markets
Milan , February 12, 2016 – 07:30
They run European stock markets in the last session of a difficult week. Milan Stock Exchange ended sharply higher after steep declines the day before, benefiting from the return of money on bank stocks. The Ftse Mib gained 4.7 %% at 16,514 points but the weekly balance of large-cap index remains negative by more than 4% with a fall of around 20% year to date. Among the best of finance stocks, with Unicredit + 14.16%, Bper + 11.51% + 10.35% and Ubi. The rebound has not benefited, however, Mps which lost 5.2%.
Good news also from the spread: the spread BTP / Bund stood at the lows of the week, at an altitude of 138 points with a yield of ten-year Italian 1.65%. The Spanish differential instead ending the session at 154. They are good and positively affect European stocks also major US indices: the Dow Jones grows 1.54% and the Nasdaq dellì1,31%.
well Europe, the case Deutsche Bank
European shares also rose due to the busy tone on Wall Street and all of the Old Continent have Squares closed a significant upside. The FTSE 100 in London halls of + 3.08%, the CAC 40 2.52% and the German Dax 2.45%. Deutsche Bank and Commerzbank sign make progress to two digits after the sell-off that hit the sector on concerns over the ability of institutions to cope with the global economic slowdown and lower interest rates. In particular, Deutsche Bank, which announced a public tender for the purchase of its senior debt in the amount of 5 billion. This operation demonstrates the strong liquidity of the Bank, 215 billion, and is a solid indicator. Banks in the face of this announced that will not change its funding plan for 2016.
the oil recovery
A push up European markets, which were not affected by the sharp decline in which Tokyo had closed in the morning (-4.85%), was also the oil rally. The futures contract with a deadline of March WTI crude quality travels upward dell’11,56% to $ 29.21 a barrel. A leap linked to rumors of a possible agreement between the OPEC countries which could lead to a production cut. Yesterday had closed just above $ 26 a barrel. 2014 crude oil has lost 70% of its value.
The Milan Stock Exchange showed suffered a rebound, with the FTSE index that marked progress in the opening of 2.15% to 16,105 points, coming later in the session to a growth of 3.5%, despite the performance of the fourth quarter of the Italian GDP lower than expected; in mid-session, then, the index has stabilized around a 2.7% upside to riaccelerate in the final. The Saipem was suspended from the stock market with a theoretical decline of 9%, after starting with a slip on the conclusion of the capital increase with a more than 12% unexercised. The rights not exercised will be offered now on the Stock Exchange from Monday, February 15. During the session, then, the two MPS and Saipem bonds have reduced losses to 3%.
Banco Popular fly in the wedding views with BPM
the seat is particularly positive for the shares of Banco Popolare – the license has been suspended due to a rise of more than 10% – and closed at +11, 48% after the managing director, Pier Francesco Saviotti, announced it would close the marriage with the BPM (+ 8.33%) by the weekend of February 20 and has ruled out a capital increase.
German GDP + 0.3%, according to estimates
the first macroeconomic figures this morning showed that German GDP in the fourth quarter of 2015, increased by 0.3% compared to the previous three months. The increase shown by the German Statistical Office data is in line with economists’ expectations. In Italy, however, the Istat estimates for 2015 a growth of 0.7%, while braking, though, in the last quarter (+ 0.1%).
February 12, 2016 (edited February 12, 2016 | 18:47)
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