Milano swings, while the rest of Europe, despite the fears about China, travels in positive territory. London +0,47%, Paris +0,36% and Frankfurt +0,84%. In May 2013 the industrial production of the Eurozone it decreased by 0,3% compared to April 2013 and by 1,3% year-on-year. This was announced by Eurostat. The figure is worse than analysts' forecasts
Lo Bund-Btp spread it widens by two basis points, to 286. The differential between Germany and Portugal is at 520 basis points (+15 bps). Prime Minister Pedro Passos Coehlo is speaking to the Lisbon Parliament about the political deadlock created last week with the resignation of some ministers of his coalition government. Passos Coehlo says that he intends to reach an agreement of broad understandings with other political forces capable of quickly leading to the birth of a new government.
Piazza Affari is penalized above all the slide of utilities after the decision of Standard & Poor's to cut the rating on Enel, Snam and Terna, following the downgrading of Italy and the decision of the Spanish government to approve the reform of the energy sector, capable of reducing the 26 billion euro deficit created over the years by regulated prices and costs
Enel falls by 2,65%, with the investee Enel Green Power at -2,6%. In Madrid, the subsidiary Endesa loses almost 4%, on a par with Gas Natural. Acciona (-5,6%) and Enagas (-5%) did worse. Terna -2,5%, Snam -1,33%. Bad in Milan too Telecom (-3,03%), affected by Agcom's proposal to cut wholesale access fees to the copper network for 2013, a decision which would jeopardize the network spin-off operation.
Finmeccanica -0,52%, the group is open to possible foreign partners for growth. This is what the CEO Alessandro Pansa said yesterday in Genoa, as reported by some newspapers. No mention, however, of the sale of Ansaldo Energia and Ansaldo Sts +0,68%. On positive ground, Fiat (+1,12%), which resumes racing despite IHS Global Insight having anticipated a 17% drop in sales for the Lingotto in Europe in June, against -6,4% for the market.
Brilliant Eni (+2,13%) and Saipem (+1,79). Between the banks, Intesa +0,85%, Monte Paschi -0,05%, Unicredit -0,33%. Little move Generali (+0,22%). In the rest of the list, Dada lost 14% after the shareholder RCS (-1,29%) communicated the sale of the company to Orascom by Naguib Sawiris. The shares of the publishing group retreat the day after the closure of the auction of unsubscribed rights.
