Bags rising for Greece. BTP at a record low. Below expectations l … – Il Sole 24 Ore

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This article was published on February 23, 2015 at 09:11.
The last change is the February 23, 2015 at 11:30 am.

Milan stock continues upward (positive fifth session in a row), in line with other major European stock markets, in the wake of record high scored Friday night from Wall Street. Records which in turn is a result of the pre-agreement between Greece and the EU on the extent of the aid plan for four months.

The agreement of Greece has also pushed purchases on the Tokyo Stock Exchange. The main index Nikkei closed at 18466.92 points (+ 0.73%), up from April 2000, while the Topix gained 0.17% to 1502.83, highest closing since December 2007. cquisti in particular on land transport, fishing and airlines. Exchanges to 2529.4 billion yen (21.27 billion dollars) of equivalent value.

Grows (but below expectations) business confidence in Germany
The European stocks however partially reduce the gains the start after the publication of the German Ifo. In detail, the business confidence in Germany as measured by the Ifo and ‘rose in February to 106.8 from 106.7 in January. The consensus expected to increase well above the index of the result, to 107.6.

Focus Milan
Among the list of individual securities Milan FTSE MIB run Finmeccanica, Banca MPS and Banca Carige. The two bank run in the wake hypothesis of acquisitions and mergers, as the two institutions trade at discounts to the banks, the subject of a recent reform to stimulate consolidation in the sector.

Eyes aimed Athens
By now Athens will provide creditors with a list of international economic reforms that meet the counterparty in exchange for the extension of four months of the bailout program, extension that saves the country from crisis diliquidità and exit from the euro zone. The four months costitutiscono a window where you can negotiate a longer-term, but the agreement is for Tsipras a compromise given that the prime minister had promised to cancel the bailout, end the collaboration with the “troika” and eliminate austerity. The compromise raggiungto at the end of the meeting in Brussels puts an end to weeks of uncertainty that lasted since he took office, the government-led SYRIZA and will be formalized when the troika will say satisfied with the list of reforms which will be presented today. The finance ministers of the euro zone could give away free agreement Tuesday teleconference. When in doubt, however, may come back to meet in Brussels.

Currencies
The foreign exchange market, euro down: waiting for the details of the plan the greek European single currency changed hands at 1,136 to the dollar (1.1379 Friday after the close of Wall Street) and at 135.3 yen (euro / dollar exchange and currency converter).

Spread declining
averted the “Grexit” investors buy government bonds: the spread between ten-year BTPs and German counterparts down to 115 points from 124 points closing Friday ‘last year. The yield amounted to 1.51%, a new record low. The differential Bonos / Bund marks 104 points to a rate of 1.42% (Eurozone bond yields). Also down the rates of other bonds of the periphery of the Eurozone.

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