Monday, April 13, 2015

Piazza Affari to 2009 levels: more than 24 thousand points. Rates rising to … – Il Sole 24 Ore

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This article was published April 13, 2015 at 09:14.
The last change is the April 13, 2015 at 24:56.

Starting the week up to Piazza Affari, despite the disappointing data from the Chinese economy. The FTSE MIB recorded an increase of 0.6% in fact and exceeds the 24 thousand points of momentum: not happened since October 2009. Real Madrid even while other lists of the Old Continent remain around parity (follow indexes Live) . Previously Tokyo ended flat (-0.01%). Little blur the BTP-Bund spread to 107 basis points, with the yield of ten-year Italian 1.23%. The euro weakens again to $ 1.05 (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 in fact been issued BTP maturing 3, 7 and 15 years for a total of 7.5 billion, with rates slightly higher for the two titles with short deadline (0.23% from 0.15% for three years; 0 89% from 0.71% for 7 years) and downhill on BTp 2020 (1.64% to 2.10%). But there is also to take 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. At midday acceptances exceed meanwhile the two billion euro.

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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