Business Square closes down 0,96% sunk by Bpm -9% in free fall in the wake of the possible halt to the transformation project into a joint stock company. Bper is also down -4,38% and Mediobanca (-2,7%) which pays quarterly bills with a sharply declining profit. The 64,5% drop in profits was affected by the implementation of the balance sheet cleanup made by Generali (+0,62%) at the end of 2012 which resulted in a negative impact of 139,5 million for the third quarter of Mediobanca.
Snam collapses (-5%) which discounts the sale of 11% by Eni. And drag down the utilities: Terna -3,17% . Prysmian (-5%) loses after the disappointing quarterly. In Piazza Affari, the quarterly reports instead gave impetus to Fonsai (+3,7%), Azimut (+2%) and Telecom Italia (+2,3%). Mediaset (+1,68%) following the sentence in second degree for Silvio Berlusconi for tax fraud and fraud of Mediaset Espana accounts.
The Milanese price list highlightsor the worst performance in Europe on profit taking. Madrid -0,28%, Paris -0,7%, Frankfurt +0,16%, London +0,14%. Athens rises by more than 2%. Weak markets also on Wall Street which starts down despite the good data on claims for unemployment benefits which have fallen to their lowest since 2008. At the close of Europe, the Dow Jones was moving just below parity, the Nasdaq was down 0,13 % and the S&P500 -0,17%. WTI oil dropped 0,78% to 95,87 dollars a barrel and the euro-dollar exchange rate dropped 0,38% to 1,3103. In Asia in the morning, Asia closed weakly while the Seoul Stock Exchange rose by 1,18% with the rate cut by the Central Bank.
