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Stock market: Telecom slips, Generali does well

After a positive start, the lists turn red waiting for the most important appointment of the day: the data on the trend of US durable goods - Spread at 262, widening by 5 basis points - Mediobanca and Generali pushed by the promotion to "overweight" of JP Morgan – The heaviest loss concerns Telecom Italia, after downgrade of S&P.

Stock market: Telecom slips, Generali does well

Bags not moved in the morning. After a positive start, the price lists mark time waiting for the most important appointment of the day: the data on the trend of US durable goods. This morning it was spread the Ifo index, which measures the confidence of economic operators in Germany, improved slightly this month to 105,7 points, against firm expectations at 104,4.

At the end of the morning Business Square it lost 0,49%, with the Ftse/Mib index at 16.924, after resetting the initial gains, on a par with Paris (-0,03%). The stock exchanges of London (-0,73%) and Frankfurt (-0,81%) lose the most. Madrid -0,98%. 

The government bond market suffers the 10-year BTP, trading at a yield of 4,07%, with a spread of 262, widening by 5 basis points. The euro is up slightly against the dollar, trading at 1,296, from 1,293 at yesterday's close.

In Piazza Affari the main banks fold in the late morning: Unicredit -1,15%, Understanding -0,435% Mount Paschi -0,56%. They also go down Ubi (-1,61%) And Banco Popolare (-1,76%). They are exceptions Mediobanca (+ 0,37%) and Generali (+0,42%%), driven by the promotion to "overweight" from "neutral" by JP Morgan.

Goes down Fondiaria-Sai -1,44%. The heaviest loss concerns Telecom Italy (-2,76%), after the rating cut by S&P. Among the industrialists, Fiat falls by 1,35%, Finmeccanica -1,84% StM -1,37%. Pirelli -0,29% Positive Prysmian+ 0,45%. Enel salt by 0,28%, Eni -0,94%. Opposed the titles of Luxury: Ferragamo + 0,76% Luxottica -0,63%. Among the minor stocks, the rises of Impregile it + 2,5%Trevi +2,4%, e D'Amico + 4,3%. 

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