Price-list sales trailed by mining and oil, while oil saw further declines after Iran halted its production proposal and after theSaudi Arabia ruled out a cut. The Petroleum Wti dropped 1% to $30,8 a barrel, narrowing the decline after crude inventories: Although crude stocks rallied, updating highs, and grew more than analysts forecast, the However, the increase was lower than the expectations of the American Petroleum Institute (API), which yesterday had anticipated a rise of 7,1 million.
In Piazza Affari Eni loses 2,48%. The Ftse Eb it closed down by 2,59%, also dragged down by the banking sector: Bper -6,36%, Mps -5,68% and Bpm -5,61%. Sales also hit Mediaset which closed among the worst stocks in the basket with a decrease of 6,15% and Yoox -5,63%. Luxury is hit by Hugo Boss' profit warning. The other European indices also fell: London -1,6%, Frankfurt -2,64% and Paris -1,96%. In France, consumer confidence was negatively surprised, declining to 95 points from 97 in January.
A Wall Street the indices move in negative territory weighing on Europe. Banks in particular are declining. Signs of stagnation have arrived from the US economy with disappointing data on the front of the real estate market and the services sector. In fact, the data on sales of new homes, down by 9,2% in January, and the flash PMI services index, the index of purchasing managers, dropped to 49,8 points in February from 53,7 the previous month.
The change euro dollar it is stable at 1,1024 while the pound, on Brexit fears, fell to its lowest level in 7 years. Gold climbed 1,48% to $1244,95 an ounce. The spread Btp bund, thanks to the race for safe-haven assets, widened again to 142 basis points to close at 138. The Treasury assigned Btp maturing in 2032 indexed to European inflation for 904 million and a yield of 1,22%. The Italian economy today recorded positive data on turnover to industry which increased by 1%, marking the best figure since 2011 with orders rising by 5,2%. Exor +1,34% and Italcementi +0,69% go against the trend.
