All waiting for the Fed. Le European stock exchanges close weak e Wall Street moves below parity in anticipation of the press conference of Ben Bernanke of this evening. From the president of the Fed, the markets expect to understand if the verdict will be a "wait and see" or if the taps of the bond purchase program will start to close (tapering). The US macro data seem to favor market expectations towards a continuation of the Qe program.
But the nervousness of waiting made itself felt on the markets which in the end pulled the brakes, with Milano which closed down 0,9%, the worst together with Madrid (-1%) among the European price lists. Paris -0,55%, Frankfurt -0,39%, London -0,40%. The euro-dollar exchange rate stood at 1,3403 while WTI oil fell by 0,31% to 98,13 dollars a barrel.
There is in Milan at the bottom of the Ftse Mib Azimuth -2,88% Telecom Italy -2,7%. President today Franco Bernabe he illustrated the network spin-off operation to the Senate, assuring that if the conditions are right, the investment funds will certainly arrive. "If the conditions for profitability are in place, any infrastructure fund is interested", he said, adding that "we need adequate profitability conditions and stable regulatory conditions".
Bper -2,46%. Overall, the rest of the banking sector is also in the red: Mps -1,89%, Bpom -1,82%, Unicredit -1,64% and Intesa -1,85%. At the bottom of the Ftse Mib too Parmalat -2,27% and Fiat -1,95%. Outside the main basket, however, RCS dropped 7,86%, affected by volatility due to the increase in progress.
In contrast on the Ftse Mib Mediaset +4,85% which benefits from the positive judgments of analysts on the cuts in operating costs and on the day in which the Council examines Silvio Berlusconi's legitimate impediment to the "Mediaset trial". Diasorin +3,95%, Finmeccanica +2,03% %) which benefits from the agreement between ATR, an equal joint venture between Alenia (Finmeccanica Group) and EADS with NAC for 90 ATR-600S aircraft for a total value of $2,1 billion. Tenaris rises by +1,45% and Saipem rebounds by 1,37% %), after the collapse on Monday in the wake of the profit warning on the accounts.
