ZERO INFLATION, ANNUAL BOTS AT 0,28%
HE HOLDS THE BAG, BUT GERMAN CONFIDENCE COLLAPSES
The recession effect, as expected, does not curb the desire to bots. The treasure placed annual bonds for 7 billion at a yield of 0,279% from 0,387% in July. Strong demand, amounting to 12,8 billion with a coverage ratio of 1,83 times. The spread is stable at 171. The 2,71-year yield is XNUMX%.
The robust rise of Piazza Affari after the auction (up to an abundant 2 percent), however, it was more than reduced after the very negative data of the Zew index relating to German confidence. The sentiment index beyond the Rhine fell to 8,6 points in August from 27,1 points in July and against the expected 18,2 points. This is the lowest since December 2012 and the eighth consecutive decline.
Disquieting the inflation datapractically zero.
La Milan Stock Exchange it now advances only by 0,6%, the Ftse Mib index at 19068, flanked by Madrid +0,70%. In negative ground Paris and Frankfurt, both down by 0,23%.
In Europe, the best sector is the banking sector (+ 1,3%).
On the swing Monte Paschi, game in sharp decline (-2%) now above 3,3%. The Bigs are on positive ground: Unicredit +1,3%, Intesa +0,5%. Mediobanca + 2% and Ubi + 1,4% are even more effervescent.
Fitch has raised its outlook on the Italian insurance sector: Generali +0,5%, UnipolSai +0,2, Cattolica +0,7%.
They advance Telecom Italy +0,8% and Enel +0,9% after a weak start.
The TLC company is in the spotlight waiting for news on the Brazilian front: Vincent Bolloré seems in favor of an agreement between Tim Brasil and Gvt.
Spain is also crucial for the energy giant: according to Expansion, Endesa, Enel's Iberian subsidiary, has made an offer for the Spanish activities of E.on.
Enel Green Power -0,1%.
Bright Mediaset + 2% after promotion to Overweight by HSBC.
Meanwhile, Fiat's +2% recovery continues for the fourth day in a row.
Finally, the luxury. Ferragamo recovers again +2,9%, favored by the promotion of Credit Suisse. On the contrary, Tod's has resumed its descent, demoted by the Swiss broker to underperform.
Out of the main list, the rise of continues D'Amico +2,9% and Drums +2,4%.
