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This article was published April 13, 2015 at 09:14.
The last change is the April 13, 2015 at 11:14.
Starting the week up to Piazza Affari, despite the disappointing data from the Chinese economy. Pending BTP auction (and the start of the placement of the Italian BTP) the FTSE Mib recorded fact a progress of 0.5% and exceeds the 24 thousand points of momentum: not happened since October 2009. Well even while Madrid other lists of the Old Continent are moving just below parity (follow indexes Live). Previously Tokyo ended flat (-0.01%). Little blur the BTP-Bund spread to 108 basis points, with the yield of ten-year Italian 1.23%. The euro remains weak around $ 1.06 (euro / dollar exchange and currency converter).
New signs of a slowdown in China
Meanwhile, China continues to get signs of economic slowdown: this morning were published figures on the balance of payments, which show for March, a decrease of both imports (-12.7% when expressed in US dollars) as exports (-15% when expected instead a growth of 9%). Overall balance of payments shrank to 3.08 billion dollars, a figure that is worrying in view of the spread of the GDP data that will be released next Wednesday and that could have repercussions on the yuan and the countries of the east -asiatica.
A full day for the Treasury
Activities hectic these days for the Italian Treasury. This morning it will be issued with a maturity BTP 3, 7 and 15 years to a maximum value of 7.5 billion, but there will also be taking a look at the new Italian BTP whose placement for retail customers part today (until Wednesday unless early termination; Thursday will be up to institutional). Last Friday, the Ministry of Finance has set the minimum coupon of 0.50% for the real new issue (the octave of the successful series of titles designed specifically for private clients and with coupons linked to Italian) that will have a time maturity of 8 years. By midmorning accessions approaching one billion euro in the meantime.
Focus Square Business
Meanwhile, the Milanese listing move in opposite directions Rai Way and Ei Towers, after the latter has modified the offer of purchase and exchange content to achieve a share of 40%. The actions Ei Towers down by 1.3%, the Rai Way rise of 3%. Unchanged rather the economic conditions of the offer which together enhances the towers Rai 4.5 euro per share. “The offer has more chance of success – said an analyst agency Radiocor – but obviously the appeal related to the integration between the two groups and the synergies goes away.”
The recent acquisition of Bg by Shell continues to drive the sector, with a + 0.76% Eni, Enel + 0.59% and Saipem, also favored by favorable report, which marks a jump of 3.5%. Well even A2A (+ 1.89%) in the wake of the new five-year business plan that provides for the doubling of the dividend.
Thwarted financial (-0.02% Unicredit, Intesa + 0.44%, -0.11 General %, Mediobanca + 0.55%)), although the popular move with marked gains on expectations of a reorganization of the: Banco Popolare + 0.49%, + 1.21% BPM, Ubi + 0.59%.
Positive major industrial (Fca + 0.77%, + 0.51% Finmeccanica) and Telecom Italy that places a + 1.63% to 1.123 euro per share.
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