sachs decided to confirm the Sell recommendation, cutting the target price from 16,2 to 14,60 euros. Prysmian -0,21%. Tonight after the market is closed, the cable company will publish its 2013 results.
Earn instead Indesit +2,8% after reaching the highest since January 2008 at 11,15 euros. The Chinese group Haier is in pole position to become a partner of the white goods manufacturer. Among the small caps Tiscali is suspended due to an excess of upside. Among the stocks outside the main basket, the Carraro +7,5% and Bank Profile +5,3% .
