In April US industries they received orders for durable goods up 3,3% on the previous month, against expectations of +1,5%. But that didn't help the markets recover from the morning's losses. Indeed, the session has slipped towards the closure in the red. At Piazza Affari the index FtseMib drops by 0,45% to 16931, the London and Frankfurt stock exchanges lose respectively 0,56% and 0,49%, Paris falls by 0,17%.
On the market for government bonds, the 10-year BTP is in sharp decline: the yield jumped to 4,14% (from 4,02% this morning), spread at 270, widening by 12 basis points. In Europe the worst stocks are those of the car industry (Stoxx of the sector -1,6%) and banks (-1,2%).
Also the American stock exchange falls after the positive data of US industry. The Dow Jones index falls by 0,4%, S&P -0,6%, Nasdaq -0,6%. The S&P500 is heading to close out the week lower, the first decline after five consecutive weeks of gains. The bad news from the world of large-scale consumption weighs heavily.
Of note, Abercrombie & Fitch fell 10% after the casualwear company revised down its full-year earnings forecast to $2013/$3,15 from a previous estimate of $3,25. /$3,35. Sears Holdings also plummets 3,45%. The department store chain closed the first quarter with a worse-than-expected loss of $17 per share on revenues down 2,63%.
Pure Gap fell 1,6% after announcing better-than-expected first-quarter results. Analysts are disappointed that the company has not raised its earnings forecast for the full year 2013.
In the business square the banks they are almost all down: Unicredit drops by 1,35%, Intesa -0,86%, Monte Paschi -0,71%. Ubi -2,2% and Banco Popolare -2,77% are down. The positive exception is Mediobanca +1,4%. Generali gains 0,71%. Jp Morgan raised the recommendation to "overweight" from "neutral". Fondiaria-Sai falls -1,24%.
Final rush of Fiat which, after a bearish session, rises by 3,56%. Finmeccanica is down by 2,43%, StM -1,64%. Positive Prysmian +0,95%. Enel rises by 0,63%, net decrease of A2A -2,55%. Eni drops by 1,1%, Saipem loses 2,85%. Telecom Italia is clearly down -3,53%. The Luxury stocks contrasted: Ferragamo +0,13%, Luxottica -0,17%.
