Start in red for the European stock exchanges: Business Square -0,4% Paris e Frankfurt -0,7% London -0,6%. The long wave of Wall Street declines weigh on the stock markets (Dow Jones -1,97%) and of Tokyo (-1,15%), but above all the discouraging economic picture, with the recovery which – as the ECB reiterated yesterday – continues to slow down, the deflation advancing and the Eurotower Quantitative Easing still not coming. Yesterday's sales were also triggered by the fall of theGerman export: -5,8% in August, the third negative data arriving from Germany in three days.
It is in this turbulent context that the Treasury is preparing to launch the first of the October operations this morning, pending the BTP Italia scheduled for 220 October. It starts with the Bot auction at 12 months for an amount of 8 billion, less than maturing securities (9,7 billion).
In the meantime, the will be announced tonight Moody's rating on Italy and France, the two special observers of the eurozone.
As for the headlines on the Ftse Mib, the worst in the morning are stmicroelectronics (-3,63%), Mediolanum (-2,23, with Fininvest announcing that it will have to drop from 30% to 9,9% of the share capital), Saipem (-2,10%), Rest (-1,12%) ed Eni (-0,94%). Also in red Fiat (-0,56%), on the last day of listing (the debut of FCA on Monday).
Positive Banco Popolare (+ 0,71%), Buzzi Unicem (+ 0,39%), Campari (+ 0,27%), Bank Pop Milan (+ 0,24%) and Luxottica (+ 0,07%).
