Weighs on the European stock exchanges the tile of maximum fines ($3,3 billion) paid for foreign exchange infractions.
The uncertain performance of the banking quarterly reports combined with the very disappointing data arriving from theEnel.
At the end of a black session, the Italian Stock Exchange dropped 2,87%; the index Ftse Eb slips to 18702. More content but still heavy i declines of other markets; Paris -1,59%, Frankfurt -1,90%, Madrid -1,93%. London is doing better -0,39%.
In Europe, the stocks with the greatest decline are those of utilities (Stoxx index of the sector -2,2%), followed by banks (-1,9%) and automotive (-1,6%).
In the USA, the indices of Wall Street under the pressure of fines on the financial system: Citigroup falls by about 1%. The S&P index falls by 0,3%, Dow Jones -0,34%, Nasdaq -0,2%. The spread between BTPs and Bunds it rose to 15 basis points. The 2,37-year yield is 5,8%. Enel's -2014% drop, after the publication of the results and the announcement that the goal of reducing debt to 37 billion euros in XNUMX will not be achieved in XNUMX is surprising in terms of size.
The rain of sales in the banking sector does not stop: the "guarantee" offered by the European tests has already expired. The market analyzes the items relating to the provisions with great caution and punishes the profitability considered modest. Unicredit slide another 5,6%, after Tuesday's drop. Understanding -3,%. MontePaschi, pending the accounts published after the stock market is closed (net result for the period -1,15 billion due to the impact of the stress tests), falls by 6% like Bper.
And again: Banco Popolare loses 4,2% and Popolare Milano drops by 7,3%, Mediobanca -2,5%.
Leap of Mediaset +6% after the results. Moncler too +4,1% is up sharply after the data for the quarter.
Fca salt by 2,2% thanks to the Ferrari effect: the CEO Sergio Marchionne said that the IPO of the Maranello house will be in the second or third quarter of 2015.
