BUSINESS CENTER REACTS: UBI +8%. 30-YEAR BUNDS RETURN 2,42%
An attempted rebound takes off in Piazza Affari. The FtseMib index rose by 1,48% to 12545, followed by Madrid +1,51%. The other Stock Exchanges were more cautious: London +0,94%, Paris +0,66% and Frankfurt +0,55%.
On the government bond market, the 10-year BTP improves, the yield of which drops to 6,4%, from 6,54% yesterday. Spread down to 518 points, (-13 points). The yield of the two-year BTP fell below 5%, to 4,85% with the spread on German securities down by 15 points.
2,32 billion 30-year Bunds were placed this morning at a record low yield of 2,17% from 2,41% in the previous auction. At this rate, with the hunger for bunds that exists, it is not excluded that the Germans are also planning issues with longer maturities.
Euro recovering against the dollar this morning, above 1,21. The shot in the arm for the euro came from the declarations of the Austrian member of the ECB board Ewald Nowotny, according to which there is room for granting the permanent bailout fund of the euro zone the banking license, a hypothesis which so far has found strong opposition within of the central bank itself.
It stands out among the best stocks of Piazza Affari TelecomItalia +3%, after the Brazilian authorities gave reason to hope for a rapid elimination of the sanctions imposed on the subsidiary Tim Brasil. The rebound starts from bank stocks with Ubi which rises by 8%, MontePaschi + 3,5% Pop.Milano + 1,3% Unicredit + 2,83% Understanding + 3,8%. bpm +1,3% on the day of the business plan.
Salt too Generali +2,8%, despite Morgan Stanley's decision to lower the target price. In Europe, the best sector is the automotive sector (Stoxx +1,2%), with the Germans Daimler e Volkswagen up by 3,7% and 1,8% respectively. Fiat advances 2,86%, Pirelli + 0,4% Fiat Industrial +2,5%. Negative Eni -1.05%, in line with the rest of the European oil sector. They recover A2A +4,12% and Rest + 1,79%.
