Piazza Affari consolidates the rise in BTP Futura, raising 6 billion

2020-07-10T12:39:11.506Z

Today the figure on industrial production in Italy is in the spotlight. In May compared to April it rose by 42%, analysts had expected it to stop at + 22%. Compared to the same months of a year before, it went from -43% in April to -20% in May. There was some reflection on the stock exchange. The Ftse Mib before the figure rose by 0.20%, in the middle of the session it rose to 0.7%. The other European markets are also doing well, also because the good performance of industrial production in France is added to the Italian figure. Internationally, there is still concern about the increase in Covid-19 cases worldwide and especially in the United States. Yesterday the Dow Jones fell by 1.39%, today futures anticipate a start in decline. A negative sign also for the future on the Nasdaq, which yesterday hit a new record. Atlantia is still under observation today: yesterday -8%, today + 2.74%. The government said the company will have to present a new proposal on highway concessions. Other Ftse Mib stocks include higher hikes today for StMicroelectronics and Interpump. Greater reductions for two industrial stocks, Pirelli and Leonardo. Considering all the stocks in Piazza Affari, today the best performance is from the Milanese biotechnology company Molmed, + 11%. The Japanese group AGC in recent months has launched a purchase offer. The government has placed stakes, using the new golden power regulation, and today the same ACG has made it known that it will go ahead with the offer. On the government bond front, there was an increase in the BTP Bund spread today. It is 170 basis points. Above all, the yield of the German bund falls. The yield on bonds drops when there are many purchases and the bund is considered a safe haven asset. There is much uncertainty on the markets about the high number of infections from Covid-19, especially in the United States. At 1pm, the placement of the BTP Futura, aimed at small savers, was closed. Final funding reached 6.13 billion euros. Tonight the rating agency Fitch's opinion on the Italian public debt is awaited.