After the roaring days, the stock exchanges mark time. It happens on Wall Street, where the three main US indices mark falls of about 0,7%. The European markets, starting from Milan, have followed the same script. In Piazza Affari, the Ftse/Mib index falls by 1,05% at 16953, Paris loses 1,3%, equal to Frankfurt, London -1,2%.
On the contrary, a resounding success is looming for the BTP Italy, which has crossed the threshold of 3,3 billion. Order collection will continue until Thursday evening and the Italian treasure he said he will not limit the demand.
Market day was confirmed by the slowdown in the Chinese economy. Gu Xianghua, deputy secretary of the Association of Chinese Auto Manufacturers, said this morning that auto sales in 2012 will grow less than the 8% hitherto forecast, probably no more than 5%. The news, combined with the warning on purchases of raw iron from Beijing launched by the mining giant Bhp Billiton, has hit the European industrial sector, starting with the car.
Also Fiat – 3,82% who, even in China, hardly sell, suffered from it. Also declining Pirelli – 2,4% e Fiat Industrial – 2,44%, both with a strong presence under the Great Wall. It went worse, of course, ai Big of the German car, the most present in the Asian country: Daimler -4,5% bmw -5% and Volkswagen -5,2%. Also GM -2,2% and Ford -1,6% feel the pinch. Even luxury, of which Beijing is now the first customer, suffers from news from the East: lvmh drops in Paris by 3,2%, Ferragamo retreats by 2%, Tod’s scores -1%. It's an exception, on Wall Street Tiffany +5% expects full-year 2012 results to grow, aided by expansion in Asia and the Americas.
Widespread weakness also among the bank stocks. Among the worst the Banco Popolare – 1,54%, but sales also prevail on Intesa San Paolo -1,81% Unicredit -0,7% . Unchanged PopMilan. Still in the spotlight Premafin + 7%. Instead, it's declining Unipol -1,3% and Fondiaria-Sai -0,3%. Among the few titles awarded by the market they stand out Diasorin +2,62% and Telecom Italy +2,93%. Even more relevant is the leap forward of Cir +8,8%, rewarded by rumors of an interest from Russia for Sorgenia e Prelios, also up by 8,8%.
