Sales on European lists: in the US the agreement on the fiscal cliff has been withdrawn after the vote on the plan by the speaker Boehener has failed.
Milan increases the decline dragged by the banks and yields 0,90% with the spread returning above 300 to 309 basis points. The price lists also archive the Istat data on household confidence in the economic situation which in December fell again to 90,7 points from 90,9, the worst level since 1996, the year the historical series began.
Frankfurt lost 0,58%, Paris 0,38% and London 0,65%.
The cut in GDP estimates has also affected Sweden: the government drastically cut its growth estimates for 2013 to 1,1%, from the +2,7% expected in September, and those for 2012 to 0,9% from the previous +1,6%. The decision derives from the weak economic prospects in the rest of Europe and the uncertainties in the USA which would reduce Swedish exports to +1,4% in 2013 compared to initial expectations of +5%.
In November, on the basis of preliminary data, asset management returned positive with subscriptions for 852 million euro. Not only. Sector assets set a new all-time record at €1.196 billion. Collective management recorded subscriptions of over 1,5 billion euro, while outflows from portfolio management amounted to 700 million euro.
In Piazza Affari the sales hit the banks: Bper -3,3%, Banco Popolare -3,23%, Bpm -2,71%, Ubi Banca -2,62%, Unicredit -2,27%.
On the Ftse Mib, the best increases are from Impregilo +1,54%, Prysmian +0,54%, A2A +0,33%.
Finmeccanica sells 0,18%. The group today closed the sale of Avio to GE, collecting 260 million intended for the reduction of the group's debt level. The price allows Finmeccanica to value the 2006 investment in Avio at double the purchase price.
Unipol sells 2,84%, Fonsai 3,28% and Milano Assicurazioni drops by 6,84% the day after the board of directors who confirmed the share swaps for the merger operation.
