Take courage Business Square, the only European Stock Exchange in positive territory. The Old Continent comes to terms with the retreat of the German economy. In Milan, the Ftse Mib index marks a rise of 0,30%, to 9.831 points. In red Paris (-0,33%), Frankfurt (-0,42%). London marks -0,18%. Almost unchanged, after yesterday's declines, Madrid (-0,06%).
The main German institutions are revising their growth estimates for Germany downwards to 1,3% for 2014 and 1,2% for the following year, according to advances by Handelsblatt.
THEeuro it is stable against the dollar at 1,265. up thegold, which gains it (0,7%) reaching 1.217 dollars an ounce, the third consecutive increase.
It doesn't weigh on Fiat (+0,5%) the exit of Sergio Marchionne, who announced who will leave the leadership of the group upon completion of the 2015-2018 industrial plan. Cnh Industrial remains negative (-0,7%).
Even today, the stocks most exposed to the transport sector are World Duty Free e Rest, losing 2,2% and 2,5% respectively.
Late morning turnaround for insurance stocks: Generali -0,4%, little move UnipolSai (-0,3%). Negative Catholic (-0,5%).
The same is true for the credit sector: Unicredit falls by 0,6%, Understanding -0,3% Mount Paschi -0,6%. Among the popular ones, Ubi -0,9% Pop.Milan + 0,4%.
Among utilities it is positive Enel (+0,9%) which is preparing to collect 5,85 billion euros from dividends from the subsidiary Endesa. Terna instead it retreats by 0,1%. The managing director, Matteo del Fante, confirmed the maintenance of the dividend policy also in the future and in the event of a worsening of the economic situation. Unchanged Eni while oil continues to drop: Brent is traded at 91 dollars a barrel (-0,9%).
Telecom Italy loses 0,7%. The risk of TLCs also lights up in Italy with the rumors of Vodafone's interest in Fastweb now in the hands of Swisscom (+3,8%). According to Reuters, the group led by Vittorio Cola would have offered 5 billion, or 9 times the EBITDA.
