MILAN - The European Union is reportedly preparing to launch "large-scale" bonds to finance energy and defense spending.
This is what the Bloomberg Agency
writes,
reporting
confidential sources according to which technicians are working to develop a plan to be presented after the next Versailles summit scheduled for 10-11 March
.
The amount and structure of the operation have yet to be decided.
The operation comes one year from the EU's total package of 1,800 billion euros (MFF), which also includes the Next Generation Fund, to support the greater efforts due to the Covid 19 pandemic. 'EU is to finance the increased expenditure due to defense and energy infrastructure reform following the Russian invasion of Ukraine.
Last Monday the statement by
the European Commissioner for Economy Paolo Gentiloni
which indicated the need to "focus on further commitments and initiatives" avoiding "reorienting the Recovery and Resilience Facility" by hypothesizing a "compensation mechanism" for possible future problems of energy supplies.
According to rumors gathered by Bloomberg, the structure of the new loan could follow that of the previous '' Sure '' program to finance employment support following the pandemic.
Meanwhile, the Eurobond hypothesis being studied in Brussels only pushes the southern European price lists.
Madrid and Milan earn 3% and Lisbon 2.5%.
Paris (+ 1.64%) and Frankfurt (+ 1.41%) are more cautious, London unchanged, while
the differential between Italian BTPs and German Bunds drops to 148 points
, with the Italian annual yield down 5.1 points to 1.539% and the German yield up 8 points to 0.05%.
Positive US futures pending trade balance, sales and inventories.
The anticipation of the API on weekly crude oil stocks is also on the way.
The run of crude oil continues, with the WTI barrel at 122.26 dollars (+ 2.36%) and the Brent at 126.58 (+ 2.74%), while gas reverses its course (-1.58% at 223.61 euros per MWh).
The euro recovered to 1.087 dollars and 0.828 pounds.
The ruble recovered slightly to 136.05 against the greenback, down instead to 149.04 against the euro.
On the rise the banks Unicredit (+ 7.16%), SocGen (+ 6.72%), Bper (+ 6.32%), Bnp (+ 6.17%), Commerzbank (+ 6.01%), Banco Bpm (++ 3.63%) and Intesa (+ 2.78%).
The race for good Tim continues in Piazza Affari (+ 9%),
while in the energy field, the service companies Saipem (+ 3.23%) and Tenaris (+ 4.21%) stand out.
Purchases also on TotalEnergies (+ 2.27%), more cautious BP (+ 1.13%) and Eni (+ 1%), Shell down (-0.29%) after the purchase of Russian oil.
The automakers Stellantis (+ 2.03%) and Volvo (+ 2.66%) start again, Leonardo little move (+ 0.6%), the other titles in the aerospace sector do well, from Rolls Royce (+ 4.93%) to Thales (+ 2.66%) and Airbus (+ 2.16%).
Minus sign for Antofagasta (-2.3%), Rio Tinto (-2.11%), and Anglo American (-0.75%) mining and quarrying companies after the blocking of nickel trading by the London Metal Exchange .
The automakers Stellantis (+ 2.03%) and Volvo (+ 2.66%) start again, Leonardo little move (+ 0.6%), the other titles in the aerospace sector do well, from Rolls Royce (+ 4.93%) to Thales (+ 2.66%) and Airbus (+ 2.16%).
Minus sign for Antofagasta (-2.3%), Rio Tinto (-2.11%), and Anglo American (-0.75%) mining and quarrying companies after the blocking of nickel trading by the London Metal Exchange .
The automakers Stellantis (+ 2.03%) and Volvo (+ 2.66%) start again, Leonardo little move (+ 0.6%), the other titles in the aerospace sector do well, from Rolls Royce (+ 4.93%) to Thales (+ 2.66%) and Airbus (+ 2.16%).
Minus sign for Antofagasta (-2.3%), Rio Tinto (-2.11%), and Anglo American (-0.75%) mining and quarrying companies after the blocking of nickel trading by the London Metal Exchange .
