Atlantia flies to the stock exchange. Boom for Autostrade bonds

2020-07-15T10:35:51.930Z

Departure with the turbo for Atlantia, after the agreement found with the government. + 23.8% in the middle of the session, during the morning the increase reached over 25% and was suspended several times. An increase that practically eliminates the drop in the last month (-1.4%, while the Ftse Mib rises by 6%). Since the beginning of the year, the drop is 31%, while the Milan stock exchange index has fallen by 14%. Today, the prices of Autostrade per l'Italia's bonds also rise, after the decline of the past few days, when it had already begun to think of a possible default on the debt of Aspi and Atlantia. For bonds maturing in 2029 the value rises by 12.8%, for those maturing in 2023 by 8.89%; as a result, their performance drops. Overall, rising markets in Europe: Milan + 1.15%. Well the Dow Jones of New York yesterday and Tokyo of the night. The announcement of the modern company also gave the markets a boost: on July 27 the final test phase for its anti-Covid vaccine will start. The share in closed market trading marks + 16%. Two Fed officials, the US central bank also said yesterday that expansionary measures must be continued to support the economy. How serious the situation was made clear yesterday by the first quarterly reports of large American banks. The results were in the case of JP Morgan and Citigroup beyond expectations but the three banks have set aside $ 28 billion because they expect a wave of bankruptcies in the coming months. The Shanghai (-1.6%) and Hong Kong (-0.2%) stock exchanges were weaker after the American sanctions for Chinese executives who apply the new repressive security rules in the former British colony. Among other stocks in Piazza Affari, Pirelli stands out, + 3.43%. CEO Marco Tronchetti Provera proposed Angelos Papadimitriou as new general manager and co-CEO. Rise between 3.50% and 4% for Buzzi Unicem, Leonardo and Prysmian. Greater decreases for Tim (-0.86%), Terna and A2a (-0.7%).