Today is the last day of placement for the BTP Valore. At 11.30 a.m. orders just under 750 million euros. As of Monday, the total is 17.8 billion, for 641 thousand contracts, the highest figure ever recorded, all from individual investors.
For comparison, the BTP Italia in March stopped, including orders from institutional investors, at just under 10 billion. The record, of 22 billion, there was in 2020 for the BTP Italy dedicated to Covid, with 14 billion from small investors.
Stock markets remain in a wait-and-see phase, ahead of decisions by the US central bank, the Fed, and the ECB next week. The Ftse Mib of Milan remained unchanged, with a slight increase (+0.72%) in the weekly balance sheet.
Worse-than-expected US unemployment data yesterday boosted the chances of a pause in Fed rate hikes. This boosted technology stocks. And so the S&P index, yesterday +0.62%, officially entered a "bull" market, that is to say that it has risen by more than 20% from the lows of the period, as the Nasdaq had already done.
Meanwhile, the oil rush stops, now Brent is trading at $76 a barrel. Back to last Friday's levels. The effect of Saudi Arabia's decision over the weekend to cut production by a million barrels a day has largely returned. The decline yesterday after disappointing US employment data.
Among the FTSE Mib stocks, higher increases for Leonardo (+2.16%) and Erg (+1.98%). Tim is highlighted, +0.52% on the day of the expiry of the new offers for the TIM network by the KKR fund and the CDP-Macquarie consortium. Biggest drop for Banca Mps (-4.11%): on the sidelines of the Consob annual report, both the CEO of Bper Banca, Piero Luigi Montani, and Carlo Cimbri, chairman of the Unipol group, shareholder of Bper, ruled out an interest in a marriage between the Emilia-Romagna and Sienese banks. Cimbri in particular described the wedding as "journalistic fantasies", while Montani declared: "MPS is in Siena, we are not interested in anything".