European stock exchanges sharply down after a positive start (with the exception of Piazza Affari). LFtseMib index drops by 1,41% to 15754, well below the technical threshold (16.100) for a possible rebound. Madrid is also in sharp decline: -1%. The other European Stock Exchanges, which were up sharply until recently, have wiped out their gains and are now in pale red: London -0,08% Paris -0,35%. It's an exception Frankfurt + 0,13%.
Positive day instead for sovereign debtthat BTP-Bund spread back below the threshold of 320 basis points (318), with the yield on the ten-year BTP at 5,03%. The differential between the Spanish 10-year Bono and the Bund is at 345 basis points with the Bonos yield at 5,29%.
Il number of unemployed in February it rose to 2,354 million in Italy, equal to 9,3% (against 9,1% in January). it detects theIstat based on provisional data. This is the highest number since the beginning of the monthly historical series, ie since January 2004. the data Eurostat show that in the euro area the unemployment rate in February rose to 10,8% from 10,7% in January.
The positive effect of data on Chinese industry, which had pushed the price lists of the Old Continent at the opening, has already sold out. Conversely, the European data on manufacturing industry in Europe is in line with estimates, three-tenths below February levels.
Enel's descent weighs on the Milanese price list -2%, which also has to deal with the sharp slowdown in electricity consumption in Spain, where the subsidiary Endesa operates. The colossus led by Fulvio Conti it accounts for 12% of the capitalization of the Milan Stock Exchange, a percentage lower only than that of Eni.
Down too Fiat -3,4% after the release of data on sales of cars and vans in France in March. The decrease compared to the same period of the previous year is 22%. In recent days the CEO of Fiat, Sergio Marchionne said that in Italy, the car market in March was "horrible".
Eni fell 07% with oil virtually unchanged at $103,1 a barrel.
Down, after a positive start, i bank stocks: Unicredit - 3,5%, Banco Popolare -3,8% Pop.Milan -3%. Also Understanding -2,4% misses after a rising start thanks to the recommendation buy of Goldman Sachs. It doesn't hold MontePaschi -1.% after a euphoric start (+3,6%).
On the rise Buzzi +0,8% while the conference call on the results of the financial statements is underway. In contrast too Salvatore Ferragamo +1,6%, which benefits from the recovery of the Chinese economy. Unipol drops by 9,61% on the first trading day after the reverse stock split (1 new for every 100 old).
