Another difficult day for the European stock exchanges. After a weak start, the stocks widened their losses in the mid-morning and by the beginning of the afternoon they are all in sharp declines: Milano -1,9% Frankfurt -1,3% Paris -1,8% London -1,6%. Previously, Tokyo it had closed down by 0,64%, exhausting the thrust of the negative rates launched by the Bank of Japan. However, sales are contained thanks to the rebound of Shanghai (+2,29%), after the Central Bank of Beijing injected another 100 billion yuan with short-term operations.
Once again, the sales of bank stocks weigh on the Ftse Mib. The worst is always Ps (-8%), but Bper (-3,5%) and the big names are also in the red: Understanding -2,1% Unicredit -1,4%. They don't even save themselves bpm (-2%) And Pop Bank (-2,6%), despite the continuous rumors about the merger now upon us. Bad too Ubi (-3,8%) And Mediobanca (-1,8%).
The drop in the price of oil (Brent -3,15% to $33,16, wtf -3,16% to $30,62) also drags down Eni (-2,8%) And Saipem (-4,4%), while the capital increase continues. Also Rights they travel down (-15,5%) after last week's rally. Eni is also feeling the effects of the news, released on Monday night, that Standard & Poor's (S&P) has placed the company under observation, together with four other oil groups, for a possible rating change. In particular, these are BP, Repsol, Statoil and Total. The decision is expected two weeks after the publication of the 2015 results. Also on Monday, the agency also cut Royal Dutch Shell's rating from 'AA-' to 'A+'.
They travel in the red too fca (-3,2%, despite the positive data on registrations), Exor (-3,4%), Finmeccanica (-1,6%) And Telecom Italy (-1,1%). Moncler stems losses (-0,6%) with the start of the buyback of treasury shares. After yesterday's slide, the shares are raising their heads Luxottica (+ 0,2%).
On the macro data front, Eurostat records in the currency area a new fall in unemployment, which with one decimal place less in December (to 10,4%) returned to the lowest levels since September 2011. In one month, the unemployed decreased by 49 units, to 16. Youth unemployment also fell by one decimal to 750 per cent. In Italy, recalls Eurostat, the unemployment rate remained stable at 22% in December, while youth unemployment fell by one decimal, to 11,4 per cent.
Again this morning, Istat announced that in December unemployment in Italy it returned to growth by 0,1 percentage points, settling at 11,4%. In 2015 as a whole, however, the overall number of unemployed in Italy decreased (-8,1%, equal to -254 people looking for work). The unemployed amounted to a total of 2 million and 898 thousand. Inactivity also dropped slightly (-0,1%, equal to -15 thousand inactive people), while employment increased (+0,5%, equal to +109 thousand employed people). Youth unemployment fell by 3,3% in one year.
On the industrial front, Eurostat also reports that in December producer prices they fell by 0,8% in the Eurozone.
