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Unicredit relaunches Piazza Affari

High volatility on the Piazza Cordusio share, which first slips, then takes off in Piazza Affari, in the wake of the announcement of the Fineco IPO – Milan is the best of the main European markets – Spread at 173 basis points – Brilla Acea, which rises by 8,5% – Among the luxury stocks, great exploits by Brunello Cucinelli (+6%).

Unicredit relaunches Piazza Affari

Unicredit superstars in Piazza Affari. The institute in Piazza Cordusio dominates the attention of investors, who go wild by sending the shares on the roller coaster. After a morning in positive territory, around 14 pm disappointing budget of 2013 (closed with a record loss of 14 billion euros) causes the share to fall.

In the minutes immediately following, however, the news of the listing of the subsidiary Fineco and the possible sale of Uccmb again reversed the trend on the stock, which around 15 pm gained more than five percentage points. 

Also thanks to the driving force of Unicredit, the Ftse Eb it moves up by about one percentage point. The other European Stock Exchanges are in no particular order: Frankfurt +0,5%, Paris -0,2%, London flat.  

Slightly decreasing BTP/Bund spread (173 basis points) on the eve of the mid-month auctions and after the Spanish auction (4,54 billion of 6 and 12-month bonds were placed with falling rates), while the Belgian Treasury launched a new twenty-year government bond.

The titles of are also highlighted on the Italian list Unipolsai (+ 3,07), Banca Monte Paschi Siena (+ 2,23), Prysmian (+ 1,92%) and A2A (+1,75%, supported by expectations of a change in the ownership structure with the partial disposal of the presence of the municipalities of Brescia and Milan). Even more brilliant That, which rises by 8,5% (the targets presented yesterday are higher than analysts' expectations).

Among the luxury titles, a great exploit by Brunello Cucinelli (+6%) following the presentation of the final data for 2013 and the indications for the beginning of 2014. Ferragamo (conference call tonight) +1,2%, Tod’s +0,45%. Step back again Yoox (-1,88%), the worst title in Piazza Affari.

Also in red Gtech (-1,05%), Azimut Holding (-1,04%), Enel Green Power (-0,97%) And Telecom Italy (-0,85%). 

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