INDUSTRY FALLS AGAIN, OIL LANDSLIPS
DOWN THE BANKS. GOOD ONLY UNIPOL AND YOOX
The 2-year BTP touches down on the yield of 132%, the absolute minimum since the birth of the euro. The spread remains unchanged at XNUMX.
And the most positive news of a morning marked by mostly negative notes: the confirmation of the Italian recession (-0,1% GDP in the third quarter), the slowdown of the Chinese economy, the negative trend of sales in the USA in occasion of Black Friday.
After the Swiss no, gold falls (-4%). Silver is at a 3-year low.
Most of all, however, weighs the drop in crude oil: -12% from Thursday to this morning. Eni loses another 2,4%, Saipem -4% Tenaris -2,1%
The Ftse Mib index opens the week down: -1,02% to 19810. Paris -0,53%, Frankfurt -0,29% and Madrid -0,40% are also down, despite the good performance of the Spanish industry, the only one on the rise in Europe: the highest growth rate since June 2007 was recorded in November.
EU manufacturing closed November at 50,1, the lowest figure since June 2013. Orders are at a 19-month low.
The exception is E.On +4% after the split in two and the creation of an autonomous company in renewable energies.
In Piazza Affari, the conversion of the Unipol privileged +3,3% ordinary Unipol – 3,7%, .
Le UnipolSai savings B they earn 0,6%, the UnipolSai ordinary shares fell by 1,5%.
The Stock Exchange suffers from the decline of the banks: Unicredit -2,6%Understanding -3,1% MontePaschi -2,1%.
They're heavy Banco Popular -3% Pop.Emilia -3,6%.
Among financial stocks, Azimuth it fell by 5,6% after the agreement with the Revenue Agency for which it will pay 118 million euros to settle tax disputes for the 2001-2013 period. Mediolanum loses 2,5%.
They are positive Enel +0,1% and Telecom Italy + 0,5%.
They advance while waiting for the November registrations fca +0,2% and Ansaldo Sts + 0,1%.
Finmeccanica [SIFI.MI] is in parity, StM [STM.MI] -0,7%.
Abrupt descent of Buzzi -4%.
Positive surprise of Yoox which rises by 2%: two absolute sales records were recorded on Thanksgiving Day and Black Friday with strong growth for the USA (double) and China (four times as much a year ago).
