The drop in the Chinese manufacturing index and the contrasting macro data from the USA are sinking European lists: Milan -1,68%, Paris -0,62%, London -0,57% while Frankfurt closes close to parity: -0,02, XNUMX.
The lists record the success of the Spanish government bond auction indifferently: Madrid placed 4,8 billion bonds, above the estimates of 4,5 billion: in particular, the market absorbed 3,94 billion three-year bonds with a yield of 3,84% and 859 million euros government bonds at a rate of 10%, down from the previous 5,6%.
Lo Bono-bund spread travels uphill to 419 points compared to the opening at 407. The Btp-bund differential during the day was close to 350 basis points, rising to 348 and then closing at 341 points, however a significant increase on the 330 of the opening.
On Wall Street the indices open negative and the Dow Jones at the close of the European stock exchanges dropped 0,09%. The Nasdaq 0,29%.
In the US, unemployment fell by 3 last week, but less than analysts' expectations and the super-index of the economy is still down, -0,1% in August against analysts' expectations of an unchanged performance compared to July. Confirming the difficulties of the economy, the figure has decreased in three of the last six months. On the other hand, the Philadelphia Fed index improved more than expected, reaching 1,9 points in September from -7,1 in August.
THEeuro falls on the dollar to 1,2948 (-0,77%) and WTI oil was down to 91,9 dollars a barrel (-0,09%).
In Greece, the meeting of the leaders of the three parties supporting the government convened by the Premier, Antonis Samaras, to finalize the 11,5 billion euro package of cuts ended in stalemate requested by the representatives of the country's international creditors. Spain, on the other hand, according to what was reported by the newspaper El Pais, could propose to Europe to use for the public budget the resources left over from the 100 billion of the bank bailout already received, equal to approximately 60 billion. In this way he would avoid having to ask for a complete bailout, which would impose new conditions of recovery on the government of Mariano Rajoy. But the spokesman for EU commissioner Olli Rehn specified that aid of up to 100 billion to Spain for the recapitalization of the banks was envisaged "only for that objective", no other purposes are envisaged. The spokesman also added that "all decisions on other interventions will be taken by the Eurogroup and, in any case, they are not automatic".
Next Tuesday, ECB President Mario Draghi will meet Chancellor Angela Merkel in Berlin for an interview and both will also participate in the German Industry Day (Bdi).
In Piazza Affari the banks fall: Mps -5,32%, Bper -5,01%, Banco Popolare -4,37%, Bpm -4,10%, Intesa -3,39% and Unicredit -3,11%. Mediobanca also down (-3,55%) on the day the annual accounts are released which showed a 78% drop in profit. The dividend drops to 5 cents from 17. Tarak Ben Ammar denied that Groupama intends to exit the capital and reiterated that the shareholders and board of directors are united alongside Nagel. The industrial plan of Piazzetta Cuccia, said a director, will come after that of Generali. Leo yields 2,97%. According to reports from Il Sole, the Czech entrepreneur Petr Kellner fell to around 0,6% of Generali.
Telecom Italy loses 1,25% e Telecom Italy Media the 7,98%. Rcs yields 14,44%. If Della Valle announced in recent days that he had risen by more than 8%, Giuseppe Rotelli today denied that he had carried out purchase operations either directly or indirectly since the last communication in April after the markets were closed.
On the Ftse Mib the best are Lottomatica +2,04%, Autogrill +1,26%, Impregilo +1,21% and Ansaldo +0,69% and Luxottica +0,36%.
