Bad start to the last session of the week for the European stock exchanges. Mid morning Business Square leave 1% in the field, worse than Paris (-0,66%), Frankfurt (-0,62%) And London (-0,53%).
At the bottom of the Ftse Mib are some bank stocks: Banca Pop Emilia Romagna, involved in the bank-saving case, is the worst stock on the list (-3,42%), behind Bank Pop Milan (-2,53%), Banca Monte Paschi Siena (-2,40%).
The markets are also weighed down by the tension surrounding the Fed meeting next week, from which a rate hike is expected, and above all the strong decline in oil, with the wtf January delivery down 0,33% at $ 36,64 per barrel on the lows since 2009 and the Brent -0,35% at $ 39,59 per barrel.
Yesterday OPEC announced in a report that the production of the cartel countries increased further in November and that the excess production will continue throughout next year.
Oil prices have accentuated the declines since last Friday, when OPEC decided to leave production unchanged despite excess world inventories to defend its market shares, rather than prices. On Wednesday, the data on US weekly inventories, surprisingly down, was not enough to support prices.
In Milan, Eni loses 0,86%, Saipem 0,98%, Tenaris 0,63%. Also in red Enel (-0,65%).
On the currency market theeuro it is confirmed to be recovering, trading at 1,095 dollars (from 1,0934 dollars at yesterday's close). The single currency is 133,6 yen (from 132,83 yen), while the dollar/yen ratio is equal to 121,95 (121,45).
How many to the Asian markets, the Stock Exchange of Hong Kong it closed down - for the seventh consecutive session - by 1,11% due to the drop in oil prices and the weakness of the Chinese economy. The composite index Hang Seng he lost 240,56 points to 21.464,05 points. For the entire week, she lost 3,47%.
The Exchange of Shanghai it dropped 0,61% for the same reasons, with the composite index dropping 20,92 to 3.434,58 points. The balance for the week is -2,56%.
